392 Erb St W
Waterloo, N2L 1W6
FOR SALE
$1,650,000
Sold
$1,650,000
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9 + 5
BEDROOMS5
BATHROOMS3 + 1
KITCHENS16 + 8
ROOMSX5273371
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2021-06-14 | 2021-08-15 | 62 | $1,650,000 | $1,650,000 | Sold |
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Property Description
Fully Leased & Reno'd 4-Plex In Desirable Waterloo. Close Proximity To The Universities, Highway Access And Dt Waterloo. Features Two 5 Bed Units, One 4 Bed Unit, And A Bachelor. Current Gross Monthly Rental Revenue Of $8,550 Results In Projected Annual Noi Of $77K And Is Priced At An Approximate 4.7% Cap Rate. Current Owner Invested In A New Roof, Attic Insulation, All Windows & Doors, Parking Lot Extension, Sub-Metering, Fire & Life Safety Systems.
Extras
The Owners Also Made Substantial Renos To Each Suite With High-End Finishes Throughout, Including New Kitchens (Cabinets, Undermount Sinks, Hard-Surface Countertops, S/S Appliances, New Bathrooms, In-Suite Laundry And Flooring Throughout.
Property Features
Golf, Library, Public Transit, Rec Centre, School, School Bus Route
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Property Details
Street
City
Property Type
Fourplex, 2-Storey
Approximate Sq.Ft.
3000-3500
Lot Size
60' x 190'
Fronting
North
Taxes
$8,004 (2020)
Basement
Finished, Full
Exterior
Brick, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
8
Driveway
Private
Garage Type
None
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