$46,200 Annual Gross Income Available Here! This well-updated, modernized, spacious (1500+ SF), rental licensed, City-approved money maker beckons for your immediate attention! This solid construction five bedroom townhome is located in Waterloo's prime rental areas comes to you fully rented! Updates abound: modernized, white gloss IKEA kitchen cabinets mated to butcher block countertop with subway tile, oversized tile flooring on main floor, mostly newer plumbing fixtures - sinks and toilets - throughout. Furnace (2023). Freshly painted in a contemporary, neutral palette. Updated main bath. Finished rec room with vinyl plank flooring, pot lighting and tongue and groove wood ceiling. Massive primary bedroom with ensuite and walk in closet. Underground parking spot. Note that the townhome is solid, cement (not frame) construction - the same construction as university residences. Condo fees of $756.42 per month include water, insurance, landscaping/snow removal, private garbage removal, parking as well as exterior maintenance. Turn key, worry-free condo living. Located almost across the street from Conestoga College, a 5 minute bike ride on trail system to Uptown Waterloo and its amenities, a couple blocks from WLU, and a quick scooter ride to Waterloo Park and University of Waterloo, this is an ideal opportunity for investor looking for foothold into lucrative Waterloo student housing market or parent looking for a home away from home for their university bound child. Investor work sheet available to show how this property can work for you! Flexible possession available. There is a lot to love here.
Property Type:
Residential Income
Property SubType:
Rooming House
Year built:
1974
(Age: 51)
Listing General Location:
116 - Glenridge/Lincoln Heights, 1 - Waterloo East
Attached Garage: No, Crops Included: No, Garage: No, Inspection ESA: Yes, New Construction: No
Construction:
Brick Veneer, Vinyl Siding
Basement:
Full, Partially Finished
Foundation:
Poured Concrete
Roof:
Asphalt Shing
Number of Storeys:
2
Number of Buildings:
0
Total Floor Area:
1,502 sq. ft.140 m2
Finished Area Above Grade:
1,502 sq. ft.140 m2
Fireplace:
false
Inspection ESA Date:
May 04, 2018
Laundry Features:
In-Suite
Water Supply:
Municipal
Water Meter:
No
Sewer:
Sewer (Municipal)
Cooling:
Central Air
Heating:
Forced Air, Natural Gas
Age Electric:
1974
Age Furnace:
2023 - Goodman
Age Plumbing:
1974
Age Tank:
2016 - Rheem
Smoke Detector,Two Fridges, One Stove, One Washer, One Dryer
Dishwasher, Dryer, Refrigerator, Stove, Washer
Tenants' Possessions
Separate Hydro Meters
Patio
false
No
Enter Village on the Green from University Avenue East. Drive into the complex. Unit 9 is located in the second group of town homes on your left hand side. There is visitor parking in the development.
Townhome / multi-family property with brick siding, roof with shingles, and a front lawn
Multi unit property featuring a front lawn, board and batten siding, and brick siding
Property entrance with brick siding and a shingled roof
Kitchen with white electric range oven, dishwasher, under cabinet range hood, a sink, and backsplash
Kitchen with white appliances, white cabinets, and decorative backsplash
Kitchen with white appliances, under cabinet range hood, backsplash, a sink, and wood counters
Kitchen featuring tasteful backsplash, light tile patterned floors, under cabinet range hood, wood counters, and appliances with stainless steel finishes
Kitchen with light tile patterned flooring, butcher block counters, white cabinetry, black microwave, and freestanding refrigerator
Half bathroom with vanity, toilet, and crown molding
Bedroom featuring a textured ceiling, ornamental molding, and light wood-type flooring
Bedroom with a fireplace, a textured ceiling, ornamental molding, and wood finished floors
Washroom with visible vents, washing machine and clothes dryer, and laundry area
Living area featuring wood finished floors, wood ceiling, and recessed lighting
Living room with baseboards, wood finished floors, wood ceiling, and recessed lighting
Living room featuring baseboards, wood finished floors, wooden ceiling, and recessed lighting
Living room featuring recessed lighting, wood finished floors, and wooden ceiling
Full bath with ornamental molding, toilet, tile patterned floors, and vanity
Bedroom featuring baseboards, visible vents, hardwood / wood-style flooring, and a textured ceiling
Hallway featuring baseboards, light wood-style floors, and crown molding
Bedroom featuring visible vents, crown molding, and wood finished floors
Bathroom featuring visible vents, toilet, and vanity
Bedroom with crown molding, light wood-type flooring, baseboards, a textured ceiling, and visible vents
Rear view of property with a fenced backyard, brick siding, central air condition unit, and a patio
Back of property featuring central AC unit, a patio, a fenced backyard, outdoor dining space, and brick siding
Data was last updated October 20, 2025 at 05:50 AM (UTC)
Area Statistics
Listings on market:
21
Avg list price:
$1,000,000
Min list price:
$459,900
Max list price:
$9,999,000
Avg days on market:
73
Min days on market:
2
Max days on market:
149
Avg price per sq.ft.:
$403.41
These statistics are generated based on the current listing's property type
and located in
1 - Waterloo East. Average values are
derived using median calculations. This data is not produced by the MLS® system.