392 Albert Street Unit# 204 Waterloo, Ontario N2L 3V1
$549,900Maintenance, Insurance, Parking, Water
$840.74 Monthly
Maintenance, Insurance, Parking, Water
$840.74 MonthlyPositive 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:43503)
Property Details
| MLS® Number | 40749468 |
| Property Type | Single Family |
| Neigbourhood | Northdale |
| Amenities Near By | Place Of Worship, Public Transit, Schools |
| Equipment Type | None |
| Features | Southern Exposure, Balcony, Country Residential, Laundry- Coin Operated |
| Parking Space Total | 1 |
| Rental Equipment Type | None |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 5 |
| Bedrooms Total | 5 |
| Appliances | Dishwasher, Refrigerator, Stove |
| Basement Type | None |
| Constructed Date | 2015 |
| Construction Style Attachment | Attached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors |
| Heating Type | Forced Air, Hot Water Radiator Heat |
| Stories Total | 1 |
| Size Interior | 1,470 Ft2 |
| Type | Apartment |
| Utility Water | Municipal Water |
Parking
| Underground | |
| Covered |
Land
| Acreage | No |
| Land Amenities | Place Of Worship, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Total Text | Unknown |
| Zoning Description | R9 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Primary Bedroom | 15'0'' x 11'3'' | ||
| Main Level | Living Room | 12'11'' x 20'8'' | ||
| Main Level | Kitchen | 8'10'' x 10'5'' | ||
| Main Level | Dining Room | 12'10'' x 12'9'' | ||
| Main Level | Bedroom | 15'1'' x 8'3'' | ||
| Main Level | Bedroom | 15'0'' x 8'3'' | ||
| Main Level | Bedroom | 15'0'' x 8'3'' | ||
| Main Level | Bedroom | 8'3'' x 16'7'' | ||
| Main Level | 4pc Bathroom | 7'11'' x 5'4'' | ||
| Main Level | 3pc Bathroom | 5'10'' x 8'3'' |
https://www.realtor.ca/real-estate/28605157/392-albert-street-unit-204-waterloo
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July 15 2025 08:45:49
Waterloo Region Association of REALTORS®
Royal LePage Wolle Realty