Prime Investment Opportunity – 5-Bedroom Licensed Rental with Future Development Potential! This rare 5-bedroom, 3-full-bath single detached home is a turnkey investment featuring a single deep garage with 4 parking spaces in the driveway. Holding a Class D - Class 2 rental license and located just minutes from two major universities, this property is ready for immediate rental income. Recent upgrades include 2019 air conditioners and a hot water heater, as well as bathroom sink updates from 2019-2020. The home also offers a main floor office for remote work and boasts new flooring in the third-floor bedrooms, while an insulated garage door adds to its energy efficiency. Incorporated with the city’s “Missing Middle” housing initiative, this property is currently undergoing a zoning change that will allow for multi-unit development, unlocking exciting opportunities for expansion or redevelopment. Don’t miss this unique chance to secure a high-demand rental in a prime location with significant future value potential! For more details on the zoning changes, visit: Waterloo HAF Initiative. (id:4069)
Address
54 HIGH Street
List Price
$938,000
Property Type
Single Family
Type of Dwelling
House
Area
Ontario
Sub-Area
Waterloo
Bedrooms
5
Bathrooms
3
Floor Area
2,214 Sq. Ft.
MLS® Number
40708528
Listing Brokerage
ROYAL LEPAGE WOLLE REALTY
Basement Area
Full (Finished)
Postal Code
N2L3X8
Zoning
SR2
Site Influences
Hospital, Place of Worship, Public Transit, Schools, Shopping
Features
Paved driveway
