Welcome to 275, 277, and 279 herbert street in waterloo - an outstanding turnkey purpose-built three building apartment complex nestled in one of waterloos sought-after neighbourhoods. This investment opportunity features two 6-plex buildings and one 5-plex building, offering a total of 17 fully leased units with a solid rental history and strong income potential. Located within walking distance to grand river hospital (now known as waterloo regional health network at midtown), multiple lrt stops, a variety of shops, cafes, and popular restaurants, this well-maintained property blends urban convenience with long-term investment stability. Residents enjoy easy access to public transit, parks, schools, and waterloos vibrant core - making this an attractive address for tenants of all ages. The unit mix features one bachelor unit, six one-bedroom units, nine two-bedroom units, and one three-bedroom unit. Each building has been well maintained, and each is equipped with on-site laundry facilities for tenant convenience, and the property includes a detached garage with four rentable parking spaces, providing additional monthly income. This is a turn-key investment with low vacancy rates, reliable tenants, and a steady cash flow with great potential for future value appreciation, all located in a thriving and growing city known for its flourishing tech industry and universities. Whether you're a seasoned investor, new to multi-residential ownership, or looking for a possible future redevelopment opportunity, this property offers the perfect blend of location, stability, and upside. Don't miss your chance to own a strategic income-generating asset in the ever-expanding waterloo market.
Listing IDX12315782
Address275-279 Herbert Street
CityWaterloo, Ontario
Price$3,650,000
Bed / Bath28 / 17 Full
StyleOther, Multiplex
ConstructionBrick
TypeMulti-Family
StatusFor Sale
