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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID X12375325
Annual Tax Amount $32,625
Tax Year 2025
Property Sub-Type Investment
Property Description
Exceptional 12-unit multifamily investment opportunity in the heart of Waterloo. Situated on a 0.37-acre site, this well-maintained red brick building features a suite mix of 1 one-bedroom and 11 two-bedroom apartments, complemented by a surface parking lot at the rear of the property. Many units have been thoughtfully renovated with modern finishes, including new vinyl flooring, stainless steel appliances, and updated bathroom fixtures, offering tenants a comfortable and contemporary living experience. The property is fully occupied, providing investors with immediate in-place income. Located along Weber Street North, residents benefit from excellent connectivity and proximity to key amenities. The property is minutes from Wilfrid Laurier University, and the University of Waterloo. Nearby, tenants enjoy easy access to grocery stores, shopping centres, restaurants, and parks, while public transit, including the ION LRT, ensures convenient travel across Kitchener-Waterloo. Highway 85 is also close by, providing quick access to Highway 401 and the broader region. This is a strong, income-producing asset in one of Ontario's fastest-growing cities, well-positioned for long-term appreciation.
Location
Province ON
County Waterloo
Area Waterloo
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 120.0
Lot Depth 133.0
Others
Security Features No
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Listed by COLLIERS