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$14,880,000
X13604606 MLS® #
A rare opportunity to acquire a prominent King Street address in the heart of Waterloo, anchored by an existing 10-storey residential building with a proven rental history. Strategically located within walking distance to the University of Waterloo, Wilfrid Laurier University, and Conestoga College Waterloo Campus, this property sits in one of the region's most desirable rental corridors, surrounded by constant demand from students, professionals, and urban residents. Built in 2009, the existing building has remained fully rented since completion, offering investors immediate in-place income, stability, and long-term holding value in a high-growth market. The additional upside makes this opportunity truly exceptional. The same lot benefits from approved zoning for a 14-storey condominium development, allowing for a total project of 123 condominium apartments with a mix of one, two, and three-bedroom units. This gives the purchaser the rare ability to secure strong existing cash flow today while unlocking significant future development potential. For builders, developers, and strategic investors, the groundwork has already been advanced. A full team of architects, planners, and builders is available and ready to assist with execution, if required. This is more than a development site. It is an income-producing asset with a clear path to growth in one of Waterloo's strongest urban locations. (id:5764)

316 King Street North, Waterloo

Listing courtesy of RE/MAX REALTY SPECIALISTS INC..

$19,900,000
X13597972 MLS® #
Set at the corner of University Avenue West and Albert Street, this six-storey building occupies arguably the most strategic address in the Waterloo student housing market - directly across the street from Wilfrid Laurier University and steps from the University of Waterloo. The building's art deco character sets it apart from the moment you arrive. From its distinctive art deco facade to thoughtfully designed interiors featuring California ceilings, oversized stairwells and hallways, and custom cabinetry throughout, this is a property built with intention. Purpose-built in 2012 for student accommodation and fully occupied since completion, the diversified unit mix of five-bedroom, four-bedroom, three-bedroom, and two-bedroom suites is tailored for group co-tenancy - keeping turnover low and income highly predictable. Each suite is appointed with generous kitchens featuring dual fridges and a dishwasher, spacious carpeted bedrooms, and full 4-piece bathrooms. Lower-level suites benefit from in-floor heating, while all units are served by central air conditioning and forced air systems for year-round comfort. Building amenities are equally well-considered: elevator access, controlled entry, 24/7 CCTV surveillance, an on-site management office to handle tenant needs and maintenance requests, in-building laundry, and both indoor and outdoor parking round out an offering that tenants consistently renew and investors rarely let go. (id:5764)

96 University Avenue West, Waterloo

Listing courtesy of RE/MAX REAL ESTATE CENTRE INC..

$19,900,000
40849492 MLS® #
Set at the corner of University Avenue West and Albert Street, this six-storey building occupies arguably the most strategic address in the Waterloo student housing market — directly across the street from Wilfrid Laurier University and steps from the University of Waterloo. The building's art deco character sets it apart from the moment you arrive. From its distinctive art deco facade to thoughtfully designed interiors featuring California ceilings, oversized stairwells and hallways, and custom cabinetry throughout, this is a property built with intention. Purpose-built in 2012 for student accommodation and fully occupied since completion, the diversified unit mix of five-bedroom, four-bedroom, three-bedroom, and two-bedroom suites is tailored for group co-tenancy — keeping turnover low and income highly predictable. Each suite is appointed with generous kitchens featuring dual fridges and a dishwasher, spacious carpeted bedrooms, and full 4-piece bathrooms. Lower-level suites benefit from in-floor heating, while all units are served by central air conditioning and forced air systems for year-round comfort. Building amenities are equally well-considered: elevator access, controlled entry, 24/7 CCTV surveillance, an on-site management office to handle tenant needs and maintenance requests, in-building laundry, and both indoor and outdoor parking round out an offering that tenants consistently renew and investors rarely let go. (id:5764)

96 UNIVERSITY Avenue West, Waterloo

Listing courtesy of RE/MAX Real Estate Centre Inc..

$1,296,000
8 Beds 2 Baths X13585054 MLS® #
A rare three-property land assembly in one of the closest residential pockets to Wilfrid Laurier University. Steps to campus and situated on a direct GRT bus route to the University of Waterloo, this is one of the most convenient student-housing locations in the city. The assembly is currently configured for 22 rooms across the three properties, arranged as 6 separate self-contained units, each with its own bathroom, kitchen and common area - a proven, income-generating layout with exceptional walkability to both campuses, transit, shopping and amenities. With future development potential on a very manageable scale - a sensible, achievable build rather than an outsized or overly ambitious project, with possible expansion to neighbouring properties - this is an outstanding holding for investors and developers seeking scale, steady student-rental income, and long-term appreciation in Waterloo's University District. 262,264,266 Hazel must be purchased together. (id:5764)

264 Hazel Street, Waterloo

Listing courtesy of RE/MAX REAL ESTATE CENTRE INC..

