$709,000

About this listing

Calling All Investors! Welcome to 8 Hickory Street W, Unit 203, Waterloo - the ultimate income-generating investment property in a prime student rental location within walking distance to the University of Waterloo and Wilfrid Laurier University. This renovated condo offers over 2,000 sq. ft. of functional living space with laminate flooring throughout, 5 spacious bedrooms, 5 bathrooms, an open-concept living and dining area, and a walk-out to a spacious open balcony with room for outdoor furniture and enjoyment. The modern kitchen features stainless steel appliances, granite countertops, ceramic backsplash, a centre island, 2 stainless steel fridges, lots of cabinetry/pantry space and in-suite laundry for everyday convenience. All 5 rooms are fully rented from September 2026 to August 2027, generating a gross monthly income of $4,875 (covers 5 rooms $950/each monthly & parking $125/month), with the 1 owned underground parking space providing an additional $125 per month starting Sept. 2026. Monthly condo fees include unlimited Bell high-speed internet, water, parking, common elements, building insurance, and central air conditioning. The suite comes fully furnished with 5 double-sized bed frames, 5 desks, 5 side tables, washer and dryer, 3-seater couch, 2-seater couch, TV, barstools, dining chairs, window coverings, and electrical light fixtures. Building amenities include an exercise room, party/meeting room, games room, visitor parking, secure bike storage, elevator, and controlled entry. Ideally surrounded by parks and recreation including Kevin Strauss Football Field, Ansley Alumni Field, Hillside Park, Forwell Trail & Creek, Sugarbush Park, and Waterloo Park, with nearby access to University of Waterloo, Wilfrid Laurier University, Conestoga College. Steps to Grand River Transit, and the nearby Conestoga Parkway for easy travel throughout Waterloo Region, Ontario, and the GTA.