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$ 1,299,000
Est. payment | /mo
4,600 SqFt
$ 1,299,000
Est. payment | /mo
4,600 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 4,600 sqft
Price per Sqft $282
MLS Listing ID X9391547
Annual Tax Amount $8,473
Tax Year 2023
Property Sub-Type Investment
Property Description
Prime Investment Opportunity, The Grand House, University of Waterloo School of Architecture in Cambridge campus. Purpose-built for students at the University of Waterloo School of Architecture, Grand House offers an exceptional investment opportunity with strong income potential. This highly desirable property is consistently fully occupied with a waiting list, ensuring reliable rental income. Located just a 15-minute walk from campus, the residence provides breathtaking views of the Grand River and the historic Galt core. The spacious 13-bedroom, 4-bathroom layout (with two bathrooms on each floor) has the potential to be upgraded to 14 bedrooms, further increasing rental revenue. The property features expansive common areas, including a kitchen, dining, and lounge space designed for comfort and collaboration. This highly visible, eco-friendly, three-storey building is a unique blend of modern design and spacious living. With strong rental demand, excellent income, and potential for even greater returns, this is a rare opportunity for investors. Financial estimates and legal details are available in the supplements. Don't miss out on this outstanding investment.
Location
Province ON
County Waterloo
Area Waterloo
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 66.12
Lot Depth 132.0
Listed by RE/MAX ABOUTOWNE REALTY CORP.