392 ALBERT ST #204 new Save Request In-Person Tour Request Virtual Tour
Waterloo,ON N2L3V1
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,470 sqft
Price per Sqft $374
Subdivision 421 - Lakeshore/Parkdale
MLS Listing ID 40749468
Bedrooms 5
Condo Fees $840/mo
Year Built 2015
Property Sub-Type Condominium
Source Cornerstone - Waterloo Region
Property 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. (id:24570)
Location
Province ON
Rooms
Kitchen 1.0
Extra Room 1 Main level 15'0'' x 11'3'' Primary Bedroom
Extra Room 2 Main level 12'11'' x 20'8'' Living room
Extra Room 3 Main level 8'10'' x 10'5'' Kitchen
Extra Room 4 Main level 12'10'' x 12'9'' Dining room
Extra Room 5 Main level 15'1'' x 8'3'' Bedroom
Extra Room 6 Main level 15'0'' x 8'3'' Bedroom
Interior
Heating Forced air,Hot water radiator heat
Cooling Central air conditioning
Exterior
Parking Features Yes
View Y/N No
Total Parking Spaces 1
Private Pool No
Building
Story 1
Sewer Municipal sewage system
Others
Ownership Condominium
Virtual Tour https://youriguide.com/204_392_albert_street_waterloo_on/