419 Hazel Street Waterloo, ON N2L3P7
Listing Courtesy of: ITSO / Keller Williams Innovation Realty
$5,499,999
46
BED
16
BATH
12,136
SQFT

  419 Hazel Street Waterloo, ON N2L3P7

Active (11 Days)

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 University 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.

MLS®:
40478857
Taxes
$47,008
Type
Multifamily
County
Waterloo Regional Municipality
Bathroom Details
Interior Features
  • Stove
  • Refrigerator
  • Laundry: Common Area
  • Laundry: Coin Operated
  • Other
Lot Information
  • Shopping Nearby
  • Schools
  • Public Transit
  • Public Parking
  • Playground Nearby
  • Place of Worship
  • Park
  • Open Spaces
Property Features
  • Foundation: Poured Concrete
Heating and Cooling
  • Radiator
  • Radiant
  • None
Basement Information
  • Finished
  • Full
Exterior Features
  • Roof: Membrane
  • Roof: Flat
Utility Information
  • Sewer: Sewer (Municipal)
School Information
  • Elementary School: St. Agnes (Jk-08); Winston Chirchill P.s. (Jk-06)
  • High School: St. David Catholic Secondary School (09-12); Waterloo C.i. (
Parking
  • Total: 19
Stories
  • 4
Living Area
  • 12,136 sqft
Location
   
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Disclaimer: Listing content protected by copyright and licensed by Information Technology Systems Ontario: Data last updated: 9/22/23 14:38