$1,296,000
10 Beds 4 Baths X13585008 MLS® #
A rare three-property land assembly in one of the closest residential pockets to Wilfrid Laurier University. Steps to campus and situated on a direct GRT bus route to the University of Waterloo, this is one of the most convenient student-housing locations in the city. The assembly is currently configured for 22 rooms across the three properties, arranged as 6 separate self-contained units, each with its own bathroom, kitchen and common area - a proven, income-generating layout with exceptional walkability to both campuses, transit, shopping and amenities. With future development potential on a very manageable scale - a sensible, achievable build rather than an outsized or overly ambitious project, with possible expansion to neighbouring properties - this is an outstanding holding for investors and developers seeking scale, steady student-rental income, and long-term appreciation in Waterloo's University District. 262, 264, 266 Hazel must be purchased together. (id:5764)

262 Hazel Street, Waterloo

Listing courtesy of RE/MAX REAL ESTATE CENTRE INC..

$1,296,000
8 Beds 1 Baths 40847948 MLS® #
A rare three-property land assembly in one of the closest residential pockets to Wilfrid Laurier University. Steps to campus and situated on a direct GRT bus route to the University of Waterloo, this is one of the most convenient student-housing locations in the city. The assembly is currently configured for 22 rooms across the three properties, arranged as 6 separate self-contained units, each with its own bathroom, kitchen and common area — a proven, income-generating layout with exceptional walkability to both campuses, transit, shopping and amenities. With future development potential on a very manageable scale — a sensible, achievable build rather than an outsized or overly ambitious project, with possible expansion to neighbouring properties — this is an outstanding holding for investors and developers seeking scale, steady student-rental income, and long-term appreciation in Waterloo's University District. 262,264,266 Hazel must be purchased together. (id:5764)

264 HAZEL Street, Waterloo

Listing courtesy of RE/MAX Real Estate Centre Inc..

$1,296,000
40849496 MLS® #
A rare three-property land assembly in one of the closest residential pockets to Wilfrid Laurier University. Steps to campus and situated on a direct GRT bus route to the University of Waterloo, this is one of the most convenient student-housing locations in the city. The assembly is currently configured for 22 rooms across the three properties, arranged as 6 separate self-contained units, each with its own bathroom, kitchen and common area — a proven, income-generating layout with exceptional walkability to both campuses, transit, shopping and amenities. With future development potential on a very manageable scale — a sensible, achievable build rather than an outsized or overly ambitious project, with possible expansion to neighbouring properties — this is an outstanding holding for investors and developers seeking scale, steady student-rental income, and long-term appreciation in Waterloo's University District. 262, 264,266 Hazel must be purchased together. (id:5764)

262 HAZEL Street, Waterloo

Listing courtesy of RE/MAX Real Estate Centre Inc..

$1,296,000
3 Beds 40849528 MLS® #
A rare three-property land assembly in one of the closest residential pockets to Wilfrid Laurier University. Steps to campus and situated on a direct GRT bus route to the University of Waterloo, this is one of the most convenient student-housing locations in the city. The assembly is currently configured for 22 rooms across the three properties, arranged as 6 separate self-contained units, each with its own bathroom, kitchen and common area — a proven, income-generating layout with exceptional walkability to both campuses, transit, shopping and amenities. With future development potential on a very manageable scale — a sensible, achievable build rather than an outsized or overly ambitious project, with possible expansion to neighbouring properties — this is an outstanding holding for investors and developers seeking scale, steady student-rental income, and long-term appreciation in Waterloo's University District. 262,264,266 Hazel must be purchased together. (id:5764)

266 HAZEL Street, Waterloo

Listing courtesy of RE/MAX Real Estate Centre Inc..

