60 Marshall Street Waterloo, Ontario N2J 2T4

20 Bedroom 8 Bathroom 4606
None Forced Air


$153,000+ Gross Income Available Here! This apartment building features spacious units with oversized bedrooms, massive common areas. Two bathrooms per unit. Very clean. Individual meters for water, electricity and gas. Front Roof done in 2015. Back roof done in 2020. Driveway repaved in 2020. Unit B and Unit C freshly painted. In floor heating in the lower levels of Units A and D. Great central location with close proximity to Uptown and walking distance to both Universities. RMU-20 zoning may allow for further, future re-development. Original building expanded and significantly renovated in 2004. Rental-licensed exempt building! Fully occupied with written leases in place to at least end of April, 2023. Rare, positive cash flow with 35 percent down. Investor work sheet with full financials applied to contemporary financing available! Further optimize the buildings bottom line by: offloading utility costs to new tenants on re-rental and charging for parking. Solid investment opportunity in one of the Perennially Best Towns in Ontario to Invest In! (id:22076)

Property Details

MLS® Number 40268915
Property Type Multi-family
Amenities Near By Place Of Worship, Schools
Equipment Type Water Heater
Features Paved Driveway, Laundry- Coin Operated
Rental Equipment Type Water Heater


Bathroom Total 8
Bedrooms Total 20
Appliances Freezer, Water Meter
Basement Development Finished
Basement Type Full (finished)
Constructed Date 1959
Cooling Type None
Exterior Finish Brick
Fire Protection Smoke Detectors
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 4606
Type Fourplex
Utility Water Municipal Water


Acreage No
Land Amenities Place Of Worship, Schools
Sewer Municipal Sewage System
Size Depth 146 Ft
Size Frontage 58 Ft
Size Total Text Under 1/2 Acre
Zoning Description Rmu-20



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