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Waterloo,ON N2J3W5
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $986
MLS Listing ID X12428614
Style Raised bungalow
Bedrooms 11
Half Baths 1
Property Sub-Type Freehold
Source Toronto Regional Real Estate Board
Property Description
Exceptional Investment Opportunity in the Heart of Waterloo! This rare LEGAL DUPLEX , is located in the core strip of Waterloo, making it an ideal choice for investors, professionals, or families looking to live mortgage-free while generating strong rental income.Perfectly situated near Waterloo University, Wilfrid L & St. Jerome Unersities and Conestoga College, with direct bus Route 202 access to all schools, this property offers both convenience and long-term rental demand.Key Features: 11 spacious bedrooms, 6 bathrooms, and 4 kitchens across four self-contained units, 800 sq. ft. permitted extension, completed a few years ago with full City approval , Approved rental license from the City of Waterloo , Separate laundry area for tenants convenience, 4 parking spots available, Roof replaced recently, with all equipment in excellent working condition, Consistently generating over $100,000 in gross annual income for the past three years. Potential to live in the main unit while renting out the other three units, earning approximately $6,000/month in rental income. This property has been professionally managed and well-maintained by the owner, ensuring a smooth transition for the next investor. Whether youre seeking a high-yield rental property or an opportunity to live comfortably while your tenants cover the mortgage, this home is a must-see investment in Waterloos thriving student market. Walk Out Legal Basement (id:24570)
Location
Province ON
Rooms
Kitchen 2.0
Extra Room 1 Basement 3.1 m X 3.5 m Kitchen
Extra Room 2 Basement 3.5 m X 3.1 m Bedroom
Extra Room 3 Basement 3 m X 3 m Bedroom
Extra Room 4 Basement 3 m X 3 m Bedroom
Extra Room 5 Basement 3.1 m X 3 m Bedroom
Extra Room 6 Basement 2.85 m X 2.88 m Bedroom
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 1
Sewer Sanitary sewer
Architectural Style Raised bungalow
Others
Ownership Freehold