275-279 HERBERT Street, Waterloo, Ontario, N2J1V3

Property Description

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:64974)

Quick Facts

• Property Type: Multi-family
• Bedrooms: 28
• Bathrooms: 17
• Living Area: 10,697 sq ft (993.8 m²)
• Above Grade: 10,697 sq ft (993.8 m²)
• Ownership: Freehold
• Parking: 17 spaces (Detached Garage, Open)
• Frontage: 230 ft (70.1 m)

Costs

• Annual Taxes: $27,173.95

Listing Provided by: Royal LePage Wolle Realty
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.