




266 Hazel Street
, Waterloo
$1,296,000
A rare three-property land assembly in one of the closest residential pockets to Wilfrid Laurier University. Steps to campus and situated on a direct GRT bus route to the University of Waterloo, this is one of the most convenient student-housing locations in the city. The assembly is currently configured for 22 rooms across the three properties, arranged as 6 separate self-contained units, each with its own bathroom, kitchen and common area - a proven, income-generating layout with exceptional walkability to both campuses, transit, shopping and amenities. With future development potential on a very manageable scale - a sensible, achievable build rather than an outsized or overly ambitious project, with possible expansion to neighbouring properties - this is an outstanding holding for investors and developers seeking scale, steady student-rental income, and long-term appreciation in Waterloo's University District. 262,264, 266 Hazel must be purchased together.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $5,727 |
| Lot Size | 49 ft x 110 ft |
| mls© Number | X13585086 |
| Listed By | RE/MAX REAL ESTATE CENTRE INC. |
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%
- $6,634
- Property tax
- $477
- Heat allowance
- $150
- Housing costs
- $7,261 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$223,000
gross annual household income
- Payment at 4%
- $5,454 / mo
- Cash down
- $259,200
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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