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** Quality Features **
* Three buildings have 4 units with 5 students each.
* Three buildings are approx. 6455 sq. ft. each.
Each of the units have 5 bedrooms, 2 bathrooms with their own:
* gas meter (tenants pay)
* water meter,( tenants pay) (above code)
* hydro meter,(tenants pay)
* hrv (heat recovery ventilator system),(above code)
* full sized stackable washer & dryer, (above average)
* fridge & stove, microwave, dishwasher (above average)
* smart wiring (cable t.v.,network cable &
2 telephone lines),(above average)
* heat & smoke detectors (above code)
* carbon monoxide detectors,(above code)
* Peezo’s in every bedroom (loud fire alarm)(above code)
* 125 amp electrical service,
* hi-efficiencey forced air gas
* central air conditioning,(above average)
* water softener
* 2 sump pumps (above average)
* double exit
* water softener
* owned hot water tank
* each student has one key that fits their bedroom and their unit door.
** Quality Features **
Income & Expenses |
One Building (for 3 students or main office)
Offers all of the above except a hrv system.
It also houses the rough-in surveillance system for the site.
* This building not only meets but exceeds the stringent fire regulations for the City of Waterloo which governs the student housing.
* Conduit is available under the parking lot for cable t.v., and bell telephone.
* Upgraded Type “L”copper used throughout the buildings.(above average)
* Parking for approx. 28 vehicles.
* Built in 2000-2001.
Lot Size: 129 ft. x 252.81 x irreg. x 238.01 Ft.
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Income & Expenses
1st location:
3 buildings x 4 units x 5 students = 60 students
1 building x 3 students = 3 students
2nd location:
1 building x 4 units x 5 students = 20 students |
$311,280 per year
$ 99,540 per year
$410,820 per year |
Future Potential:
** All rooms at $425.00 ......add $16,500/year = $427,320 Gross Income
** All rooms at $450.00 with basements at $425.00
......add $34,500/year = $445,320 Gross Income
** Income & Expense Statements provided upon request with Agreement of Purchase & Sale
* Both Properties only being sold together.
***Existing Financing can be assumed by the purchaser, subject to Toronto Dominion’s
approval |
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For further info: carolh@golden.net
David Anderson, Broker,
Keller Williams Golden Triangle Realty, Brokerage
Independently Owned and Operated
Office: 519-570-4447 Direct: 519-772-3759
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