553 Teakwood Drive, Waterloo, ON, N2L 4L5

MLS® # 40740879

Investment For Sale In Lakeshore, Waterloo, Ontario

$750,000

Details
Map
Demographics
Street View
Get Directions

553 Teakwood Drive, Waterloo, ON - Outdoor With Facade

553 Teakwood Drive, Waterloo, ON - Indoor

553 Teakwood Drive, Waterloo, ON - Indoor Photo Showing Kitchen

553 Teakwood Drive, Waterloo, ON - Indoor Photo Showing Dining Room

553 Teakwood Drive, Waterloo, ON - Indoor Photo Showing Living Room

553 Teakwood Drive, Waterloo, ON - Indoor Photo Showing Bedroom

553 Teakwood Drive, Waterloo, ON - Indoor Photo Showing Bathroom

553 Teakwood Drive, Waterloo, ON - Outdoor With Exterior

553 Teakwood Drive, Waterloo, ON - Other

553 Teakwood Drive, Waterloo, ON - Outdoor

Virtual Tour

Advertising

553 Teakwood Drive, Waterloo, ON, N2L 4L5

$750,000

Property Information:

7 bedroom licenced rental. Currently: 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, particularly those who are parents of university students, 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.

Inclusions: Other,2 Fridges, 2 Stoves, 2 Washers, 2 Dryers

Exclusions : Tenant's Belongings

Building Features:

Floor Space: 2021.69

Property Features:

Bedrooms: 7
Acres Range: < 0.5
Basement: Separate Entrance, Full, Finished
Built in: 1967
Construction Materials: Brick Veneer, Vinyl Siding
Cooling: None
Driveway Parking: Private Drive Double Wide
Floor Space (approx): 2021.69 Square Feet
Heating: Forced Air, Natural Gas
Interior Features: Other
Laundry Features: In-Suite
Lot Depth: 59.93 Feet
Lot Features: Open Spaces, Park, Public Transit, Schools
Lot Frontage: 82.18 Feet
Other Structures: Shed(s)
Parking Features: Asphalt, Gravel
Roof: Asphalt Shing
Water Source: Municipal
Zoning: R1
Sewer: Sewer (Municipal)
No. of Parking Spaces: 4

Courtesy of: Keller Williams Innovation Realty, KELLER WILLIAMS INNOVATION REALTY

Data provided by: Kitchener-Waterloo Association of REALTORS® 540 Riverbend Drive, Kitchener, Ontario N2K 3S2
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

Access to Sold Data on this website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of residential real estate.

More Detail

Less Detail

Sales/Price History

Market Price Trends

Location of 553 Teakwood Drive, Waterloo, ON, N2L 4L5

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

34 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

34 hot days expected in 2050

51/100

Moderate

ClimateCheck®

Current data

This property, 553 Teakwood Drive , experiences 7 hot days per year at around 30.5 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 34 hot days at 34.1 degrees Celsius.

Projected Avg. Temperature

Past

30.5℃

2050

34.1℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

63/100

Moderate-High

ClimateCheck®

Current data

This property, 553 Teakwood Drive , experiences 11 significant 2-day storms per year, with about 321mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 397.7mm of precipitation per year.

Precipitation Per Storm

Past

321mm

2050

397.7mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

More Detail

Less Detail

Demographic Information of 553 Teakwood Drive, Waterloo, ON, N2L 4L5

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$113,446.98

Average Number of Children

1.70

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

13.61 %

High school certificate or equivalent

26.6 %

Apprenticeship trade certificate/diploma

6.81 %

College/non-university certificate

19.6 %

University certificate (below bachelor)

0.39 %

University Degree

33.0 %

Commuter

Travel To Work

By Car

88.38 %

By Public Transit

0.03 %

By Walking

0.59 %

By Bicycle

3.55 %

By Other Methods

7.45 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

0.04 %

Houses

99.96 %

Own Vs. Rent

More Detail

Less Detail

Property Information:

Building Features:

Property Features:

Sales/Price History

Market Price Trends

Location of 553 Teakwood Drive, Waterloo, ON, N2L 4L5

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 553 Teakwood Drive, Waterloo, ON, N2L 4L5

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

553 Teakwood Drive, Waterloo, ON, N2L 4L5

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Log In

Create an account to:

Create Account

Complete Account Verification