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Listed 2 months ago

9 - 12 Bridgeport Road E

, Waterloo

$399,900

Condo Apartment |
4 | 2 | 1 | 0
About this home

FULLY VACANT!! Calling all investors, parents of university students, and savvy buyers looking for an exceptional income-generating opportunity! This exceptional 4-bedroom apartment was previously rented for $3,300 per month, offering a strong rental history and excellent income potential for investors. This one-of-a-kind property offers outstanding rental potential with a spacious multi-level layout featuring 4 bedrooms, a bathroom on every level, and a shared kitchen configuration ideal for student housing or multi-tenant occupancy. The spacious floor plan offers a seamless flow throughout the apartment, providing the perfect balance of comfort and every day living. Freshly painted throughout and enhanced with new waterproof vinyl flooring on the upper level, this move-in-ready property blends modern updates with timeless character. Originally a 1900s industrial building thoughtfully converted to residential use in 2002, this unique home showcases soaring ceilings, exposed beams, exposed brick, and stone accents, creating a stunning urban loft feel that stands out from the ordinary. Residents also enjoy access to secured bike storage, a media lounge/recreation area to relax and unwind, and convenient onsite laundry facilities. Located in one of Waterloo's most sought-after neighbourhoods, take advantage of the proximity to the University of Waterloo, Wilfred Laurier University, Conestoga College Waterloo Campus, the ION LRT, public transit, grocery stores, restaurants, cafés, and everyday amenities. Enjoy miles of scenic walking trails just moments from your doorstep, offering outdoor enthusiasts the perfect opportunity to explore the natural beauty of the surrounding area year-round. With a proven rental history, consistently high occupancy, and the flexibility of being fully vacant, this is a rare opportunity for investors to set their own rents or for end users looking to capitalize on an incredible location. Book your private showing today!

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Apartment
Style2-Storey
Approx. Age16-30
Size1000-1199 sq. ft.
Maintenance Fees$571
LockerNone
BalconyNone
ExposureSouth
Parking TypeNone
Parking Spaces1
Parking FeaturesSurface
Property Tax$3,100
mls© NumberX13567938
Listed ByREAL BROKER ONTARIO LTD.
Water Included
Common Elements Included
Building Insurance Included
Parking Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,047
Property tax
$258
Heat allowance
$150
Condo fees, half counted
$286
Housing costs
$2,741 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $79,980
25-yr amortization

Income needed

$84,000

gross annual household income

Payment at 4%
$1,683 / mo
Cash down
$79,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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