172 REGINA Street N

About this property

Rare chance to own a contemporary, purpose-designed eight-unit building in one of the most sought-after student rental pockets in the city. Wilfrid Laurier's campus sits practically at your doorstep — the Science and Athletic facilities are a short stroll away, making this an easy walk for every tenant. Location like this simply doesn't come available often. Every suite is thoughtfully appointed with its own hydro and gas metering, two full bathrooms, and the added convenience of laundry right in the unit. Spacious shared areas round out the layout. The property has been carefully looked after under hands-on ownership, and each resident is secured on a signed lease agreement. The numbers work: this asset produces positive cash flow at today's lending rates, delivering dependable returns from day one. There's room to grow revenue further as units turn over, offering built-in upside for the incoming owner. It's a natural fit for an experienced operator who appreciates the reliability of housing situated within arm's reach of a major university. (id:66549)

Details

Bedrooms

0

Bathrooms

0

Size

8,930 sq ft

Property type

House

Stories

4

Parking spaces

8

Heating

Forced air, Natural gas

Neighbourhood

116 - Glenridge/Lincoln Heights

Postal code

N2J3B3

MLS® Number

40851244

Status

For Sale

Features

• Air Conditioning
• Laundry

Location