TYPES

    There are several types of properties designated by the City of Waterloo recognized as student rental properties. In Waterloo a maximum of three people unrelated to the owner are permitted to live in the dwelling, anything above that must meet the city's zoning, fire code, building, parking, and electrical requirements. Properties with more than three tenants are called licensed lodging houses and there are two types with different requirements for each.

One applies to single-detached dwellings and the other to semi's, townhouses, or any other attached unit. A property can also have an 'accessory apartment' which creates a 2nd unit in the dwelling, allowing a total of six tenants. It is essential before you buy or sell that you understand the standards required.  See www.city.waterloo.on.ca

FACTORS AFFECTING VALUE

   As with all real estate the most important factor is location. The closer you are to the universities,  the higher the rent and the easier it is to rent. The type of property, condition, zoning, income, current tenants, and (it's worth mentioning twice) location,  all affect value.

MY SERVICES

    Whether you are buying or selling,  I have the knowledge and expertise to get you the best deal possible. Not only do I focus my business and maintain an extensive client base regarding these properties, I have also owned them. If you are buying, I can get the property that you want at the right price, help arrange financing, insurance, advise you on rent, tenancy ageements etc so that you can be operating as an effecient landlord right away. I am there after the sale to help you run your investment smoothly. If you are selling I will advise you how to prepare your property for market in order to maximize your selling price.

 If you have any questions or would like make an appointment to discuss the opportunites in student housing in greater detail, please contact me -  Marc Engel, via email  (marc@marcengel.ca) or at 519-885-0200