Maisonettes | 216 King St S
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Maisonettes 216 King St S
5 Unit Apartment Building $1,525,171 USD ($305,034 USD/Unit) 4.23% Cap Rate Waterloo, ON N2J 1R3
Investment Highlights
- Renovated.
- Uptown location minutes to public transit.
- Potential to expand size of building to 36 bed or acquire adjacent properties for hi-rise development.
Executive Summary
5 Unit Boutique 'townhome" style apartment building in the heart of Uptown Waterloo. Potential to expand size to a 20-36 unit building on the site. Can build up to 6-storeys. Hold and enjoy the positive cashflow until you want to develop or hold and sell to a developer as a central key property to the assembly of the two adjacent properties.
67 ft. frontage on King St. S. across from the Sun Life Building. Lot depth is 124.08 ft.
Large renovation completed in 2020 and 2021. Apartments renovated and plumbing updated. 5 units currently with 11 bedrooms. Total floor area is 5,784 sf.
This is a rare opportunity! City Planning Report Available to expand size of the building up to 36 bedrooms.
Visit the website for additional information and photo gallery.
http://maisonetteswaterloo.com/
67 ft. frontage on King St. S. across from the Sun Life Building. Lot depth is 124.08 ft.
Large renovation completed in 2020 and 2021. Apartments renovated and plumbing updated. 5 units currently with 11 bedrooms. Total floor area is 5,784 sf.
This is a rare opportunity! City Planning Report Available to expand size of the building up to 36 bedrooms.
Visit the website for additional information and photo gallery.
http://maisonetteswaterloo.com/
Data Room Click Here to Access
- Market Information
Financial Summary (Actual - 2023) Click Here to Access |
Annual (USD) | Annual Per SF (USD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,525,171 USD | Apartment Style | Low Rise |
| Price Per Unit | $305,034 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 4.23% | Building Size | 8,395 SF |
| Gross Rent Multiplier | 17.1 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1925/2020 |
| Property Subtype | Apartment | Parking Ratio | 0.6/1,000 SF |
| Price | $1,525,171 USD |
| Price Per Unit | $305,034 USD |
| Sale Type | Investment |
| Cap Rate | 4.23% |
| Gross Rent Multiplier | 17.1 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 8,395 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1925/2020 |
| Parking Ratio | 0.6/1,000 SF |
Unit Amenities
- Balcony
- Dishwasher
- Washer/Dryer
- Kitchen
- High Speed Internet Access
- Refrigerator
- Range
- Tub/Shower
- Dining Room
Site Amenities
- 24 Hour Access
- Controlled Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | - | 895 - 920 |
1 of 1
Walk Score ®
Walker's Paradise (96)
Bike Score ®
Biker's Paradise (96)
zoning
| Zoning Code | U-2 (Uptown Mixed Use) |
| U-2 (Uptown Mixed Use) |
-
Roxanne Finn -
Chestnut Park Real Estate Limited
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Maisonettes | 216 King St S
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