4 Cardill Crescent Waterloo, ON N2L 3Y6
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Rooming House
Listing Status Active
Purchase Type For Sale
Square Footage 1,077 sqft
Price per Sqft $696
MLS Listing ID 40757428
Bedrooms 8
Abv Grd Liv Area 2,146
Year Built 1965
Annual Tax Amount $8,412
Property Sub-Type Rooming House
Source Cornerstone
Property Description
This cash flow positive property generates over $57,000 in annualized gross income through August 2026, with potential to grow. With 35% down, this investment can work for you from day one. A City-approved Class D1 rental license makes this a fully compliant, turnkey student rental operation—an uncommon find in Waterloo.
The main floor features a spacious common area, modern baseboards, and thin plank hardwood flooring in the bedrooms. The lower level offers generously sized bedrooms with oversized egress windows for safety and comfort. Updated vinyl windows throughout improve efficiency and curb appeal.
A large detached garage provides excellent potential for landlord storage or conversion into an additional income stream. Located within a 10-minute walk to both Wilfrid Laurier University and the University of Waterloo, the property is ideally positioned to serve over 55,000 students.
Situated in the prestigious Sugarbush neighbourhood, the property benefits from the proposed Sugarbush South Corridor Expansion Initiative and is adjacent to Northdale, where values surged after Mixed-Use zoning was passed. Now zoned R9, the site offers long-term redevelopment potential—warehouse the site while awaiting a knock on the door from a developer.
This home suits a wide range of buyers. First-time homeowners can offset their mortgage with rental income. Multi-generational families will appreciate the space. University and tech professionals will enjoy the proximity to work. Parents of students will value the location. Investors will see strong rental potential in one of Ontario's top-ranked markets.
An investor worksheet is available. With flexible closing, this is your chance to secure a high-performing property in a growing area. Schedule your private showing today!
Location
Province ON
County Waterloo
Area 4 - Waterloo West
Zoning R9
Direction Near corner Albert Street and Cardill Crescent. Easy Walk to Both University of Waterloo and Wilfrid Laurier University
Rooms
Basement Separate Entrance, Walk-Up Access, Full, Finished
Kitchen 0
Interior
Interior Features Other
Heating Forced Air, Natural Gas
Cooling None
Fireplace No
Appliance Dryer, Refrigerator, Stove, Washer
Laundry Shared
Exterior
Parking Features Detached Garage, Asphalt
Garage Spaces 1.0
Roof Type Asphalt Shing
Lot Frontage 51.0
Lot Depth 129.82
Garage Yes
Building
Lot Description Rectangular, Public Transit, Schools
Faces Near corner Albert Street and Cardill Crescent. Easy Walk to Both University of Waterloo and Wilfrid Laurier University
Story 1
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 222750043
Ownership Freehold/None
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