For Sale · Multifamily

610 - 274 ERB STREET W, Waterloo

610 - 274 ERB STREET W, Waterloo, ON N2L1W2

Price on request

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA9 — High Rise

$ / SF

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Occupancy

86%

About this property

BIG BONUS**** 1 MONTH RENT FREE(2nd Month) + Discounted Covered Parking(Only $20/month) for the first 6 months(Regular $110/month), that's $2,595 in savings! Welcome to 274 Erb St W, Unit 610, where comfort and convenience come together in this beautifully designed apartment in Waterloo. Perfect for families and professionals, these apartments offer a great lifestyle in one of the city's most desirable neighborhoods. Step into this spacious, open-concept unit, featuring a bright living room, and a well-appointed kitchen with ample storage. The apartment includes two generous bedrooms and a 4-piece bathroom. Enjoy the convenience of in-building laundry facilities. Whether you're relaxing at home or exploring the community, you'll appreciate the thoughtful design and attention to detail in this unit. Situated in a prime location, this property is close to local parks, highly-rated schools, shopping, and public transit, offering easy access to everything Waterloo has to offer. Utilities are extra: Hydro, water, and gas are the responsibilities of the tenants. Refundable key deposit is $150. One extra parking spot available at extra cost. Unit comes unfurnished! With a blend of modern features and unbeatable location, this apartment is ideal for anyone looking to elevate their living experience. Don't miss your chance to call 274 Erb St W, Unit 610, your new home. Available immediately! (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$71K

Annual cash flow

$-12K

Cash-on-cash

-2.69%

DSCR

0.85

Going-in cap

4.74%

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

135,629

Households

61,226

Median income

$77,000

Median age

43.3

Daytime population

120,221

5-yr growth

9%

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

Secure deal room

Confidential diligence documents for 610 - 274 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.