Property Details
265 GLENRIDGE DRIVE, Waterloo, Ontario, N2J3W5
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 (id:2471)
HARVEY KALLES REAL ESTATE LTD. Brokerage - Toronto
- 416-452-6249
- 416-441-2888
- rick@rickohomes.com
- Property Address: 265 GLENRIDGE DRIVE, Waterloo, Ontario, N2J3W5
- Property Type: Single Family
- Zoning Description: RES
- Title: Freehold
- Lot Size: 45 x 151.3 FT ; 81.10 X 151.27 from Back
- Acreage: 45 x 151.3 FT ; 81.10 X 151.27 from Back
- Sewage Type: Sanitary sewer
- Water Type: Municipal water
- Driveway: No Garage
- Total Parking Spaces: 4
- Structure Style: House
- Style: Detached
- Storeys: 1
- Floor Space: 1500 - 2000 sqft
- Bedrooms: 5 + 6
- Bathrooms: 6-Total 1-Partial
- Basement Type: N/A, N/A (Finished)
- Heating Type: Natural gas, Forced air
- Cooling: Central air conditioning
- Exterior Type: Aluminum siding, Brick
- Foundation Type: Block
- Appliances Included: All, Water Heater
- Wooded area
| Type | Level | Dimensions |
|---|---|---|
| Kitchen | Basement | 3.1 m x 3.5 m |
| Bedroom | Basement | 3.5 m x 3.1 m |
| Bedroom | Basement | 3 m x 3 m |
| Bedroom | Basement | 3 m x 3 m |
| Bedroom | Basement | 3.1 m x 3 m |
| Bedroom | Basement | 2.85 m x 2.88 m |
| Bedroom | Basement | 3.3 m x 3.2 m |
| Kitchen | Main level | 4.67 m x 3.88 m |
| Living room | Main level | 5.66 m x 4.01 m |
| Primary Bedroom | Main level | 3.68 m x 3.47 m |
| Bedroom 2 | Main level | 3.25 m x 2.46 m |
| Bedroom 3 | Main level | 3.35 m x 3.02 m |
| Eating area | Main level | 3.2 m x 3 m |
| Bedroom 4 | Main level | 3.02 m x 3.1 m |
| Bedroom 5 | Main level | 3.03 m x 3.2 m |
Listing Office: RE/MAX CHAMPIONS REALTY INC.
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