Size
-
Lot size
8547 sqft
Street frontage
-
Possession
2025-12-24
Price per sqft
$740 - $987
Taxes
$2,400 (2025)
Parking Type
-
Style
Bungalow-Raised
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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 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 the other unit, 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
Broker: RE/MAX CHAMPIONS REALTY INC.
MLS®#: X12428614
Property details
Parking:
4
Parking type:
-
Property type:
Detached
Heating type:
Forced Air
Style:
Bungalow-Raised
MLS Size:
1500-2000 sqft
Lot front:
45 Ft
Lot depth:
151 Ft
Listed on:
Sep 26, 2025
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Rooms
| Level | Name | Size | Features |
|---|---|---|---|
Main | Kitchen | 15.3 x 12.7 ft | |
Main | Bedroom 4 | 9.9 x 10.2 ft | |
Main | Living Room | 18.6 x 13.2 ft |
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Instant estimate:
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$74,255
lower than listed pricei
High
$1,456,882
Mid
$1,405,744
Low
$1,305,864
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