19 James Street Waterloo, ON N2J 2S8
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-3 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 2,517 sqft
Price per Sqft $496
MLS Listing ID 40867888
Bedrooms 11
Abv Grd Liv Area 2,517
Annual Tax Amount $6,674
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Multi-3 Unit
Source Cornerstone
Property Description
Combining the charm and character of a century home with a purpose built addition, this property features spacious layouts, generous bedroom sizes, in-suite laundry, and ample on-site parking for up to six vehicles – note both the independent driveway as well as surface parking.
With strong Day One cash flow, future turnover may offer investors opportunities to further optimize rents and improve returns. Separate hydro and gas meters create additional expense-management possibilities. At the property, look up and note the institutional-quality developments across the street and at the corner. The property's RMU-30 zoning while being surrounded by undeveloped homes may also merit future consideration for redevelopment or intensification.
I have owned property on this street – and you should too. Whether you're an experienced investor looking to expand your portfolio, a first-time multi-residential buyer seeking a foothold in Waterloo's resilient rental market, or a parent investor planning ahead for university housing needs (send your kid to school and make money), 19 James Street presents a compelling opportunity in one of the City's most desirable locations.
Location
Province ON
County Waterloo
Area 1 - Waterloo East
Zoning RMU-30
Direction King Street North to James Street. Turn East on to James Street. Building is near the end of James Street, to the right.
Rooms
Basement Full, Partially Finished, Sump Pump
Kitchen 0
Interior
Interior Features Separate Hydro Meters
Heating Forced Air, Natural Gas
Cooling None
Fireplace No
Appliance Dryer, Refrigerator, Stove, Washer
Laundry In-Suite
Exterior
Exterior Feature Year Round Living
Parking Features Asphalt
Roof Type Asphalt Shing
Porch Deck
Lot Frontage 60.0
Lot Depth 108.0
Garage No
Building
Lot Description Rectangular, Business Centre, City Lot, Library, Place of Worship, Public Transit, Schools
Faces King Street North to James Street. Turn East on to James Street. Building is near the end of James Street, to the right.
Story 3
Foundation Concrete Block, Stone
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 2
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 223700034
Ownership Freehold/None
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