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 (id:4069)
Address
265 GLENRIDGE DRIVE
List Price
$1,479,999
Property Type
Single Family
Type of Dwelling
House
Style of Home
Raised bungalow
Transaction Type
Sale
Area
Ontario
Sub-Area
Waterloo
Bedrooms
11
Bathrooms
6
Floor Area
1500 - 2000 Sq. Ft.
Lot Size
45 x 151.3 FT ; 81.10 X 151.27 from Back Sq. Ft.
MLS® Number
X12428614
Listing Brokerage
RE/MAX CHAMPIONS REALTY INC.
Basement Area
N/A, N/A (Finished)
Postal Code
N2J3W5
Zoning
RES
Features
Wooded area
