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$ 1,479,999
Est. payment /mo
Active
265 GLENRIDGE DR Waterloo, ON N2J 3W5
11 Beds
6 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
MLS Listing ID X12428614
Style Bungalow-Raised
Bedrooms 11
Annual Tax Amount $2,400
Tax Year 2025
Property Sub-Type Detached
Property Description
Exceptional Investment Opportunity in the Heart of Waterloo! This rare LEGAL DUPLEX , is located in the core strip of Waterloo, making it an ideal choice for investors, professionals, or families looking to live mortgage-free while generating strong rental income.Perfectly situated near Waterloo University, Wilfrid L & St. Jerome Unersities and Conestoga College, with direct bus Route 202 access to all schools, this property offers both convenience and long-term rental demand.Key Features: 11 spacious bedrooms, 6 bathrooms 800 sq. ft. permitted extension, completed a few years ago with full City approval , Approved rental license from the City of Waterloo , Separate laundry area for tenants convenience, 4 parking spots available, Roof replaced recently, with all equipment in excellent working condition, Consistently generating over $100,000 in gross annual income for the past three years. Potential to live in the main unit while renting the other unit, earning approximately $6,000/month in rental income. This property has been professionally managed and well-maintained by the owner, ensuring a smooth transition for the next investor. Whether youre seeking a high-yield rental property or an opportunity to live comfortably while your tenants cover the mortgage, this home is a must-see investment in Waterloos thriving student market. Walk Out Legal Basement
Location
Province ON
County Waterloo
Area Waterloo
Rooms
Family Room No
Basement Apartment, Finished with Walk-Out
Kitchen 2
Separate Den/Office 6
Interior
Interior Features None
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Pool None
Waterfront Description None
Roof Type Asphalt Shingle
Topography Wooded/Treed
Lot Frontage 45.01
Lot Depth 151.27
Total Parking Spaces 4
Building
Foundation Concrete Block
New Construction false
Others
ParcelsYN No
Listed by RE/MAX CHAMPIONS REALTY INC.