553 Teakwood Drive, Waterloo, Ontario N2L 4L5

Listed for:
$750,000
7 beds
2 baths
Listed 10 days ago
House for rent: 553 Teakwood Drive, Waterloo, Ontario N2L 4L5

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Learn more about this property
Listing provided by:
Keller Williams Innovation Realty
MLS® number:
40741045
Agent:
Kevin Reitzel
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About

Corner of Glen Forrest Blvd and Teakwood Dr Live in the upper level and rent out 4 bedrooms on the lower level. You have options with the current Class A - 3 bedroom rental licence for the upper level . Class A - 4 bedroom rental licence for the lower level. This unique property stands out as a perfect choice for investors, offering a smart way to manage living arrangements while expanding your investment portfolio. —Highlights— • Design: A well-planned 3-bedroom bungalow complemented by a secondary 4-bedroom basement unit, featuring a separate side entrance for privacy and independence • Capacity: Boasting total 7 bedrooms in total, this property is well-equipped to accommodate a significant number of tenants • Amenities: 2 fully functional kitchens, spacious living areas, and separate laundry facilities cater to all the needs of student life • Location: Nestled in a quiet, safe residential neighbourhood, this property ensures a peaceful study environment • Accessibility: Just a 5-minute bus ride to the University of Waterloo, with the #9 bus stop right outside the front door. For those who prefer walking, the university is a comfortable sub-30-minute stroll away • Convenience: Grocery, drugstores, and restaurants are within a 2km radius; a breezy 18-minute bus ride. Conestoga Mall and transit links are 20 mins • Maintenance: The property is neat, tidy, and has been meticulously maintained, ensuring a hassle-free investment • Parking: A double-wide driveway provides ample space for up to 4 vehicles • Outdoors: A sizable yard, perfect for al-fresco study sessions, summer barbecues, and various lawn games • Additionally, a free-standing shed offers convenient bicycle storage. This property is not just a residence; it's a lifestyle choice for students seeking convenience, comfort, and a sense of community. As an investor, you're not just offering a place to stay; you're creating a home away from home for students, with the added benefit of a robust investment in one of Ontario's thriving educational hubs. (id:27476)

Property Highlights

MLS® Number
40741045
Type
Single Family
Ownership Type
Freehold
Land Size
under 1/2 acre
Parking Space Total
4

Building

Building Type
House
Storeys
1.00
Square Footage
2022 sqft
Bathrooms Total
2
Bedrooms Above Ground
3
Bedrooms Total
7
Amenities
Park, Public Transit, Schools, Shopping
Exterior Finish
Brick Veneer, Vinyl siding
Fireplace Present
No
Basement Type
Full (Finished)
Basement Features
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
None

Utilities

Water
Municipal water
Utility Sewer
Municipal sewage system

Room Layout

Utility room
Basement
11'9'' x 8'9''
Bedroom
Basement
11'0'' x 9'3''
Bedroom
Basement
10'10'' x 11'3''
Bedroom
Basement
11'9'' x 10'8''
Bedroom
Basement
12'2'' x 10'8''
4pc Bathroom
Basement
10'7'' x 4'11''
Family room
Basement
7'10'' x 7'7''
Dinette
Basement
12'10'' x 7'10''
Kitchen
Basement
9'2'' x 7'8''
4pc Bathroom
Main level
7'7'' x 5'0''
Primary Bedroom
Main level
11'7'' x 11'1''
Bedroom
Main level
10'8'' x 8'5''
Bedroom
Main level
11'11'' x 8'9''
Kitchen
Main level
15'10'' x 9'11''
Living room
Main level
16'0'' x 11'0''

Location