14 YOUNG Street W

About this home.

Prime university-area 4-plex (no licence required) steps to Wilfrid Laurier University and ~10 minutes to University of Waterloo—an ideal blend of an established building with significant modern mechanical updates. Featuring 1 x 3BR, 2 x 2BR, 1 x 1BR apartments with 2 vacant units for immediate upside, 3rd unit will be vacant at the end of May one of the nicest spacious updated units. Key improvements include a new electrical panel for each unit with updated wiring in many areas, plus extensive plumbing updates (water supply and drain/waste components improved), helping reduce the typical maintenance concerns found in older properties. Additional upgrades include Marvin windows, new eavestroughs, and exterior/porch updates. Updated kitchens, baths, and flooring in 3 units; the two-level 3BR offers added value with room to personalize. Basement equipped with sprinklers to meet fire code. Walk to Uptown amenities and ION LRT. Parking for up to 6, treed yard, and ample storage. (id:59491)

The full record.

How this listing prices against Beechwood/University.

Beechwood/University was highly supplied this period, with 13 sales against 98 active listings, one of the loosest inventory setups in Waterloo. The average sale price was $621,462, well below the city average, homes took 34 days to sell, and deals closed at 94.02% of list, all signs of a softer market overall. Activity split between 5 freeholds and 8 condos, but the overwhelming amount of condo inventory is what defines the neighbourhood right now. This is a market with lots of choice and clear pressure on sellers to price realistically.

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