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Ideal location! Rare opportunity to own a purpose-built all brick 4 plex located along the University ave gateway connecting K-W’s highway backbone to Waterloo’s learning and innovation centre. Sitting on a ¼ acre corner lot just a few hundred meters to the expressway and a stone’s throw from Conestoga College Waterloo Campus, close proximity to the universities, and Uptown Waterloo. Also conveniently located a walking distance to grocery stores & restaurants, trails, and connection to LRT. Well maintained and owner occupied for the last 13 years, this building is in great condition with lots of parking and is licensing exempt. Three of the four units will be vacant allowing new ownership to capitalize on the high rents with new tenants. Updates include new front cement walkway (2022), chimney rebuild (2022), new owned water heater (2022), water softener (2020), bathroom updates, new flooring, windows, and more! MR-4 zoning may allow for further future re-development. Don't miss the opportunity to add this multi-family property to your portfolio and take advantage of the hot rental market in the third-ranking best small city in Ontario for 2022! (id:24093)
Listed by EMIL BURCA and of RE/MAX TWIN CITY REALTY INC.

Property Details of 240 Mayfield Avenue

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"Based on information submitted to CREA as of December 6, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or CREA.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing."

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