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Royal LePage
Royal LePage
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$779,900

38 HIGH Street, Waterloo, Ontario, N2L 3X8

MLS® # 40801998

Waterloo ON, N2L 3X8

MLS® # 40801998

Property Information:

Welcome To This Rare And Fully Compliant Investment Opportunity In The Heart Of Waterloo's Prime Student Corridor! This Well-Maintained 3+3 Bedroom Detached Bungalow Is Perfectly Positioned For Investors Seeking Strong, Consistent Rental Income In A High-Demand Location. The Main Floor Unit Offers Spacious Kitchen And Living Area, Three Generously Sized Bedrooms, and A Full Bathroom. The Legal Basement Unit Features Three Bedrooms, A Spacious Eat-In Kitchen, A Full Bathroom Providing Excellent Tenant Appeal And Privacy. This Property Boasts Two City Of Waterloo-Issued A3 Rental Licenses (3 Bedroom + 3 Bedroom) Making It A Fully Compliant And Turn-Key Student Rental Operation. Adding To Its Long-Term Value, The Property Is Located Within The Proposed Sugarbush South Initiative Under The City Of Waterloo's Housing Accelerator Fund, A Planning Framework Designed To Support And Fast-Track Higher-Density And Missing Middle Housing Opportunities. Situated Just Minutes From University Of Waterloo, Wilfrid Laurier University, Conestoga College, Public Transit, Shopping, Dining, And Everyday Amenities. Great For Investors or Parents Looking To House Their Kids While Attending Post Secondary School! A Rare Opportunity To Secure A Cash-Flowing Asset With Strong Upside Potential In One Of Waterloo's Most Desirable And Resilient Investment Locations. (id:27)

Building Features:

  • Style: Duplex
  • Building Type: Duplex
  • Basement Development: Finished
  • Basement Type: Full
  • Exterior Finish:
  • Floor Space: 1001 sqft
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Bedrooms: 6
  • Bathrooms: 2
  • Access Type: Road access
  • Floor Space (approx): 1001 Square Feet
  • Lot Depth: 130 Feet
  • Lot Frontage: 50 Feet
  • Zoning: SR2
  • Sewer: Municipal sewage system
  • Parking Type: Carport
  • No. of Parking Spaces: 4

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⚠ Potential Investment Performance

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Location of 38 HIGH Street, Waterloo, Ontario, N2L 3X8

Demographic Information of 38 HIGH Street, Waterloo, Ontario, N2L 3X8

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$74,059.42

Average Number of Children

1.83

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

6.58 %

High school certificate or equivalent

40.03 %

Apprenticeship trade certificate/diploma

2.29 %

College/non-university certificate

11.12 %

University certificate (below bachelor)

0.64 %

University Degree

39.34 %

Commuter

Travel To Work

By Car

68.93 %

By Public Transit

16.03 %

By Walking

9.19 %

By Bicycle

2.25 %

By Other Methods

3.6 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

74.11 %

Houses

25.89 %

Own Vs. Rent

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