16 Columbia ST, Waterloo, ON N2L 3K3
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16 Columbia ST, Waterloo, ON N2L 3K3
16 Columbia ST, Waterloo, ON N2L 3K3
16 Columbia ST, Waterloo, ON N2L 3K3
16 Columbia ST, Waterloo, ON N2L 3K3
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$ 2,260,000
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16 Columbia ST Waterloo, ON N2L 3K3

20 Beds

8 Baths

5,200 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-4 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 5,200 sqft

Price per Sqft $434

MLS Listing ID 40822291

Bedrooms 20

Abv Grd Liv Area 5,200

Annual Tax Amount $20,934

Property Sub-Type Multi-4 Unit

Source Cornerstone

Property Description

An exceptional opportunity to own a turnkey student rental property with a definite opportunity to increase rent as the tenants turnover, ideally situated within close proximity to two universities. This well-maintained building comprises four self-contained units across 20 bedrooms, purpose-built to meet the demands of the student rental market. Exceptionally well built and maintained, as soon as you view the building in person you can see how well this building was built.
Each unit offers 5 generously proportioned bedrooms, expansive common areas, and two full bathrooms, providing the comfort and functionality today's student tenants expect. Every unit operates independently with its own furnace, central air conditioning, hot water heater, and in-suite laundry. Tenants pay their own hydro. Roof was just redone with extra income from the solar panels.

Location

Province ON

County Waterloo

Area 4 - Waterloo West

Zoning RMU-20

Direction Spruce St (short walk to Universities)

Rooms

Basement None

Kitchen 0

Interior

Interior Features Separate Heating Controls, Separate Hydro Meters

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Appliance Dishwasher, Dryer, Refrigerator, Stove, Washer

Laundry Common Area, Shared

Exterior

Roof Type Asphalt Shing

Lot Frontage 50.0

Lot Depth 124.0

Garage No

Building

Lot Description Public Transit, Schools

Faces Spruce St (short walk to Universities)

Story 4

Foundation Poured Concrete

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 4

Structure Type Brick,Vinyl Siding

New Construction No

Others

Senior Community false

Tax ID 222780137

Ownership Freehold/None


Listed by RE/MAX Real Estate Centre Inc.

NEARBY SCHOOLS & PROPERTIES

Caroline Marshall

Caroline Marshall

+1(705) 388-1792

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16 Columbia ST