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:4069)
Address
553 TEAKWOOD Drive
List Price
$750,000
Property Type
Single Family
Type of Dwelling
House
Style of Home
Bungalow
Area
Ontario
Sub-Area
Waterloo
Bedrooms
7
Bathrooms
2
Floor Area
2,022 Sq. Ft.
Year Built
1967
MLS® Number
40741045
Listing Brokerage
Keller Williams Innovation Realty
| KELLER WILLIAMS INNOVATION REALTY
Basement Area
Full (Finished)
Postal Code
N2L4L5
Zoning
R1
Site Influences
Park, Public Transit, Schools, Shopping
Features
Paved driveway, Crushed stone driveway, In-Law Suite
