1/5024 COLUMBIA Street W, Waterloo
24 COLUMBIA Street W, Waterloo, ON N2L3K3
$1.7M total
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Asset Class
Multifamily
Size
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Building class
A
Zoning
RA8 — Medium Rise
$ / SF
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Occupancy
89%
About this property
NET INCOME - $104,000. Fully Rented, 15 Bedrooms, 3 UNIT TRIPLEX BUILDING Close to both Universities. This exceptionally well-maintained Triplex features three spacious apartment units, each offering a functional layout with 5 Bedrooms, 2 Full Bathrooms, Kitchen, Laundary and spacious living space. Fully rented and providing immediate cash flow. Professionally managed by a property management company, the property has been carefully maintained, is in excellent condition throughout, and offers low-maintenance ownership. Each unit includes stove, fridge, washer, dryer and microwave, along with separate hydro meters for each unit. The property also offers ample parking at the rear. Conveniently located close to schools, shopping, public transit, everyday amenities and major roadways, including Highway 85. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$8K
Projected NOI
$58K
Annual cash flow
$-39K
Cash-on-cash
-7.40%
DSCR
0.60
Going-in cap
3.32%
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
61,372
Households
21,705
Median income
$130,000
Median age
35.6
Daytime population
75,856
5-yr growth
3.4%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 24 COLUMBIA Street W, Waterloo.
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.