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Royal LePage
Royal LePage
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$3,650,000

Waterloo ON, N2J 1V3

MLS® # X12315782

Property Information:

Welcome to 275, 277, and 279 Herbert Street in Waterloo - an outstanding turnkey purpose-built three Building Apartment complex nestled in one of Waterloos sought-after neighbourhoods. This investment opportunity features two 6-plex buildings and one 5-plex building, offering a total of 17 fully leased units with a solid rental history and strong income potential. Located within walking distance to Grand River Hospital (now known as Waterloo Regional Health Network at Midtown), multiple LRT stops, a variety of shops, cafes, and popular restaurants, this well-maintained property blends urban convenience with long-term investment stability. Residents enjoy easy access to public transit, parks, schools, and Waterloos vibrant core - making this an attractive address for Tenants of all ages. The unit mix features one Bachelor Unit, six One-Bedroom Units, nine Two-Bedroom Units, and one Three-Bedroom Unit. Each Building has been well maintained, and each is equipped with on-site Laundry facilities for Tenant convenience, and the property includes a detached Garage with four rentable parking spaces, providing additional monthly income. This is a turn-key investment with low vacancy rates, reliable Tenants, and a steady cash flow with great potential for future value appreciation, all located in a thriving and growing City known for its flourishing Tech industry and Universities. Whether you're a seasoned Investor, new to Multi-Residential ownership, or looking for a possible future Redevelopment opportunity, this property offers the perfect blend of location, stability, and upside. Don't miss your chance to own a strategic income-generating asset in the ever-expanding Waterloo market. (id:7525)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Basement Type: Full
  • Exterior Finish: Brick
  • Floor Space: 5000 - 100000 sqft
  • Heating Type: Baseboard heaters
  • Heating Fuel: Other
  • Appliances: Water softener

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 28
  • Bathrooms: 17
  • Amenities Nearby: Hospital, Park, Schools, Public Transit
  • Features: Irregular lot size
  • Floor Space (approx): 5000 - 100000 Square Feet
  • Irregular: Yes
  • Lot Depth: 195.3 Feet
  • Lot Frontage: 229.5 Feet
  • Lot Size: 229.5 x 195.3 FT
  • Zoning: R9
  • Sewer: Sanitary sewer
  • Parking Type: Detached garage, Garage
  • No. of Parking Spaces: 17

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 275-279 HERBERT STREET, Waterloo, Ontario, N2J 1V3

Demographic Information of 275-279 HERBERT STREET, Waterloo, Ontario, N2J 1V3

Life Stage

Later Years

Employment Type

Service Sector/White Collar

Average Household Income

$133,062.50

Average Number of Children

1.53

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

9.9 %

High school certificate or equivalent

20.19 %

Apprenticeship trade certificate/diploma

2.71 %

College/non-university certificate

17.82 %

University certificate (below bachelor)

1.54 %

University Degree

47.84 %

Commuter

Travel To Work

By Car

67.65 %

By Public Transit

10.89 %

By Walking

12.33 %

By Bicycle

3.96 %

By Other Methods

5.17 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

73.01 %

Houses

26.99 %

Own Vs. Rent

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