22
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$549,900
Est. payment /mo
5 Beds
2 Baths
New
392 Albert ST #204 Waterloo, ON N2L 3V1
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Key Details
Property Type Condo
Sub Type Condo Apartment
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1400-1599
MLS Listing ID X12284758
Style 1 Storey/Apt
Bedrooms 5
HOA Fees $840
Building Age 11-15
Annual Tax Amount $4,034
Tax Year 2025
Property Sub-Type Condo Apartment
Property Description
Positive Cash Flow opportunity in the heart of Waterloo! This fully leased 5-bedroom, 2-bathroom condo unit at 392 Albert Street, Unit 204 offers a rare opportunity to own a high-performing rental property just minutes from the University of Waterloo and Wilfrid Laurier University. Currently rented, this property generates a strong annual income of $48,000.Inside, the unit features a modern kitchen complete with maple cabinetry, a double sink, and included appliances: fridge, stove, and dishwasher. The open-concept living and dining area is spacious and bright, enhanced by a Juliette balcony with west-facing exposure that brings in plenty of natural light.Each of the five bedrooms is generously sized and comes fully furnished with a bed, desk, and chest of drawers, making this a truly turnkey investment. The unit includes two full bathroomsone 3-piece and one 4-pieceoffering convenience for shared living.Additional highlights include durable vinyl plank flooring throughout (completely carpet-free), hydronic hot water heating, a sprinkler system, intercom access, and deadbolts on all bedroom doors for added safety and privacy.This low-maintenance condo is ideally suited for turn key income and offers excellent long-term rental potential in one of the perennially best rental markets in Canada.
Location
Province ON
County Waterloo
Area Waterloo
Rooms
Family Room No
Basement None
Kitchen 1
Interior
Interior Features Carpet Free
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Underground
Garage Spaces 1.0
Topography Sloping
Exposure East
Total Parking Spaces 1
Balcony Juliette
Building
Story 2
Unit Features Public Transit,School
Foundation Concrete
Locker None
Others
Pets Allowed Restricted
Listed by ROYAL LEPAGE WOLLE REALTY