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 (id:38551)
Features
- Wooded Area
Location
Details
265 Glenridge Drive, , Waterloo
-
Land
81.10 X 151.27 from Back
45 x 151.3 FT -
Bedrooms
Above Grade: 5 Below Grade: 6
11 -
Bathrooms
6 + 1 Half -
Parking
No Garage
4
Rooms
265 Glenridge Drive, , Waterloo
-
Kitchen
basement
3.1 m x 3.5 m -
Bedroom
basement
3.5 m x 3.1 m -
Bedroom
basement
3 m x 3 m -
Bedroom
basement
3 m x 3 m -
Bedroom
basement
3.1 m x 3 m -
Bedroom
basement
2.85 m x 2.88 m -
Bedroom
basement
3.3 m x 3.2 m -
Kitchen
main level
4.67 m x 3.88 m -
Living Room
main level
5.66 m x 4.01 m -
Primary Bedroom
main level
3.68 m x 3.47 m -
Bedroom 2
main level
3.25 m x 2.46 m -
Bedroom 3
main level
3.35 m x 3.02 m -
Eating Area
main level
3.2 m x 3 m -
Bedroom 4
main level
3.02 m x 3.1 m -
Bedroom 5
main level
3.03 m x 3.2 m
Green Hedge Realty Inc., Brokerage
Green Hedge Realty Inc., Brokerage is a full-service real estate brokerage offering traditional MLS® REALTOR® representation services at reduced commission rates.
Buyers receive approximately 1.5% cash back after closing, depending on what REALTOR® cooperating commission is offered by the seller. Sellers pay 1% one percent plus the commission they choose to offer to the co-operating REALTOR® representing the buyer.
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