ON > Waterloo > 421 - Lakeshore-Parkdale
Waterloo, ON N2L4L5,553 TEAKWOOD Drive
Waterloo, ON N2L4L5,553 TEAKWOOD Drive
Waterloo, ON N2L4L5,553 TEAKWOOD Drive
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$725,000
Est. payment /mo
7 Beds
2 Baths
2,022 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 2,022 sqft

Price per Sqft $358

Subdivision 421 - Lakeshore/Parkdale

MLS® Listing ID 40741045

Style Bungalow

Bedrooms 7

Year Built 1967

Property Sub-Type Freehold

Source Cornerstone - Waterloo Region

Property Description

Live in the upper level and rent out 4 bedrooms on the lower level. You have options with the current Class A - 3 bedroom rental licence for the upper level . Class A - 4 bedroom rental licence for the lower level. This unique property stands out as a perfect choice for investors, offering a smart way to manage living arrangements while expanding your investment portfolio. —Highlights— • Design: A well-planned 3-bedroom bungalow complemented by a secondary 4-bedroom basement unit, featuring a separate side entrance for privacy and independence • Capacity: Boasting total 7 bedrooms in total, this property is well-equipped to accommodate a significant number of tenants • Amenities: 2 fully functional kitchens, spacious living areas, and separate laundry facilities cater to all the needs of student life • Location: Nestled in a quiet, safe residential neighbourhood, this property ensures a peaceful study environment • Accessibility: Just a 5-minute bus ride to the University of Waterloo, with the #9 bus stop right outside the front door. For those who prefer walking, the university is a comfortable sub-30-minute stroll away • Convenience: Grocery, drugstores, and restaurants are within a 2km radius; a breezy 18-minute bus ride. Conestoga Mall and transit links are 20 mins • Maintenance: The property is neat, tidy, and has been meticulously maintained, ensuring a hassle-free investment • Parking: A double-wide driveway provides ample space for up to 4 vehicles • Outdoors: A sizable yard, perfect for al-fresco study sessions, summer barbecues, and various lawn games • Additionally, a free-standing shed offers convenient bicycle storage. This property is not just a residence; it's a lifestyle choice for students seeking convenience, comfort, and a sense of community. As an investor, you're not just offering a place to stay; you're creating a home away from home for students, with the added benefit of a robust investment in one of Ontario's thriving educational hubs. (id:24570)

Location

Province ON

Rooms

Kitchen 2.0

Extra Room 1 Basement 11'9'' x 8'9'' Utility room

Extra Room 2 Basement 11'0'' x 9'3'' Bedroom

Extra Room 3 Basement 10'10'' x 11'3'' Bedroom

Extra Room 4 Basement 11'9'' x 10'8'' Bedroom

Extra Room 5 Basement 12'2'' x 10'8'' Bedroom

Extra Room 6 Basement 10'7'' x 4'11'' 4pc Bathroom

Interior

Heating Forced air,

Cooling None

Exterior

Parking Features No

Community Features Quiet Area, Community Centre

View Y/N No

Total Parking Spaces 4

Private Pool No

Building

Story 1

Sewer Municipal sewage system

Architectural Style Bungalow

Others

Ownership Freehold

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agent

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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