Positive Cash Flow opportunity in the heart of Waterloo! This fully leased 5-bedroom, 2-bathroom condo unit at 392 Albert Street, Unit 204 offers a rare opportunity to own a high-performing rental property just minutes from the University of Waterloo and Wilfrid Laurier University. Currently rented, this property generates a strong annual income of $48,000. Inside, the unit features a modern kitchen complete with maple cabinetry, a double sink, and included appliances—fridge, stove, and dishwasher. The open-concept living and dining area is spacious and bright, enhanced by a Juliette balcony with west-facing exposure that brings in plenty of natural light. Each of the five bedrooms is generously sized and comes fully furnished with a bed, desk, and chest of drawers, making this a truly turnkey investment. The unit includes two full bathrooms—one 3-piece and one 4-piece—offering convenience for shared living. Additional highlights include durable vinyl plank flooring throughout (completely carpet-free), hydronic hot water heating, a sprinkler system, intercom access, and deadbolts on all bedroom doors for added safety and privacy. This low-maintenance condo is ideally suited for turn key income and offers excellent long-term rental potential in one of the perennially best rental markets in Canada. (id:4069)
Address
392 ALBERT Street Unit# 204
List Price
$549,900
Property Type
Single Family
Type of Dwelling
Apartment
Transaction Type
sale
Area
Ontario
Sub-Area
Waterloo
Bedrooms
5
Bathrooms
2
Floor Area
1,470 Sq. Ft.
Year Built
2015
Maint. Fee
$840.74
MLS® Number
40749468
Listing Brokerage
Royal LePage Wolle Realty
Basement Area
None
Postal Code
N2L3V1
Zoning
R9
Site Influences
Place of Worship, Public Transit, Schools
Features
Southern exposure, Balcony, Country residential, Laundry- Coin operated
