204 - 392 Albert Street

Presenting a remarkable opportunity to acquire an apartment for sale in Waterloo , located at 392 Albert Street, Waterloo. This exceptional condo apartment, positioned in the heart of the vibrant community of 417 - Beechwood/University, is a fully leased property that promises positive cash flow and an attractive investment for discerning buyers. With five generously sized bedrooms and two well-appointed bathrooms, this property is perfectly tailored for those seeking a high-performing rental unit, especially given its proximity to both the University of Waterloo and Wilfrid Laurier University.

The apartment for sale in Waterloo boasts a modern kitchen that is both functional and stylish. It features elegant maple cabinetry, a double sink, and essential appliances including a refrigerator, stove, and dishwasher, making it an ideal space for cooking and entertaining. The open-concept living and dining area is spacious and filled with natural light, thanks to a Juliette balcony that faces west, providing a delightful view and ample sunlight throughout the day. This layout not only enhances the living experience but also makes the apartment feel warm and inviting.

Each of the five bedrooms in this apartment for sale in Waterloo is thoughtfully designed to accommodate students or professionals, with each room furnished with a bed, desk, and chest of drawers, ensuring a hassle-free move for tenants. The presence of two full bathrooms—one being a 3-piece and the other a 4-piece—adds to the convenience of shared living, catering to the needs of multiple occupants.

Additional features of this condo at 392 Albert Street, Waterloo, include durable vinyl plank flooring throughout, ensuring a completely carpet-free environment that is easy to maintain. The heating system is powered by forced air and gas hot water, providing comfort during the colder months. Safety and security are paramount, with a sprinkler system, intercom access, and deadbolts installed on all bedroom doors, offering peace of mind for residents.

While the apartment does not include a family room, central vacuum system, or a pool, it compensates with its single garage space and the convenience of municipal water supply. The absence of additional land and parking spaces does not detract from the overall appeal of this low-maintenance condo, which is ideally suited for a turnkey investment.

This apartment for sale in Waterloo, built in 2015, is a prime example of modern living in a sought-after area. With a total of ten rooms, including five bedrooms and two bathrooms, this property is designed to maximise rental potential in one of Canada’s most reliable rental markets. The current rental income stands at an impressive $48,000 annually, making this an attractive proposition for investors looking to secure a profitable asset.

In conclusion, if you are in the market for an apartment for sale in Waterloo, look no further than 392 Albert Street, Waterloo. This property not only offers a strong return on investment but also provides a comfortable living space for tenants. With its strategic location, modern amenities, and robust rental income, this condo is a must-see for anyone serious about investing in real estate in this thriving community. Don’t miss out on this exceptional opportunity to own a piece of Waterloo’s vibrant rental market!

The Beechwood/University area in Waterloo is a vibrant and picturesque neighbourhood, characterised by its blend of residential charm and academic vitality. Nestled close to the University of Waterloo, this community boasts tree-lined streets, well-maintained parks, and a variety of local amenities that cater to both students and families alike. With easy access to public transport and major roadways, residents enjoy a convenient lifestyle while being surrounded by a rich tapestry of cultural and recreational opportunities. The presence of cafes, shops, and community events fosters a welcoming atmosphere, making Beechwood/University an appealing choice for those seeking a lively yet tranquil place to call home.

Schools in the Neighbourhood

This property is ideally located near several reputable educational institutions, making it an excellent choice for families. Within a short distance, you will find Winston Churchill Public School, an elementary school rated 4.9, just 0.6 km away, catering to grades JK to 6. For older children, Waterloo Collegiate Institute, also 0.6 km away, offers secondary education for grades 9 to 12 and has a rating of 6.3. Additionally, N.A. MacEachern Public School, located 2.3 km away, provides French-language education for grades 1 to 6 and boasts an impressive rating of 8.8. There are also options for Catholic education, with Sir Edgar Bauer Catholic Elementary School (1.9 km away) and St. David Catholic Secondary School (0.6 km away), both offering strong programs in English and French, rated 7 and 7.4 respectively. MacGregor Public School, although further at 1.4 km, serves grades 7 to 8 in both English and French. Overall, the proximity to these schools, combined with their strong ratings, ensures that families will have access to quality education options in the area.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 819 residents, with an average household size of 2.5. The demographic profile indicates a youthful community, with an average age of 28.6 years. The average household income stands at $68,000, although a notable 27.8% of the population is classified as low-income. The housing market reflects an average property price of $620,000, with a significant proportion of residents (87.5%) being renters. The area is characterized by a high percentage of single individuals, comprising 75.51% of the population, while households with children account for 40.91%. Additionally, 25.93% of the residents are immigrants, contributing to the area's diversity. Educational attainment is relatively high, with 56.58% of the population holding a college or university degree. However, a considerable 40.79% of residents are not participating in the labor force. The local housing market includes a modest percentage of condominiums, making up 15.63% of the available properties. Overall, this community presents a vibrant mix of young, educated individuals, with a significant portion of the population navigating rental living amidst a diverse and dynamic environment.