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419 Hazel Street Waterloo, Ontario N2L 3P7

46 Bedroom 16 Bathroom 12136
None Radiant Heat

$5,499,999

Calling all astute real estate investors! Here's your ticket to unlock a remarkable student rental investment opportunity at 419 Hazel Street. This property shines with 46 units, including 15 sought-after 3-bedroom units and a cozy 1-bedroom unit. Its location, just 1.2 kilometers from the University of Waterloo, 1 kilometer from Wilfrid Laurier University, and 2.0 kilometers from Conestoga College, positions it as a prime player in the lucrative student housing market. But what truly sets this property apart is the growth potential this investment holds. The current rental rates are already enticing, making it an excellent prospect for calculating cap rates and cash flow returns. However, here's where the real opportunity exists: the rents are presently below market value with a turnover of 20-30% annually. This presents a distinct and unparalleled opportunity for investors like you to elevate your long-term returns. Picture this: as tenants naturally turnover, you have the unique ability to gradually adjust rents to align with market rates. This strategic move ensures progressively increasing cash flow over time, essentially turning this property into a cash cow. In a market where listings for student housing are as rare as this one, seizing this chance to invest in the future is not just a recommendation; it's a financial imperative. Act decisively to incorporate this gem into your investment portfolio, and witness your returns flourish as the market catches up with your astute investment strategy. Investors, take note – this is your ticket to success in the thriving Waterloo student rental market. Don't let this opportunity slip away. Take the next step to delve deeper into this exceptional investment opportunity, and let's pave the way for your prosperous future in real estate. (id:49454)

Property Details

MLS® Number 40478857
Property Type Multi-family
Amenities Near By Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Features Laundry- Coin Operated
Parking Space Total 19

Building

Bathroom Total 16
Bedrooms Total 46
Basement Development Finished
Basement Type Full (finished)
Cooling Type None
Exterior Finish Brick
Foundation Type Poured Concrete
Heating Type Radiant Heat
Stories Total 4
Size Interior 12136
Utility Water Municipal Water

Land

Acreage No
Land Amenities Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Frontage 158 Ft
Size Total Text 1/2 - 1.99 Acres
Zoning Description Residential - Rmu-20

https://www.realtor.ca/real-estate/26042644/419-hazel-street-waterloo