For Sale · Multifamily

588 GLEN MANOR Boulevard, Waterloo

588 GLEN MANOR Boulevard, Waterloo, ON N2L4T8

$799,000 total

—

Asset Class

Multifamily

Size

—

Building class

A

Zoning

RF6 — Medium Density

$ / SF

—

Occupancy

90%

Year Built

1969

About this property

Stylish, recently updated duplex in a desirable Waterloo location! Offering a great opportunity for investors or those looking to live in one unit while generating rental income from the other. The upper unit is currently vacant, providing flexibility for an owner-occupant or the opportunity to secure a new tenant at current market rents. The lower unit is leased at $1850/month, offering immediate rental income. Both units feature separate heating controls and individual hydro meters, providing added convenience and independent utility management. Each unit also enjoys its own backyard space, offering privacy and distinct outdoor areas for both residences. The basement features a deep window wells with a large windows, allowing for an abundance of natural light. With its recent updates, stylish finishes and functional two-unit layout, this property is an excellent opportunity for investors and owner-occupants alike! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$799K
Down payment30% · $240K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$35K

Annual cash flow

$-9K

Cash-on-cash

-3.83%

DSCR

0.79

Going-in cap

4.39%

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

42,767

Households

14,863

Median income

$100,000

Median age

31.2

Daytime population

63,254

5-yr growth

3.5%

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

Secure deal room

Confidential diligence documents for 588 GLEN MANOR Boulevard, 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.