392 Albert St, Waterloo, ON N2L 3V1, Canada
392 Albert St, Waterloo, ON N2L 3V1, CanadaBasics
- Date added: Added 16 hours ago
- Category: Residential
- Type: Condo/Apt Unit
- Status: Active
- Bedrooms: 5
- Bathrooms: 2
- Area: 1470 sq ft
- Year built: 2015
- Bathrooms Half: 0
- Rooms Total: 10
- County Or Parish: Waterloo
- Bathrooms Full: 2
- MLS ID: 40749468
Description
-
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 bathrooms—one 3-piece and one 4-piece—offering 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.
Show all description
Location
- Parking Total: 1
- Directions: Corner of Albert Street and Cardill Crescent. Two minute drive from University of Waterloo. Four minute drive from Wilfrid Laurier University
- Direction Faces: South
Building Details
- Number Of Units Total: 0
- Building Area Total: 1470 sq ft
- Number Of Buildings: 0
- Security Features: Smoke Detector, Smoke Detector(s)
- Covered Spaces: 1
- Construction Materials: Brick, Cement Siding
- Garage Spaces: 1
- Roof: Other
Amenities & Features
- Water Source: Municipal
- Patio & Porch Features: Juliette
- Architectural Style: 1 Storey/Apt
- Appliances: Dishwasher, Refrigerator, Stove
- Sewer: Sewer (Municipal)
- Cooling: Central Air
- Interior Features: Separate Heating Controls, Separate Hydro Meters
- Heating: Forced Air, Gas Hot Water
- Frontage Type: East
