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$938,000
Status: For Sale
Prime Investment Opportunity – 5-Bedroom Licensed Rental with Future Development Potential!This rare 5-bedroom, 3-full-bath single detached home is a turnkey investment featuring a single deep garage with 4 parking spaces in the driveway. Holding a Class D - Class 2 rental license and located just minutes from two major universities, this property is ready for immediate rental income. Recent upgrades include 2019 air conditioners and a hot water heater, as well as bathroom sink updates from 2019-2020. The home also offers a main floor office for remote work and boasts new flooring in the third-floor bedrooms, while an insulated garage door adds to its energy efficiency.Incorporated with the city’s “Missing Middle” housing initiative, this property is currently undergoing a zoning change that will allow for multi-unit development, unlocking exciting opportunities for expansion or redevelopment. Don’t miss this unique chance to secure a high-demand rental in a prime location with significant future value potential!For more details on the zoning changes, visit: Waterloo HAF Initiative.
| Property Type | :Residential |
|---|---|
| MLS Number | :40708528 |
| Listing Type | :Sale |
| Property Age | :51-99 Years |
| Possession Date | : |
| Last Updated | :20 Mar, 2025 (16 Days ago) |
| Source | :Waterloo Region |
| Area | :Waterloo |
|---|---|
| City | :Waterloo |
| Area Major | :4 - Waterloo West |
| Area Minor | :421 - Lakeshore/Parkdale |
| Postal Code | :
N2L 3X8
|
| Directions | :Columbia St W to Hazle St to High St. |
| Price | : $938,000 |
|---|---|
| Property Taxes | :$6706 |
| Tax Year | :2024 |
|---|
| Bedrooms | :5 + |
|---|---|
| No. of Rooms | :12 |
| Air Conditioning | :Central Air |
| Heating | :Electric |
| Cross Street | :Hazel St. |
| Bathrooms | :3 |
|---|---|
| Approx Square Footage | :2214 sqft |
| Living Room | :5.44 m x 5.18 m |
|---|---|
| Bedroom | :3.40 m x 3.96 m |
| Office | :2.36 m x 1.98 m |
| Bedroom | :3.81 m x 3.84 m |
| Dining Room | :5.23 m x 3.38 m |
|---|---|
| Bedroom | :2.72 m x 3.96 m |
| Kitchen | :5.05 m x 2.84 m |
| Bedroom | :3.84 m x 3.05 m |
20 Mar, 2025
TREB #40708528
Listed
$938,000
