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423 Tamarack Drive

Beds 7
Baths 2
MLS® Number 40165048

$749,000

Status Conditional
City Waterloo
County Waterloo
Listing Type Residential Income
Postal Code N2L 4G9
Driveway Spaces 2.00
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$43,200 Gross Annual Income Available here with tenants on multi-year lease. This building is City-approved operation that generates positive cash flow with 35% down. Legal money maker! This rental licensed property with a registered accessory apartment has a desirable four and three bedroom lay out. Main floor unit has a large eat in kitchen and spacious living. Building is carpet free - with thin plank hardwood throughout main, laminate through lower level and ceramics in kitchen and bathrooms. Good, clean tenants. Note extensive side deck with a large backyard that all tenants enjoy! Note walk up from basement. Location within walking distances to both universities, St. David's Highschool, shopping (including Beer Store) and groceries (new Farm Boy) and public transit (including bus route that goes directly to main entrance of WLU). This opportunity is ideal for: extended, multi-generational family, parent investor with kid going to school, or shrewd investor seeking positive cash flow in one of Ontario's perennial Top Ten Towns or even parent investor. Tough to beat! Let's set up a showing Today!
Directions Hazel Street to Smallwood Drive to Tamarack Drive.

Interior

Basement Type Full Basement
Heating Forced Air,gas
Interior Features In-law Suite,water Meter
Square Feet 1073.00 SqFt
Cooling None
Laundry Feature In Basement,shared

Exterior

Acres Range < 0.5
Construction Materials Brick,Wood
Foundation Poured Concrete
Lot Size Acres 0.0000
Parking Spaces Total 3
Roof Asphalt Shing

Additional Information

Appox Age 51-99 Years
Area Influences Public Transit,Schools,Shopping Nearby
Common Interest Freehold/none
Fronting On West
Septic/Sewer Sewer (Municipal)
Water Source Municipal
Property Attached Detached
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