MLS® ID: 30713005

158 Erb Street E

Waterloo, Ontario, N2J1M4

$2,400,000 Active
  • 11000 SQFT
Investment Opportunity for the Savvy and Experienced Investor who recognizes potential, and can embrace small challenges and take this property to the next level. 12 Apartments x 3 Rooms ea = 36 ROOMS in total to collect rent!! One apartment is currently vacant and having a 'makeover' to showcase the potential of what each of these apartments can become over time. Once complete, higher rent rate will be warranted and the new landlord can name their price. The location is ideal for students attending Wilfred Laurier and University of Waterloo. There is never a shortage of students looking for accommodation. Also conveniently located to many student necessities, Wal-Mart, Sobey's, Shoppers Drug Mart, LCBO, Restaurants, and Coffee shops. However, just don't limit yourself to just STUDENTS, with 12 - 3 bedroom apartments - open up your tenant profile to small families and/or young professionals. Check it out and THINK BIG.....look into the future and see the potential. (id:18098)
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