22
265 GLENRIDGE Drive
$1,479,999 Sale
Listed 1 day
· 5+6
· 6
· 0
· 1500-2000
Key Facts
Key facts for 265 GLENRIDGE Drive
Property Type
House, Bungalow-Raised
Parking
None 0 garage, 4 parking
MLS #
X12428614
Size
1500-2000 sqft
Basement
Apartment,Separate Entrance
Listed on
2025-09-26
Lot size
45 x 151.27
Tax
$2,400 /yr
Days on Market
2
Approximate Age
-
Maintenance Fee
-
Description
Exceptional Investment Opportunity in the Heart of Waterloo! This rare student rental property 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 s...ituated near three major universities 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, and 4 kitchens across four self-contained units, 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 out the other three units, 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.
Similar Properties (No results)
Courtesy of: RE/MAX CHAMPIONS REALTY INC.