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423 Tamarack Drive Waterloo, Ontario N2L 4G9

7 Bedroom 2 Bathroom 1073
Bungalow None Forced Air

$749,000

$43,200 Gross Annual Income Available here with tenants on multi-year lease. This building is City-approved operation that generates positive cash flow with 35% down. Legal money maker! This rental licensed property with a registered accessory apartment has a desirable four and three bedroom lay out. Main floor unit has a large eat in kitchen and spacious living. Building is carpet free - with thin plank hardwood throughout main, laminate through lower level and ceramics in kitchen and bathrooms. Good, clean tenants. Note extensive side deck with a large backyard that all tenants enjoy! Note walk up from basement. Location within walking distances to both universities, St. David's Highschool, shopping (including Beer Store) and groceries (new Farm Boy) and public transit (including bus route that goes directly to main entrance of WLU). This opportunity is ideal for: extended, multi-generational family, parent investor with kid going to school, or shrewd investor seeking positive cash flow in one of Ontario's perennial Top Ten Towns or even parent investor. Tough to beat! Let's set up a showing Today! (id:39551)

Property Details

MLS® Number 40164136
Property Type Single Family
Amenities Near By Public Transit, Schools, Shopping
Equipment Type None
Parking Space Total 5
Rental Equipment Type None

Building

Bathroom Total 2
Bedrooms Above Ground 3
Bedrooms Below Ground 4
Bedrooms Total 7
Appliances Water Meter
Architectural Style Bungalow
Basement Development Finished
Basement Type Full (finished)
Constructed Date 1964
Construction Material Wood Frame
Construction Style Attachment Detached
Cooling Type None
Exterior Finish Brick, Wood
Fire Protection Smoke Detectors
Fireplace Present No
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 1
Size Interior 1073
Type House
Utility Water Municipal Water

Parking

Attached Garage

Land

Acreage No
Land Amenities Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 140 Ft
Size Frontage 54 Ft
Size Total Text Under 1/2 Acre
Zoning Description R1

Rooms

Level Type Dimensions
Lower Level Utility Room 6'8'' x 8'11''
Lower Level Kitchen 12'10'' x 8'5''
Lower Level Bedroom 12'11'' x 11'11''
Lower Level Bedroom 8'4'' x 17'7''
Lower Level Bedroom 7'3'' x 11'5''
Lower Level Bedroom 11'0'' x 10'9''
Lower Level 3pc Bathroom 12'4'' x 6'2''
Main Level Primary Bedroom 12'5'' x 9'8''
Main Level Living Room 11'4'' x 16'10''
Main Level Kitchen 9'0'' x 21'0''
Main Level Bedroom 8'5'' x 11'7''
Main Level Bedroom 9'0'' x 11'8''
Main Level 4pc Bathroom 8'5'' x 8'3''

https://www.realtor.ca/real-estate/23663681/423-tamarack-drive-waterloo

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