Waterloo Multi-Family Properties for Sale

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Newest Waterloo Multi-Family Homes for Sale

$2,365,000

40489703 MLS

SOLID and Well cared for purpose built 9-PLEX. GREAT Multi-Family Investment Property with outstanding income & 4.15% Cap rate. All units occupied. RMU40 zoning, concrete construction comprised of 8x2 bedroom units and 1x1 bedroom unit. Gas boiler heat, one hydro meter. 13 parking spaces. Assumable fixed rate mortgage for 2.5 years at 3.09%!!! Excellent turn key investment in great area close to ION transportation, access to Highway 7/8, Universities, Conestoga mall shopping, amenities and parks. The location does not get much better than this in Waterloo Region. Reach out to Listing Realtors for a copy of financial brochure.

616 Silverbirch Road, Waterloo

Listing courtesy of ROYAL LEPAGE WOLLE REALTY.

$859,000

7 Beds ⋅ 2 Baths ⋅ 40491735 MLS

Great location, minutes to University of Waterloo and Wilfred Laurier University, very well maintained. Updated roof and furnace, highly sought after 7 bedroom house, 2 separate units, with parking for 6, licensed with the City of Waterloo. Fully furnished with 2 new Maytag Stoves, 2 new stainless steel range hoods and a washer and dryer, new roof and gutter guards in 2020. Currently rented.

10 Cardill Crescent, Waterloo

Listing courtesy of RE/MAX Real Estate Centre Inc..

$1,580,000

14 Beds ⋅ 5 Baths ⋅ 40490976 MLS

Nearly $112,000 Projected Gross Annual Income Available Here! This triplexed building is located just a two minute walk to to Wilfrid Laurier University, a quick walk to the vibrant amenities of Uptown and an easy walk to University of Waterloo. This building comes to you with three City-approved, rental licenses issued by City of Waterloo. Located on a street with properties that are predominantly owned by large multi-residential rental service providers, this is a rare opportunity for the private sector investor! Unit A has seen thousands of dollars in recent renos before going to market with some newer flooring and paint. Unit B still has opportunity to further increase annual rental income to market rents and increase revenue substantially on tenant departure (by about $10,000+ per annum). Unit C shows particularly well with large common area and eat in kitchen. All units have generously sized common areas, in suite laundry and spacious bedrooms with individual temperature control. Thoughtfully designed with a compelling unit mix of 3, 5, and 6 bedroom units. Ample parking. Note individual electrical meters! Opportunity on Units B and C to move electrical costs to tenant on re-rental. Roof done in 2022! This money maker will work well for: savvy investor looking for a foothold in lucrative Waterloo rental market, parent investor that seeks the ultimate location for their university bound child or even a university employee that wants to live close to work and generate mortgage helper income through the other units. Zoning may also provide future development opportunity when combined with adjacent properties. Rare opportunity that provides positive cash flow with 35% down - with more upswing still available. Investor work sheet available to show how this property can work for you! Let's book a viewing of 311 Spruce Street with me - or your favourite REALTOR - today!

311 Spruce Street, Waterloo

Listing courtesy of ROYAL LEPAGE GRAND VALLEY REALTY.

$5,499,999

46 Beds ⋅ 16 Baths ⋅ 40478857 MLS

Calling all astute real estate investors! Here's your ticket to unlock a remarkable student rental investment opportunity at 419 Hazel Street. This property shines with 46 units, including 15 sought-after 3-bedroom units and a cozy 1-bedroom unit. Its location, just 1.2 kilometers from the University of Waterloo, 1 kilometer from Wilfrid Laurier University, and 2.0 kilometers from Conestoga College, positions it as a prime player in the lucrative student housing market. But what truly sets this property apart is the growth potential this investment holds. The current rental rates are already enticing, making it an excellent prospect for calculating cap rates and cash flow returns. However, here's where the real opportunity exists: the rents are presently below market value with a turnover of 20-30% annually. This presents a distinct and unparalleled opportunity for investors like you to elevate your long-term returns. Picture this: as tenants naturally turnover, you have the unique ability to gradually adjust rents to align with market rates. This strategic move ensures progressively increasing cash flow over time, essentially turning this property into a cash cow. In a market where listings for student housing are as rare as this one, seizing this chance to invest in the future is not just a recommendation; it's a financial imperative. Act decisively to incorporate this gem into your investment portfolio, and witness your returns flourish as the market catches up with your astute investment strategy. Investors, take note – this is your ticket to success in the thriving Waterloo student rental market. Don't let this opportunity slip away. Take the next step to delve deeper into this exceptional investment opportunity, and let's pave the way for your prosperous future in real estate.

