Sale
15 days on website
Free account required
$5,499,999
Other
419 Hazel Street
Waterloo, 421 - Lakeshore/Parkdale N2L 3P7
No obligation, free tour cancelation.
Beds · 46
Baths · 16.00
Sqft · 12136.00
Description
Calling all astute real estate investors! Here's your ticket to unlock a remarkable student rental investment opportunity at 419 Hazel Street. This property shines with 46 units, including 15 sought-after 3-bedroom units and a cozy 1-bedroom unit. Its location, just 1.2 kilometers from the Universit...y of Waterloo, 1 kilometer from Wilfrid Laurier University, and 2.0 kilometers from Conestoga College, positions it as a prime player in the lucrative student housing market. But what truly sets this property apart is the growth potential this investment holds. The current rental rates are already enticing, making it an excellent prospect for calculating cap rates and cash flow returns. However, here's where the real opportunity exists: the rents are presently below market value with a turnover of 20-30% annually. This presents a distinct and unparalleled opportunity for investors like you to elevate your long-term returns. Picture this: as tenants naturally turnover, you have the unique ability to gradually adjust rents to align with market rates. This strategic move ensures progressively increasing cash flow over time, essentially turning this property into a cash cow. In a market where listings for student housing are as rare as this one, seizing this chance to invest in the future is not just a recommendation; it's a financial imperative. Act decisively to incorporate this gem into your investment portfolio, and witness your returns flourish as the market catches up with your astute investment strategy. Investors, take note – this is your ticket to success in the thriving Waterloo student rental market. Don't let this opportunity slip away. Take the next step to delve deeper into this exceptional investment opportunity, and let's pave the way for your prosperous future in real estate., Directions:From Columbia St W turn to Hazel St and continue until you reach 419 Hazel St., Exclusions:
General
Type
Other
Style
-
Year Built
-
Square Footage
12136.00 sqft
Taxes
-
Maintenance Fee
-
Interior Features
Other
Lot Features
Open Spaces, Park, Place of Worship, Playground Nearby, Public Parking, Public Transit, Schools, Shopping Nearby
Est. mortgage
$25,722/mo
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Jim Gordon
Email: info@agentgordon.com
Phone: 226-218-3970
Listing courtesy of:
KELLER WILLIAMS INNOVATION REALTY