400 ALBERT Street, Waterloo, Ontario, N2L3V3
$13,499,999 - For sale
Uncover an extraordinary student rental investment opportunity at 400 Albert St, Waterloo. This property is a rare multi-unit treasure that holds immense financial potential for savvy investors. Comprising an impressive 109 units, this real estate gem features a diverse mix of accommodations, including 26 spacious 4-bedroom units, a generous 3-bedroom unit and a cozy 2-bedroom unit. The location is nothing short of ideal, situated just 1 kilometer from the renowned University of Waterloo, 950 meters from Wilfrid Laurier University and a short 2.1 kilometers from Conestoga College. What sets this property apart from the competition? It's the unique combination of factors that make this investment a standout. First, the numbers: The current rental rates are already attractive for seasoned investors seeking to calculate cap rates and cash flow returns. These figures alone would capture the attention of any investor. However, what truly elevates this investment to the next level is the fact that these rents are currently below market value. This presents a golden opportunity for savvy investors to maximize their long-term returns. Long-term potential: Beyond the immediate financial gains, the long-term potential of this investment is where it truly shines. With tenant turnover rates approximately 25-35% per year, you have the unique advantage of adjusting rents upward as turnover occurs, thereby optimizing your income. This not only ensures a steady cash flow but also allows you to offer quality housing to students from three prestigious institutions, enhancing the desirability of your units in the long run. These real estate investment opportunities are rare. The potential for substantial returns, both now and in the future, makes 400 Albert St an essential addition to your investment portfolio. Act quickly, book a showing and secure this ticket to supercharging your real estate portfolio and unlocking a future filled with financial success and growth. (id:2471)
Location DescriptionFrom Columbia St W turn to Albert St and continue until you reach the corner Albert St and Cardill Cres.
- Property Address:400 ALBERT Street, Waterloo, Ontario, N2L3V3
- Property Type:Multi-family
- Lot Size:1/2 - 1.99 acres
- Acreage:1/2 - 1.99 acres
- Sewage Type:Municipal sewage system
- Water Type:Municipal water
- Parking Space Total:27
- Floor Space:28873
- Heating Type:Natural gas, Forced air
- Basement Type:Full (Finished)
- Foundation Type:Poured Concrete
- Cooling Type:Central air conditioning, None
- Exterior Type:Brick
- Amenities Nearby:Park, Place of Worship, Playground, Public Transit, Schools, Shopping
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400 ALBERT Street, Waterloo, Ontario, N2L3V3
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