45 High Street new Save Request In-Person Tour Request Virtual Tour
Waterloo,ON N2L 3X7
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,061 sqft
Price per Sqft $848
MLS Listing ID 40677374
Style Bungalow
Bedrooms 8
Full Baths 2
Abv Grd Liv Area 1,061
Originating Board Barrie
Annual Tax Amount $6,515
Property Description
Fantastic Investment Opportunity Prime Location Near Wilfrid Laurier University! This turnkey property is fully rented to a mix of students and working professionals, generating a strong and consistent rental income of $550 per room across 8 spacious bedrooms, totaling $52,800 annually. Located just 900 meters (a 10-minute walk) from Laurier University, and a short 15-minute bus ride to the University of Waterloo, this property offers exceptional rental demand in one of Ontario's top university towns. Significant recent updates include a fully renovated main floor bathroom (new shower, modern tile flooring, and toilet in 2023), as well as a beautifully refreshed basement bathroom with new modern tile flooring. The property also boasts brand-new plumbing throughout (2023) and a new AC/Heating system (2022) for year-round comfort. The detached garage, with a new roof (2022), offers additional storage or potential for extra income. Both units feature in-suite laundry, and the property is fully licensed with Class D2 (five bedrooms) and Class A3 (three bedrooms) rental licenses in place. This is an excellent, cash-flow-positive opportunity for investors looking to capitalize on the high demand for student and professional housing in this vibrant, high-traffic area. With the property fully rented and strong cash flow already in place, this is a rare chance to own a well-maintained, income-generating asset in a prime location. Investor worksheet available upon request.
Location
Province ON
County Waterloo
Area 4 - Waterloo West
Zoning R1
Direction High Street and Hazel Street - 15 minute walk to both University of Waterloo and Wilfrid Laurier University
Rooms
Basement Walk-Up Access,Full,Finished
Kitchen 2
Interior
Interior Features Accessory Apartment,In-Law Floorplan
Heating Forced Air,Natural Gas
Cooling None
Fireplace No
Appliance Dryer,Refrigerator,Stove
Laundry In-Suite
Exterior
Garage Detached Garage,Asphalt
Garage Spaces 1.0
Waterfront No
Roof Type Asphalt Shing
Lot Frontage 50.0
Lot Depth 130.0
Garage Yes
Building
Lot Description Urban,Rectangular,Public Transit,Schools
Faces High Street and Hazel Street - 15 minute walk to both University of Waterloo and Wilfrid Laurier University
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Architectural Style Bungalow
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 222770041
Ownership Freehold/None