back of house with stairs, a wooden deck, and a lawn Features: propane tank, lawn, deck More Photos

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    For Sale - 265 GLENRIDGE Drive, Waterloo, Ontario

    Est payment $7,336/mo
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    Views   1
    Time on Jump  148 day

    AI Summary *

    • Legal duplex in the heart of Waterloo, perfect for investors or families.
    • Close to multiple universities, ensuring strong rental demand and convenience.
    • Includes 11 spacious bedrooms and 6 bathrooms across two units.
    • Separate laundry area and four available parking spots for tenants.
    • Consistently generates over $100,000 in annual rental income.




    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
    Listing IDX12428614
    Address265 GLENRIDGE Drive
    CityWaterloo, Ontario
    Price$1,479,999
    Bed / Bath11 / 6 Full
    StyleBungalow-Raised, Detached
    ConstructionAluminum Siding, Brick
    Land Size8547
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features NoneOwnership FreeholdWaterfront NoneAppliances NoneBasement Apartment, Finished with Walk-OutFoundation Concrete BlockHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 4.00
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    Listing Agency:  RE/MAX CHAMPIONS REALTY INC.
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    265 Glenridge Drive
    Waterloo , Ontario
    11 6 $1,479,999
    Get more info