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** Quality Features **
* 3-4 plex buildings - each housing 20 students
* 1 building housing 3 students or main office
* Total = 63 students
This attractive multi family investment is only steps
away from Wilfred Laurier University. Constructed in 2000-2001, it fronts onto University Avenue in Waterloo, Ontario. Specifically designed and structurally engineered for students, this property exceeds the quality of all other student dwellings in the Waterloo area.
It’s a maintenance free building featuring cement wall siding with
a 50 year guarantee. The roof is a single tab shingle with a 30 year
life. All windows are a maintenance free vinyl. The foundation walls
are reinforced with steel rods.
This property was expertly supervised and independently inspected by various engineering firms for the soil testing, storm water management and retaining walls. It was constructed by the owner, with the intention of maintaining it as the foundation of their investment portfolio. Thus the attention to detail is unsurpassed by other student properties in the area.
Recently classified as a condominium, it offers a wider range of potential possibilities. It also reduces the municipal taxes.
Fully rented and occupied, this outstanding building offers the serious investor a prime location, first class tenants, solid cash flow with the opportunity for future financial growth and development.
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