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    For Sale - 139 Elgin Crescent, Waterloo, Ontario

    Est payment $4,801/mo
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    Time on Jump  1 days

    AI Summary *

    • Turnkey investment with strong cash flow and excellent tenant quality.
    • Fully leased 3+3 bedroom property, generating $5,970 monthly until 2027.
    • Two self-contained units, perfect for student rentals near local universities.
    • Numerous updates including roof, plumbing, and durable flooring throughout.
    • Great location within walking distance to amenities, shops, and transit.




    Nvestor alert - rare opportunity to acquire a fully stabilized, rental licensed 3+3 bedroom property in one of waterloo's most proven rental locations. Welcome to 139 elgin crescent, a turnkey income-producing asset offering the combination investors are actively seeking: strong cash flow, excellent tenant quality, and long-term income certainty. The property is fully leased under a multi-year agreement through to at least april 30, 2027, generating $5,970 per month plus utilities ($71,640 annually), providing immediate cash flow with virtually no leasing risk. This home with registered accessory apartment features two self-contained 3-bedroom units, each with its own kitchen and bathroom, making it ideally configured for the waterloo student rental market. Situated on a mature 50 foot x 127 foot lot within walking distance of wilfrid laurier university, the university of waterloo, uptown waterloo, shopping, restaurants, transit and everyday amenities, the location has consistently demonstrated strong tenant demand. The property has benefited from numerous updates over the years, including roof, furnace, air conditioning, wiring, plumbing and bathroom updates. Recently completed vinyl plank flooring throughout the main floor living room, hallway and all three upstairs bedrooms provides a fresh, modern appearance while offering the durability investors appreciate. Additional features include large basement egress windows, shared laundry, an attached garage (real bonus in this area), double-wide driveway parking, fenced backyard and an expansive stone patio. Whether you're expanding an existing portfolio or seeking a dependable hands-off investment in one of ontario's perennially strongest rental markets, this is a rare opportunity to acquire a fully licensed, fully leased, and professionally maintained rental asset with predictable income already secured well into 2027. A true turnkey investment-buy today and collect strong rent tomorrow.
    Listing IDX13522576
    Address139 Elgin Crescent
    CityWaterloo, Ontario
    Price$999,900
    Bed / Bath6 / 2 Full
    StyleBungalow, Duplex
    ConstructionBrick Veneer, Shingle
    Land Size6382
    TypeMulti-Family
    StatusFor Sale

    Subtype DuplexIndoor Features Accessory Apartment, Carpet Free, In-Law Suite, In-Law Capability, Primary Bedroom - Main Floor, Water Heater Owned, Water SoftenerOwnership FreeholdWaterfront NoneBasement Walk-Up, Finished, Separate EntranceFoundation ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

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    Listing Agency:  ROYAL LEPAGE WOLLE REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    139 Elgin Crescent
    Waterloo , Ontario
    6 2 $999,900
    Get more info