109 MOORE Avenue, Waterloo, Ontario, N2J1X3
MLS: 40823050 | Triplex (Freehold)
$599,000
Property Description
An exceptional opportunity to own a triplex in a highly sought-after location steps from uptown Waterloo. This property offers strong, reliable income with two established tenants already in place—while providing flexibility for both investors and end-users. The upper unit generates $1,650/month and the basement unit brings in $1,450/month, with tenants paying all utilities—keeping operating costs low and returns high. The main floor unit is rented at $2,100/month, but be vacant on possession, creating a rare opportunity for a buyer to move in and effectively live for free, supported by over $3,100/month in rental income from the other two units. For investors, the option to lease all three units unlocks excellent cash flow with a cap rate above 8%, making this a standout addition to any portfolio. The property also features a durable steel roof and parking for four vehicles—adding long-term value and tenant convenience. Whether you're looking to house hack, expand your portfolio, or secure a high-performing asset in a prime area, this triplex checks all the boxes! (id:64974)
Quick Facts
- Property Type: Triplex (Freehold)
- Bedrooms: 4
- Bathrooms: 3
- Living Area: 1,330 sq ft (123.6 m²)
- Above Grade: 1,330 sq ft (123.6 m²)
- Year Built: 1928
- Ownership: Freehold
- Attached: Yes
- Parking: 4.0 spaces (Detached Garage)
- Frontage: 49 ft (14.9 m)
Costs
- Annual Taxes: $4,480.00
Listing Provided by: RE/MAX REAL ESTATE CENTRE INC., BROKERAGE
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Radiant heat, Natural gas
- Cooling: None
- Basement: Finished, Full
- Appliances: Water softener
Exterior & Construction
- Exterior: Brick
- Foundation: Block
- Sewer: Municipal sewage system
- Water: Municipal water
Lot & Land
- Frontage: 49 ft (14.9 m)
- Features: Paved driveway
- Zoning: GR2
Community & Neighbourhood
- Community: School Bus
- Subdivision: 114 - Uptown Waterloo/North Ward
Listing Information
Listing History
MLS listing activity for 109 MOORE Avenue, Waterloo, Ontario, N2J1X3 — dates reflect when changes were recorded in the DDF
Location & Neighborhood
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Mortgage & Cost Calculators
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109 MOORE Avenue, Waterloo, Ontario, N2J1X3