311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
311 Spruce Street, Waterloo, ON N2L 3M6
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For Sale

$1,580,000

311 Spruce Street, Waterloo, ON N2L 3M6

14 Beds

Remarks

$105,000+ Gross Annual Income Available Here - with more upswing available! This triplexed building is located just a two minute walk to to Wilfrid Laurier University, a quick walk to the vibrant amenities of Uptown and an easy walk to University of Waterloo. This building comes to you with three City-approved, rental licenses issued by City of Waterloo. Located on a street with properties that are predominantly owned by large multi-residential rental service providers, this is a rare opportunity for the private sector investor! Unit A has seen thousands of dollars in renos before going to market with some newer flooring and paint. Unit B tenants have been in place for a couple of years. There is an opportunity to go to market rents and increase revenue substantially on tenant departure in this unit. All units have generously sized common areas and spacious bedrooms with individual temperature control. Thoughtfully designed with a compelling unit mix of 3, 5, and 6 bedroom units. Ample parking. Note individual electrical meters! Opportunity on Units B and C to move electrical costs to tenant on re-rental. Roof done in 2022! This money maker will work well for: savvy investor looking for a foothold in lucrative Waterloo rental market, parent investor that seeks the ultimate location for their university bound child or even a university employee that wants to live close to work and generate mortgage helper income through the other units. Zoning may also provide future development opportunity when combined with adjacent properties. Investor work sheet available to show how this property can work for you! Let's book a viewing of 311 Spruce Street - today!

Inclusions:

Hot Water Tank Owned,Smoke Detector,Other

Exclusions:

Tenants' Possessions

Property Summary

  • Lot Frontage: 55.59 Feet
  • Lot Depth: 125.2 Feet
  • No. of Parking Spaces: 4
  • Floor Space (approx): 2916 Square Feet
  • Bedrooms: 14
  • Zoning: (H) RN-12

Property Features:

  • Basement:
    Walk-Up Access , Full , Finished
  • Construction Materials:
    Brick , Vinyl Siding
  • Cooling:
    None
  • Heating:
    Baseboard , Electric
  • Interior Features:
    Separate Hydro Meters
  • Acres Range:
    < 0.5
  • Driveway Parking:
    Outside/Surface/Open
  • Water Treatment:
    None
  • Laundry Features:
    In Building
  • Lot Features:
    Urban , Rectangular , Park , Place of Worship , Public Transit , Schools
  • Roof:
    Asphalt Shing
  • Security Features:
    Smoke Detector , Alarm System
  • Sewer:
    Sewer (Municipal)
  • Water Source:
    Municipal-Metered

Office Listing: 

Mike Milovick - Broker  ,  Jennifer Shingler - Sales Representative

Lifestyle
Neighbourhood Info
Kathleen Anne Clyson

Kathleen Anne Clyson

Broker

Phone:  519.574.1559

Dorinda Orser

Dorinda Orser

Sales Representative

Phone:  519.745.7000

Cell:  519.574.1559

Royal LePage Grand Valley Realty- Kitchener, Brokerage (Independently owned and operated)

15C - 370 HIGHLAND ROAD WEST
Kitchener,  ON N2M5J9

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