419 Hazel Street, Waterloo

Listing courtesy of KELLER WILLIAMS INNOVATION REALTY.

$13,499,999

109 Beds ⋅ 59 Baths ⋅ 40478738 MLS

Uncover an extraordinary student rental investment opportunity at 400 Albert St, Waterloo. This property is a rare multi-unit treasure that holds immense financial potential for savvy investors. Comprising an impressive 109 units, this real estate gem features a diverse mix of accommodations, including 26 spacious 4-bedroom units, a generous 3-bedroom unit and a cozy 2-bedroom unit. The location is nothing short of ideal, situated just 1 kilometer from the renowned University of Waterloo, 950 meters from Wilfrid Laurier University and a short 2.1 kilometers from Conestoga College. What sets this property apart from the competition? It's the unique combination of factors that make this investment a standout. First, the numbers: The current rental rates are already attractive for seasoned investors seeking to calculate cap rates and cash flow returns. These figures alone would capture the attention of any investor. However, what truly elevates this investment to the next level is the fact that these rents are currently below market value. This presents a golden opportunity for savvy investors to maximize their long-term returns. Long-term potential: Beyond the immediate financial gains, the long-term potential of this investment is where it truly shines. With tenant turnover rates approximately 25-35% per year, you have the unique advantage of adjusting rents upward as turnover occurs, thereby optimizing your income. This not only ensures a steady cash flow but also allows you to offer quality housing to students from three prestigious institutions, enhancing the desirability of your units in the long run. These real estate investment opportunities are rare. The potential for substantial returns, both now and in the future, makes 400 Albert St an essential addition to your investment portfolio. Act quickly, book a showing and secure this ticket to supercharging your real estate portfolio and unlocking a future filled with financial success and growth.

400 Albert Street, Waterloo

Listing courtesy of KELLER WILLIAMS INNOVATION REALTY.

$2,498,000

12 Beds ⋅ 5 Baths ⋅ 40477963 MLS

Compelling Opportunity! Two buildings situated on three lots in perhaps the most exciting area in Waterloo! Looking for live-work space with income and parking? Or perhaps an infill project/redevelopment site? This site truly has it all. Situated steps to Waterloo Park's LRT station (about 100 meters) and in front of the Barrel Works Development, this IS the most intriguing site in Waterloo on the market. Uptown Waterloo, with its shops and nightlight, Waterloo Park and Waterloo Rec Centre are quick walks away. Both universities are accessible by LRT - just a stop away! CIGI across the street. Perimeter Institute and Clay and Glass museum around the corner. 116 Erb is a mixed use building featuring commercial on main floor and a residential unit above. This building could be ideal as live-work space - in a very convenient, very high-profile area. Recent improvement includes new asphalt in parking lot and re-grading. 110-114 Erb presents as a triplex and was previously rental licensed. Next owner can go to market rents immediately and can capitalize on perhaps the The Best Rental Market in Canada. This is a rare opportunity in the Uptown core. Why settle for a tertiary location when you can own The Best? Opportunity knocks - will you answer?

110-116 Erb W Street, Waterloo

Listing courtesy of ROYAL LEPAGE GRAND VALLEY REALTY.

