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Royal LePage
Royal LePage
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$3,250,000

275-279 HERBERT Street, Waterloo, Ontario, N2J 1V3

MLS® # 40755755

Waterloo ON, N2J 1V3

MLS® # 40755755

Property Information:

Welcome to 275, 277, and 279 Herbert Street in Waterloo – an outstanding turnkey purpose-built three Building Apartment complex nestled in one of Waterloo’s sought-after neighbourhoods. This investment opportunity features two 6-plex buildings and one 5-plex building, offering a total of 17 fully leased units with a solid rental history and strong income potential. Located within walking distance to Grand River Hospital (now known as Waterloo Regional Health Network at Midtown), multiple LRT stops, a variety of shops, cafes, and popular restaurants, this well-maintained property blends urban convenience with long-term investment stability. Residents enjoy easy access to public transit, parks, schools, and Waterloo’s vibrant core – making this an attractive address for Tenants of all ages. The unit mix features one Bachelor Unit, six One-Bedroom Units, nine Two-Bedroom Units, and one Three-Bedroom Unit. Each Building has been well maintained, and each is equipped with on-site Laundry facilities for Tenant convenience, and the property includes a detached Garage with four rentable parking spaces, providing additional monthly income. This is a turn-key investment with low vacancy rates, reliable Tenants, and a steady cash flow with great potential for future value appreciation, all located in a thriving and growing City known for it’s flourishing Tech industry and Universities. Whether you’re a seasoned Investor, new to Multi-Residential ownership, or looking for a possible future Redevelopment opportunity, this property offers the perfect blend of location, stability, and upside. Don’t miss your chance to own a strategic income-generating asset in the ever-expanding Waterloo market. (id:27)

Building Features:

  • Style: Multiplex
  • Basement Development: Finished
  • Basement Type: Full
  • Exterior Finish: Brick
  • Floor Space: 10697 sqft
  • Heating Type: Baseboard heaters
  • Appliances: Water softener

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Bedrooms: 28
  • Bathrooms: 17
  • Amenities Nearby: Hospital, Park, Public Transit, Schools, Shopping
  • Community Features: Quiet Area
  • Floor Space (approx): 10697 Square Feet
  • Lot Frontage: 230 Feet
  • Zoning: R9
  • Sewer: Municipal sewage system
  • Parking Type: Detached garage, Open
  • No. of Parking Spaces: 17

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 275-279 HERBERT Street, Waterloo, Ontario, N2J 1V3

Demographic Information of 275-279 HERBERT Street, Waterloo, Ontario, N2J 1V3

Life Stage

Later Years

Employment Type

Service Sector/White Collar

Average Household Income

$133,062.50

Average Number of Children

1.53

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

9.9 %

High school certificate or equivalent

20.19 %

Apprenticeship trade certificate/diploma

2.71 %

College/non-university certificate

17.82 %

University certificate (below bachelor)

1.54 %

University Degree

47.84 %

Commuter

Travel To Work

By Car

67.65 %

By Public Transit

10.89 %

By Walking

12.33 %

By Bicycle

3.96 %

By Other Methods

5.17 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

73.01 %

Houses

26.99 %

Own Vs. Rent

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