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$1,299,000
Available - For Sale
Listing ID: X9391547
Prime Investment Opportunity, The Grand House, University of Waterloo School of Architecture in Cambridge campus. Purpose-built for students at the University of Waterloo School of Architecture, Grand House offers an exceptional investment opportunity with strong income potential. This highly desirable property is consistently fully occupied with a waiting list, ensuring reliable rental income. Located just a 15-minute walk from campus, the residence provides breathtaking views of the Grand River and the historic Galt core. The spacious 13-bedroom, 4-bathroom layout (with two bathrooms on each floor) has the potential to be upgraded to 14 bedrooms, further increasing rental revenue. The property features expansive common areas, including a kitchen, dining, and lounge space designed for comfort and collaboration. This highly visible, eco-friendly, three-storey building is a unique blend of modern design and spacious living. With strong rental demand, excellent income, and potential for even greater returns, this is a rare opportunity for investors. Financial estimates and legal details are available in the supplements. Don't miss out on this outstanding investment.
Price $1,299,000
Taxes: $8,473
Tax Type: Annual
Occupancy by: Tenant
Address: 68 Roseview Ave , Cambridge, N1R 4A7, Ontario
Postal Code: N1R 4A7
Province/State: Ontario
Legal Description: See Supplements
Lot Size: 66.12 x 132 (Feet)
Directions/Cross Streets: Ainslie St N & Malcolm
Zoning: FC1RM1
Category: Apartment
Use: Apts-13 To 20 Units
Building Percentage: Y
Total Area: 4,600
Total Area Code:  Sq Ft
Business/Building Name: The Grand House
Financial Statement: Y
Gross Income/Sales: $126000
Net Income Before Debt: $89000
Expenses Actual/Estimated: $Est
Heat Type: Radiant
Central Air Conditioning: Y
Water: Municipal
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX ABOUTOWNE REALTY CORP.

68 Roseview Ave , Cambridge, N1R 4A7, Ontario


 
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Type: Com - Investment
Area: Waterloo
Municipality: Cambridge
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Lot Size: 66.12 x 132.00(Feet)
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Tax: $8,473
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