5609 - 5623 Rue Foster Waterloo J0E2N0
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Great opportunity for investors; this 6-unit building features an ancestral charm and offers increased revenues and a significant potential to optimize the unit 5623. The CITQ certificate for the unit 5611 allows short-term rentals (e.g., Airbnb).
Lots of renovations and improvements;Roof: the main roof in 2017Apartment 5619: bathroom, kitchen, and flooring in 2022Apartment 5615: bathroom in 2023
Unit 5623 is ready for renovation. Located on the top floor of the building, this 2-bedroom unit (which can be converted into 3 bedrooms) offers abundant natural light and a huge private terrace. Very high potential.
Enjoy a prime location, close to all essential amenities. You will be just minutes away from:
Parks: 50m from Denise-Lauzière Park220m from Place du Centenaire
Schools: 400m from Orée-des-Cantons School (pre-school and primary/high school education)700m from the English-speaking primary school in Waterloo
Grocery Stores: 280m from Marché Foster600m from Métro grocery store
Pharmacies: 190m from Proxim Pharmacy700m from Uniprix Pharmacy
building
year | 1867 |
facade | 13.25 Meters |
depth | 15.74 Meters |
area | 174 Square Meters |
habitable-space | 424.60 Square Meters |
lot
facade | 21.64 Meters |
depth | 34.21 Meters |
area | 740.30 Square meters |
expenses
Municipal Taxes | $ 8 424,00 (Yearly) |
School taxes | $ 271,00 (Yearly) |
total | $ 8 695,00 (Yearly) |
potential-revenue
potential-revenue-last-revision | 2025/07/21 |
potential-revenue-amount | $ 77 820,00 |
potential-revenue-num-units | 6 |
characteristics
Driveway | Asphalt |
Heating system | Electric baseboard units |
Water supply | Municipality |
Foundation | Poured concrete Stone |
Siding | Wood |
Basement | 6 feet and over Unfinished Crawl space |
Parking | Outdoor |
Sewage system | Municipal sewer |
Window type | Hung |
Roofing | Asphalt shingles |
Topography | Flat |
Zoning | Commercial |
evaluation-title (2020)
evaluation-land $ 55 200,00
evaluation-building $ 266 100,00
total $ 321 300,00
Mikaël Clermont-Pereira
Residential and Commercial Real Estate Broker
PRO IMMOBILIER & HYPOTHÈQUE INC. (Montréal)
rates-table-title
- 1 year term 4.89%
- 3 years term 4.24%
- 5 years closed 4.24%
- Variable Rate 4.25%
- *Subject to change without notice