379 ERB STREET W, Waterloo379 ERB STREET W, Waterloo — photo 2379 ERB STREET W, Waterloo — photo 3379 ERB STREET W, Waterloo — photo 4379 ERB STREET W, Waterloo — photo 5379 ERB STREET W, Waterloo — photo 6379 ERB STREET W, Waterloo — photo 7379 ERB STREET W, Waterloo — photo 8379 ERB STREET W, Waterloo — photo 9379 ERB STREET W, Waterloo — photo 10379 ERB STREET W, Waterloo — photo 11379 ERB STREET W, Waterloo — photo 12379 ERB STREET W, Waterloo — photo 13379 ERB STREET W, Waterloo — photo 14379 ERB STREET W, Waterloo — photo 15379 ERB STREET W, Waterloo — photo 16379 ERB STREET W, Waterloo — photo 17379 ERB STREET W, Waterloo — photo 18379 ERB STREET W, Waterloo — photo 19379 ERB STREET W, Waterloo — photo 20379 ERB STREET W, Waterloo — photo 21379 ERB STREET W, Waterloo — photo 22379 ERB STREET W, Waterloo — photo 23379 ERB STREET W, Waterloo — photo 24379 ERB STREET W, Waterloo — photo 25379 ERB STREET W, Waterloo — photo 26379 ERB STREET W, Waterloo — photo 27379 ERB STREET W, Waterloo — photo 28379 ERB STREET W, Waterloo — photo 29379 ERB STREET W, Waterloo — photo 30379 ERB STREET W, Waterloo — photo 31379 ERB STREET W, Waterloo — photo 32379 ERB STREET W, Waterloo — photo 33379 ERB STREET W, Waterloo — photo 34379 ERB STREET W, Waterloo — photo 35379 ERB STREET W, Waterloo — photo 36379 ERB STREET W, Waterloo — photo 37379 ERB STREET W, Waterloo — photo 38379 ERB STREET W, Waterloo — photo 39379 ERB STREET W, Waterloo — photo 40
1/40
Business For Sale · Multifamily

379 ERB STREET W, Waterloo

379 ERB STREET W, Waterloo, ON N2L1W7

$2.3M total

—

Asset Class

Multifamily

Size

—

Building class

C

Zoning

RF6 — Medium Density

$ / SF

—

Occupancy

84%

About this property

Amazing Investment 21 Rooms Property In Prime Rental Area. Students Rental Building. Close Walk To University Of Waterloo, Plaza And Several Bus Routes. This Building Featuring Contain Total 21 Bedrooms, 8 Baths, 4 Kitchens, Laundry, 9 Parking Student Apartment Building. Each Unit Contains 5 Bedrooms Or 6 Bedrooms,2 Full Baths And A Full Kitchen. Well Maintained Building, Leased With A Great Rental History. Very Profitable Apartment. Make Rental Income While Property Value Goes Up!! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$2.30M
Down payment30% · $690K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$11K

Projected NOI

$77K

Annual cash flow

$-50K

Cash-on-cash

-7.25%

DSCR

0.61

Going-in cap

3.37%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

43,050

Households

15,478

Median income

$119,000

Median age

36.1

Daytime population

39,155

5-yr growth

7.8%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 379 ERB STREET W, Waterloo.

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.