22 JAMES Street, Waterloo ON N2J2S8 Photo 1 22 JAMES Street, Waterloo ON N2J2S8 Photo 2 22 JAMES Street, Waterloo ON N2J2S8 Photo 3 22 JAMES Street, Waterloo ON N2J2S8 Photo 4

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22 JAMES Street - AN EXCELLENT DEVELOPMENT OPPORTUNITY while enjoying very good cash flow. 22 James is offered for sale in combination with 23 James St at a total price of $1,299,600 Located just steps East of Wilfried Laurier University, less than 5 min walk. 22 James is a legal Four-plex with 5 self contained units. Currently all units are fully rented with coin laundry. Current rents: $700; $850;$950;$980 and main floor 4 bedroom unit rented at $1800/month. All utility included. An ideal multiplex in the Heart of the University District. Easy to rent to professionals and students. Located within walking distance to university and downtown. NOI 47,526, GRM=12.4 and Cap Rate 5.94% Excellent zoning MR12 with endless opportunities - see supplement for MR - 12 Zoning.

Property Details

  • ID: 30543637
  • Storeys: 0
  • County: Canada
  • Style: Other
  • Parking Type Description: None 0 cars
  • Status: Active
  • New Construction: No

Features

Appliances Dryer
Architectural Style 2 Level, Multi-Unit
Basement Development Finished
Basement Type Full (Finished)
Cooling Type None
Equipment Type None
Exterior Finish Brick
Features Double width or more driveway, Laundry- Coin operated, Paved driveway
Fire Protection Smoke Detectors
Foundation Type Poured Concrete
Heating Fuel Natural gas
Heating Type Boiler
Other Fireplace Present - False
Rental Equipment Type None
Sewer Municipal Sewage System
Storage Type Storage
Transaction Type For sale
Listed By PEAK REALTY LTD.