Turn-Key Investment Opportunity Available
Eiwo Court in Waterloo

 

Eiwo Court Condos is an investment opportunity on an existing 110 unit low-rise residential development in Waterloo. The property consists of four, 3-storey walk-up buildings with a generious amount of service parking.  Currently, the buildings are rental apartments, and are being converted into condominium units. These units will be sold as individual income producing condo rental units.

Contact me - John Fishbein, Sales Representative with RE/MAX Twin City, if you are interested in finding out more! 

Opportunity

- Opportunity to purchase title to an income producing investment in individual condo units in a newly converted fully-leased apartment building, with a strong rental history
- High-quality, professionally managed buildings
- Central Waterloo location with high rental demand and in close proximity to the growing North Waterloo RIM Campus and other significant employers
- Close proximity and access to Highway 85/Conestoga Parkway

Investment
- Units are 1 bedroom, 2 bedroom, and 3 bedrooms
- Available to purchase in packages from 1 - 10 units

Management
- High-quality, professionally managed buildings creates a "hands-free" investment
- Mortgage financing can be arranged if required. Discounted legal fee for closing all included in the "turn-key" investment opportunity
- Building is managed 365 days per year by a 3rd party professional manangement firm that handles all rent collection, leasing, maintenance, repairs, emergency calls, etc, so you don't need to do so

Return on Investment
- Significant double digit annual return over a 5-year holding period
- An attractive investor purchase discount from market value
- On-going price appreciation on the condominium unit - currently about 5.76% per year in the area
- Positive monthly cash flow and principal pay-down on mortgage


Building Photos:
 

Each of the four buildings
has laundry facilities
One Bedroom Unit Located near schools, shopping, busses, & parks
Two Bedroom Unit
Three Bedroom Unit  






   



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