616 Silverbirch Road, Waterloo | Image 1

616 Silverbirch Road

Waterloo

  • Commercial

$X,XXX,XXX
For Sale

Added 4 weeks ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-6 To 12 Units

  • Zoning: RMU-40

  • Age: 51-99 years

  • Taxes: 21895

  • MLS®#: X8207104

  • Days on Site: 1 Days

  • Added: Apr 04, 2024 (4 weeks ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: Royal LePage Wolle Realty

SOLID and Well cared for purpose-built 9-PLEX. GREAT Multi-Family Investment Property with outstanding income & 4.8% Cap rate. All units occupied. RMU40 zoning, concrete construction comprised of 8x2 bedroom units and 1x1 bedroom unit. Gas boiler heat, one hydro meter. 13 parking spaces. Assumable fixed rate mortgage for 2.5 years at 3.09%!!! Excellent turn-key investment in great area close to ION transportation, access to Highway 7/8, Universities, Conestoga mall shopping, amenities and parks. The location does not get much better than this in Waterloo Region. Reach out to Listing Realtors for a copy of financial brochure.

Extras

**INTERBOARD LISTING: WATERLOO ASSOCIATION OF REALTORS**Gross income of $153.000/Net income $102,172/4.85% CAP rate

Property

  • Status: Sale

  • Type: Apts-6 To 12 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Age: 51-99

  • Net Income: 102172

  • Area: Waterloo

  • Availability Date: Immediate

  • Assessment Amount: $994,000

  • Assessment Year: 2024

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Available

Building

  • Basement: Y

  • Heat Type: Gas Hot Water

  • Elevator: None

  • Freestanding: Y

  • Outside Storage: Y

  • Water Supply: Municipal

Parking

  • Garage Type: Outside/Surface

  • Covered Parking Spaces: 13

Fees

  • Tax Year: 2023

  • Tax Legal Description: LT 29 PL 1266 CITY OF WATERLOO; S/T 386864; WATERLOO

  • Taxes: $21,895

  • Expenses: Act

  • Operating Fees: 50826

  • Taxes Type: Annual

  • Tax Year: 2023

Land

  • Cross Street: Weber St/Glen Forest

  • Municipality District: Waterloo

  • Parcel Number: 222640282

  • Sewer: Storm

  • Lot Depth: 213 Feet

  • Lot Frontage: 80 Feet

  • Zoning: RMU-40

Shipping Doors

  • Clearing Height (ft): 8

Commercial Specific

  • Rail: N

  • Total Area: 18105

  • Total Area Metric: Sq Ft

  • Days Open: 7

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Lot

  • Financial Statement: Y

  • Gross Income/Sales: 153000

  • LLBO: N

Map of 616 Silverbirch Road, Waterloo
JK-3

KidsAbility School

Elementary: Hospital
2.56 km
JK-6

Winston Churchill Public School

Elementary: Public
1.63 km
JK-6

Cedarbrae Public School

Elementary: Public
0.85 km
JK-8

Sir Edgar Bauer Catholic Elementary School

Elementary: Catholic
0.50 km
JK-6

N A MacEachern Public School

Elementary: Public
1.12 km
JK-8

Northlake Woods Public School

Elementary: Public
1.27 km
9-12

St David Catholic Secondary School

Secondary: Catholic
2.09 km
Pre-Grade 9-12

Kitchener Waterloo Collegiate and Vocational School

Secondary: Public
5.50 km
Pre-Grade 9-12

Bluevale Collegiate Institute

Secondary: Public
4.58 km
Pre-Grade 9-12

Waterloo Collegiate Institute

Secondary: Public
2.37 km
9-12

Resurrection Catholic Secondary School

Secondary: Catholic
6.03 km
Pre-Grade 9-12

Sir John A Macdonald Secondary School

Secondary: Public
4.44 km
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