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    For Sale - 19 James Street, Waterloo, Ontario

    Est payment $6,002/mo
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    Time on Jump  3 day

    AI Summary *

    • Rare triplex in a prime location near Wilfrid Laurier University.
    • Strong annual income with potential for future rent optimization.
    • Three self-contained units with a total of 11 bedrooms.
    • Ample parking available for up to six vehicles.
    • Zoning allows for potential redevelopment or intensification in the future.




    $91,000+ gross annual income available here! Rare university district triplex with strong income and future upside! Opportunities like this are increasingly difficult to find in waterloo's highly sought-after rental market. Located on a cul-de-sac that is about a one minute walk to wilfrid laurier university's science building and a quick e-scooter ride to university of waterloo, this money maker is also in close proximity to all amenities that make waterloo great (uptown waterloo with its boutiques and bars). This city approved, rental licensed building offers investors an exceptional combination of location, income, and long-term potential. The property features three self-contained units with a desirable mix of two 3-bedroom units and one 5-bedroom unit, for a total of 11 bedrooms. Combining the charm and character of a century home with a purpose built addition, this property features spacious layouts, generous bedroom sizes, in-suite laundry, and ample on-site parking for up to six vehicles - note both the independent driveway as well as surface parking. With strong day one cash flow, future turnover may offer investors opportunities to further optimize rents and improve returns. Separate hydro and gas meters create additional expense-management possibilities. At the property, look up and note the institutional-quality developments across the street and at the corner. The property's rmu-30 zoning while being surrounded by undeveloped homes may also merit future consideration for redevelopment or intensification. I have owned property on this street - and you should too. Whether you're an experienced investor looking to expand your portfolio, a first-time multi-residential buyer seeking a foothold in waterloo's resilient rental market, or a parent investor planning ahead for university housing needs (send your kid to school and make money), 19 james street presents a compelling opportunity in one of the city's most desirable locations.
    Listing IDX14092196
    Address19 James Street
    CityWaterloo, Ontario
    Price$1,249,900
    Bed / Bath11 / 4 Full
    StyleOther, Triplex
    ConstructionBrick, Vinyl Siding
    Land Size0.15
    TypeMulti-Family
    StatusFor Sale

    Subtype TriplexIndoor Features Separate Hydro Meter, Separate Heating ControlsOwnership FreeholdAppliances NoneBasement Partially FinishedFoundation Concrete, StoneHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

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    Listing Brokerage: 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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    19 James Street
    Waterloo , Ontario
    11 4 $1,249,900
    Get more info