$988,500

2 Beds ⋅ 2 Baths ⋅ 40474116 MLS

** STUNNING 2 UNIT BEAUTIFULLY FINISHED PROPERTY COMES COMPLETELY FURNISHED & FULLY RENTED ** Ideally suited for an Owner and a reliable professional tenant, this recently renovated (2021), beautiful 2 unit property netted over $37,000 in 2022. These professionally finished fully-furnished units feature hardwood and ceramic flooring, crown molding, gorgeous custom-built kitchens with custom cabinetry, quartz hard surface counters and more. Each tenants is provided with a secure outdoor storage shed, free parking (7 spots in total), barbecuing facilities and outdoor dining/lounging areas. Close proximity to beautiful Breithaupt Park & Bush, the Breithaupt In-Door Pool Aquatic Centre, and Uptown Waterloo with its excellent eateries and shopping. Perfectly located within walking distance of Uptown Waterloo's fine restaurants and entertainment with excellent access to the Conestoga Parkway Expressway and public transit. Both a complete and detailed "Renovation History" list and the "2022 Actual Statement of Rental Income & Expenses" for this property are available upon request. Offers may be presented anytime with a 24 hour irrevocable please... Don't delay - Book your private showing today...

255 Erb E Street, Waterloo

Listing courtesy of EXP REALTY.

$1,999,000

16 Beds ⋅ 8 Baths ⋅ 40468417 MLS

Location, location! Don't miss out on this great investment opportunity in the sought after North Ward in Waterloo. This one owner solid concrete block and brick construction 8 plex is close to both Universities, LRT, shopping, Laurel Creek Conservation Area and Trails, schools, St. Jacobs Farmers Market and Highway 85. All eight units feature 2 bedrooms. Six units have balconies. Three units will be vacant on closing. Two units are currently under renovation. Brand new windows/patio doors in all units and hallway windows installed in July 2023. Building is on a large lot with ample parking. Opportunities like this are rare and don't come around very often - call your Realtor for your private viewing.

705 Glen Forrest Boulevard, Waterloo

Listing courtesy of KELLER WILLIAMS INNOVATION REALTY.

$849,900

4 Beds ⋅ 4 Baths ⋅ 40467758 MLS

Presenting a timeless masterpiece crafted during the esteemed Arts and Crafts era, this exceptional residence stands as a testament to enduring quality. Nestled within a neighbourhood renowned for its distinctive and diverse landscape, this abode exudes an air of sophistication and charm. Poised amidst elegant family homes,it also boasts the coveted proximity of being mere steps away from the LRT, Laurier, U of W, Waterloo Park,The Waterloo library, and the vibrant array of shops and dining in Uptown Waterloo. From the moment you step inside, the character of this home envelops you, beginning with the sprawling veranda that welcomes you with open arms. Adorned with lovingly maintained woodwork that embellishes the interior décor, each detail contributes to the overall ambiance. As you enter the foyer, you are greeted by a space that allows for effortless interaction while changing over a quick load of laundry. The primary unit, spanning the main floor of the house, is Vacant and available for immediate Occupancy allowing you to set your own rents. Meanwhile, the upper floors are occupied and boast 3 more bedrooms and 3 more bathrooms offering a decent additional revenue. Additionally, the basement boasts a separate entrance at the rear of the home and will be available vacant before closing. For those seeking a prudent investment in real estate, this remarkable opportunity presents itself.

72 Dorset Street, Waterloo

Listing courtesy of RE/MAX SOLID GOLD REALTY (II) LTD..

$1,290,000

10 Beds ⋅ 2 Baths ⋅ 40449602 MLS

Strategic piece of land for future development in an area with very limited opportunities left for development. Currently two 5 bedroom units, each with it's own kitchen, nicely finished. Highly desirable location from the perspective of a student to live with its excellent location to both universities. As per the City of Waterloo's future development plans Hickory St., will become a main artery/thoroughfare straight thru to Philip St.

43 Hickory W Street, Waterloo

Listing courtesy of RE/MAX Real Estate Centre Inc..

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