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, Waterloo
$745,000
Turnkey Duplex Investment in a Prime Waterloo Location! Situated on an expansive 62' x 147' mature lot, this well-maintained legal duplex offers an exceptional opportunity for investors and owner-occupiers alike. Located just 3 minutes from the University of Waterloo, Wilfrid Laurier University, and the Waterloo Technology Park, this property benefits from strong, year-round rental demand driven by students and professionals. The legal basement apartment is separately rented, providing immediate income potential, while the upper unit offers additional rental income or the flexibility for owner occupancy. The large, tree-lined backyard features two storage sheds, adding valuable storage space, and the property offers parking for up to five vehicles. With easy access to major highways, top educational institutions, and Waterloo's thriving tech corridor, this is a rare opportunity to own a turnkey income property in one of the region's most desirable investment locations.
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| Type | Detached |
| Style | Backsplit 4 |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $4,583 |
| Lot Size | 62.06 ft x 146.8 ft |
| mls© Number | X13536140 |
| Listed By | RE/MAX SUCCESS REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,813
- Property tax
- $382
- Heat allowance
- $150
- Housing costs
- $4,345 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$134,000
gross annual household income
- Payment at 4%
- $3,135 / mo
- Cash down
- $149,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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