172 Elgin Crescent Active Save Request In-Person Tour Request Virtual Tour
Waterloo,ON N2J 2S6
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,254 sqft
Price per Sqft $629
MLS Listing ID 40765183
Style Bungaloft
Bedrooms 5
Full Baths 2
Abv Grd Liv Area 2,266
Year Built 1961
Annual Tax Amount $5,625
Property Sub-Type Detached
Source Cornerstone
Property Description
Live Upstairs, Rent Out the Lower Level – Licensed Dwelling with Walkout Basement in Prime Waterloo Location
Upper level vacant – turnkey investment opportunity or ideal mortgage helper! This outstanding LICENSED 2-unit brick bungalow with loft and walkout basement is just steps to Uptown Waterloo, WLU, University of Waterloo, Conestoga College, shopping, and the LRT. Perfect for investors, multi-generational families, or parents seeking student housing.
The main level offers a bright, functional layout with two bedrooms plus a loft bedroom, an eat-in kitchen with updated counters and faucet (2022), living room, and a 3-piece bath. Hardwood floors in the bedrooms, fresh paint, vinyl plank flooring in the living room and hallway, and a charming enclosed front porch add warmth and character.
The fully finished walkout lower level, renovated in 2017, features large windows, a private entrance, a spacious family room with direct access to a covered patio, two bedrooms, a 4-piece bathroom, and a stylish second kitchen. The lower unit also includes a large utility room, laundry with full-size stackable washer/dryer (2020), cold cellar, and plenty of storage.
Upgrades & Features:
50-year steel roof, furnace (2022)main floor fridge (2024),Vinyl plank flooring (2019), basement windows (2018/2019), water softener (2019)Eavestroughs & garage door (2020)Custom window blinds in basement (2022)
The deep, fully fenced backyard includes a 9' x 12' shed—perfect for extra storage or creative future use.
With a valid Waterloo rental license, this home is move-in or rent-out ready, offering excellent income potential in one of the region's most sought-after locations.This one checks all the boxes—don't miss your chance to own a versatile, income-generating property in Uptown Waterloo. The extra income covers a $335,000 mortgage Great opportunity for home ownership .
Location
Province ON
County Waterloo
Area 1 - Waterloo East
Zoning GR1
Direction Regina
Rooms
Basement Separate Entrance,Walk-Out Access,Full,Finished
Main Level Bedrooms 2
Bedroom 2 1
Kitchen 2
Interior
Interior Features Accessory Apartment
Heating Forced Air,Natural Gas
Cooling Central Air
Fireplace No
Appliance Water Softener,Built-in Microwave,Dryer,Refrigerator,Stove,Washer
Exterior
Parking Features Attached Garage,Asphalt
Garage Spaces 1.0
Roof Type Metal
Lot Frontage 43.92
Lot Depth 136.95
Garage Yes
Building
Lot Description Urban,Rectangular,Public Transit,School Bus Route,Schools
Faces Regina
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Architectural Style Bungaloft
Structure Type Brick Veneer
New Construction No
Schools
Elementary Schools Elizabeth Zieglerour Lady Of Lourdes
High Schools Waterloo Collegiate Instituteresurrection Secondary School
Others
Senior Community No
Tax ID 223700122
Ownership Freehold/None
Virtual Tour https://vimeopro.com/user49762055/172-elgin-crescent