38 High Street Waterloo, Ontario N2L 3X8

$779,900

Welcome To This Rare And Fully Compliant Investment Opportunity In The Heart Of Waterloo's Prime Student Corridor! This Well-Maintained 3+3 Bedroom Legal Duplex Is Perfectly Positioned For Investors Seeking Strong, Consistent Rental Income In A High-Demand Location. The Main Floor Unit Offers An Open Concept Kitchen And Living Area, Three Generously Sized Bedrooms, A Full Bathroom, And Separate In-Unit Laundry. The Legal Basement Unit Features Three Bedrooms, A Spacious Eat-In Kitchen, A Full Bathroom, And Its Own Private Laundry, Providing Excellent Tenant Appeal And Privacy. This Property Boasts Two City Of Waterloo-Issued Rental Licenses (3 Bedroom + 3 Bedroom) And Holds A City-Approved Class A3 Rental License, Making It A Fully Compliant And Turn-Key Student Rental Operation - A True Rarity In Today's Market. Adding To Its Long-Term Value, The Property Is Located Within The Proposed Sugarbush South Initiative Under The City Of Waterloo's Housing Accelerator Fund, A Planning Framework Designed To Support And Fast-Track Higher-Density And Missing Middle Housing Opportunities. Situated Just Minutes From University Of Waterloo, Wilfrid Laurier University, Public Transit, Shopping, Dining, And Everyday Amenities, This Property Is Ideally Located In An Established And Highly Sought-After Student Rental Area. A Rare Opportunity To Secure A Cash-Flowing Asset With Strong Upside Potential In One Of Waterloo's Most Desirable And Resilient Investment Locations. (id:49187)

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https://www.realtor.ca/real-estate/29309141/38-high-street-waterloo