19 James Street,Waterloo, ON N2J 2S8
Waterloo, ON N2J 2S8
Description
$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.
Details
| MLS # | X14092196 |
|---|---|
| Listing Type | For Sale |
| Style | Other |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 10 |
| Listing Provided By | ROYAL LEPAGE WOLLE REALTY | X14092196 356100 |
Features
| Bed(s) | 11 |
|---|---|
| Bath(s) | 4 |
| Basement | Y |
| Acreage | 0.15 |
Interior
| Interior Features | Separate Hydro Meter, Separate Heating Controls |
|---|---|
| Lease To Own Equipment | None |
| Cooling | None |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Concrete, Stone |
| Construction Materials | Brick, Vinyl Siding |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Private Double, Other |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 6674.34 |
|---|---|
| Tax Legal Description | LT 7 PL 97 CITY OF WATERLOO; PT LT 3 PL 494 CITY OF WATERLOO AS IN 1469404; WATERLOO |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| County | Waterloo |
| City | Waterloo |
| Postal Code | N2J 2S8 |
| Listing VS Median (in N2J 2S8) | |
Price: $1,249,900 low | high Med: $0 On site: 10 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Waterloo |
| City | Waterloo |
| Postal Code | N2J 2S8 |
| Listing VS Median (in N2J 2S8) | |
Price: $1,249,900 low | high Med: $0 On site: 10 low | high Med: | |
