275-279 Herbert Street Active Save Request In-Person Tour Request Virtual Tour
Waterloo,ON N2J 1V3
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 10,697 sqft
Price per Sqft $341
MLS Listing ID 40755755
Bedrooms 28
Abv Grd Liv Area 10,697
Annual Tax Amount $27,173
Property Sub-Type Apartment
Source Cornerstone
Property Description
Welcome to 275, 277, and 279 Herbert Street in Waterloo – an outstanding turnkey purpose-built three Building Apartment complex nestled in one of Waterloo's sought-after neighbourhoods. This investment opportunity features two 6-plex buildings and one 5-plex building, offering a total of 17 fully leased units with a solid rental history and strong income potential. Located within walking distance to Grand River Hospital (now known as Waterloo Regional Health Network at Midtown), multiple LRT stops, a variety of shops, cafes, and popular restaurants, this well-maintained property blends urban convenience with long-term investment stability. Residents enjoy easy access to public transit, parks, schools, and Waterloo's vibrant core – making this an attractive address for Tenants of all ages. The unit mix features one Bachelor Unit, six One-Bedroom Units, nine Two-Bedroom Units, and one Three-Bedroom Unit. Each Building has been well maintained, and each is equipped with on-site Laundry facilities for Tenant convenience, and the property includes a detached Garage with four rentable parking spaces, providing additional monthly income. This is a turn-key investment with low vacancy rates, reliable Tenants, and a steady cash flow with great potential for future value appreciation, all located in a thriving and growing City known for it's flourishing Tech industry and Universities. Whether you're a seasoned Investor, new to Multi-Residential ownership, or looking for a possible future Redevelopment opportunity, this property offers the perfect blend of location, stability, and upside. Don't miss your chance to own a strategic income-generating asset in the ever-expanding Waterloo market.
Location
Province ON
County Waterloo
Area 1 - Waterloo East
Zoning R9
Direction Turn off of Union Street East or Pine Street.
Rooms
Basement Full,Finished
Kitchen 0
Interior
Heating Baseboard
Cooling Other
Fireplace No
Appliance Water Softener,Hot Water Tank Owned,Refrigerator,Stove
Laundry Common Area
Exterior
Parking Features Detached Garage
Garage Spaces 4.0
Roof Type Shingle
Lot Frontage 229.5
Garage Yes
Building
Lot Description City Lot,Hospital,Park,Place of Worship,Public Transit,Quiet Area,Schools,Shopping Nearby
Faces Turn off of Union Street East or Pine Street.
Story 2
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 223280076
Ownership Freehold/None
Virtual Tour https://youtu.be/GmfQzE4AvjA