Positive 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.Show Description MLS® Number40749468
Laundry LevelCoin Operated, In Building, Laundry Room, Main Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age2015
BasementNone
Driveway
Garage Spaces
HeatForced Air, Gas Hot Water
A/CCentral Air
Heating Fuel
Dishwasher, Refrigerator, Smoke Detector, Stove, 5 Beds, Five Desks, Five Chest Of Drawers
