265 Glenridge Drive Waterloo, Ontario N2J 3W5
$1,479,999
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, 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. Walk Out Legal Basement (id:49187)
Property Details
| MLS® Number | X12428614 |
| Property Type | Single Family |
| Features | Wooded Area |
| Parking Space Total | 4 |
Building
| Bathroom Total | 6 |
| Bedrooms Above Ground | 5 |
| Bedrooms Below Ground | 6 |
| Bedrooms Total | 11 |
| Appliances | All, Water Heater |
| Architectural Style | Raised Bungalow |
| Basement Development | Finished |
| Basement Features | Apartment In Basement, Walk Out |
| Basement Type | N/a (finished) |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Aluminum Siding, Brick |
| Foundation Type | Block |
| Half Bath Total | 1 |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 1500 - 2000 Sqft |
| Type | House |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 151 Ft ,3 In |
| Size Frontage | 45 Ft |
| Size Irregular | 45 X 151.3 Ft ; 81.10 X 151.27 From Back |
| Size Total Text | 45 X 151.3 Ft ; 81.10 X 151.27 From Back |
| Zoning Description | Res |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | Kitchen | 3.1 m | 3.5 m | 3.1 m x 3.5 m |
| Basement | Bedroom | 3.5 m | 3.1 m | 3.5 m x 3.1 m |
| Basement | Bedroom | 3 m | 3 m | 3 m x 3 m |
| Basement | Bedroom | 3 m | 3 m | 3 m x 3 m |
| Basement | Bedroom | 3.1 m | 3 m | 3.1 m x 3 m |
| Basement | Bedroom | 2.85 m | 2.88 m | 2.85 m x 2.88 m |
| Basement | Bedroom | 3.3 m | 3.2 m | 3.3 m x 3.2 m |
| Main Level | Kitchen | 4.67 m | 3.88 m | 4.67 m x 3.88 m |
| Main Level | Living Room | 5.66 m | 4.01 m | 5.66 m x 4.01 m |
| Main Level | Primary Bedroom | 3.68 m | 3.47 m | 3.68 m x 3.47 m |
| Main Level | Bedroom 2 | 3.25 m | 2.46 m | 3.25 m x 2.46 m |
| Main Level | Bedroom 3 | 3.35 m | 3.02 m | 3.35 m x 3.02 m |
| Main Level | Eating Area | 3.2 m | 3 m | 3.2 m x 3 m |
| Main Level | Bedroom 4 | 3.02 m | 3.1 m | 3.02 m x 3.1 m |
| Main Level | Bedroom 5 | 3.03 m | 3.2 m | 3.03 m x 3.2 m |
https://www.realtor.ca/real-estate/28917312/265-glenridge-drive-waterloo
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September 28 2025 10:22:34
Toronto Real Estate Board
RE/MAX Champions Realty Inc.