$999,900
40844518 MLS® #
Investor Alert – Rare Opportunity to Acquire a Fully Stabilized, Rental Licensed 3+3 Bedroom Property in One of Waterloo's Most Proven Rental Locations. Welcome to 139 Elgin Crescent, a turnkey income-producing asset offering the combination investors are actively seeking: strong cash flow, excellent tenant quality, and long-term income certainty. The property is fully leased under a multi-year agreement through to at least April 30, 2027, generating $5,970 per month plus utilities ($71,640 annually), providing immediate cash flow with virtually no leasing risk. This home with registered accessory apartment features two self-contained 3-bedroom units, each with its own kitchen and bathroom, making it ideally configured for the Waterloo student rental market. Situated on a mature 50 foot x 127 foot lot within walking distance of Wilfrid Laurier University, the University of Waterloo, Uptown Waterloo, shopping, restaurants, transit and everyday amenities, the location has consistently demonstrated strong tenant demand. The property has benefited from numerous updates over the years, including roof, furnace, air conditioning, wiring, plumbing and bathroom updates. Recently completed vinyl plank flooring throughout the main floor living room, hallway and all three upstairs bedrooms provides a fresh, modern appearance while offering the durability investors appreciate. Additional features include large basement egress windows, shared laundry, an attached garage (real bonus in this area), double-wide driveway parking, fenced backyard and an expansive stone patio. Whether you're expanding an existing portfolio or seeking a dependable hands-off investment in one of Ontario's perennially strongest rental markets, this is a rare opportunity to acquire a fully licensed, fully leased, and professionally maintained rental asset with predictable income already secured well into 2027. A true turnkey investment—buy today and collect strong rent tomorrow. (id:5764)

139 ELGIN Crescent, Waterloo

Listing courtesy of Royal LePage Wolle Realty.

$3,499,999
13 Beds 4 Baths X13495500 MLS® #
Great turn-key development project in the Waterloo University district! Assembly of 2 single detached houses: 309 & 311 Hawthorn St. Development of a six (6) storey multi-unit apartment building containing fifty-five (55) residential dwelling units, eighty (80) bedrooms, twenty-two (22) parking spaces, and thirty-eight (38) bicycle parking spaces. Site plan drawings have been approved. The site plan agreement is currently under review by the Director. We shall receive the site plan agreement soon. Situated just a short walk from King Street and Wilfrid Laurier University campus, this location is only minutes away from the University of Waterloo. It also enjoys close proximity to various Grand River transit stops and routes, offering convenient access to Uptown Waterloo and major commercial nodes. Package includes all drawings and reports for city permit. (id:5764)

309-311 HAWTHORN Street, Waterloo

Listing courtesy of HOMELIFE LANDMARK REALTY INC..

$999,900
16 Beds 6 Baths 40838618 MLS® #
74 William St. W., Waterloo — A dual-opportunity property in one of Waterloo's most sought-after residential neighbourhoods — collect rental income today while holding a prime redevelopment asset for tomorrow. This legal non-conforming fourplex offers a compelling unit mix: two spacious 3-bedroom suites and two generous 5-bedroom suites, ideal for student, professional, or family tenants alike. Ample on-site parking adds further appeal for renters. The location is exceptional — a short 5-minute walk to the shops, restaurants, and vibrant nightlife of Uptown Waterloo. This property carries significant upside: a developer or investor could explore rebuilding or intensifying the site to maximize density in an already-proven location. Whether you hold, renovate, or redevelop, 74 William St. W. is a strategic addition to any portfolio (id:5764)

74 WILLIAM Street West, Waterloo

Listing courtesy of RE/MAX Real Estate Centre Inc..

$749,000
6 Beds 2 Baths 40836486 MLS® #
LOCATION, LOCATION...LEGAL DUPLEX ( DETACHED HOUSE WITH LEGAL APPARTMENT) Minuts drive or walking distance to both Unitversities. Perfect for families, investors, or those seeking extra income! This home represents an opportunity with endless possibilities! This solid, well-maintained bungalow offers incredible versatility with two fully finished levels, each complete with its own living room, kitchen, bathrooms, and three generously sized bedrooms per level. Upstairs,. The kitchen offers plenty of cupboards, counter space and a spacious eat-in nook area with a large window. The lower level is a bright, self-sufficient living space with oversized windows, 3 bedrooms, 1 bathroom, kitchen, and a private separate entrance, ideal for extended family living or as a mortgage-helping rental unit. Enjoy a good-sized backyard perfect for gardening or relaxing, A long driveway fits up to 4 cars, making parking convenient for large families or tenants. (id:5764)

53 HELENE Crescent, Waterloo

Listing courtesy of RE/MAX Twin City Realty Inc..

$875,000
8 Beds 3 Baths X13172638 MLS® #
Great Investment Opportunity With Strong Income Potential: LEGAL DUPLEX with A Double Garage recently converted into A THIRD ONE-BEDROOM UNIT with a potential monthly rent of $950. This property is located in the well established Lakeshore Village community. Its central location in Waterloo make it a popular choice for convenient commuting and quick access to the expressway. You can get vacant possession of the 4-bedroom mainfloor unit. Set your own rent for the Garage. Basement is currently rented but tenant is open to staying or leaving. The upper unit(main) offers a shared front, main entrance and a private rear entrance. The unit features a generous kitchen with a large island and plenty of counter and cupboard space. Large bathroom includes a vanity with double sinks. The unit also boasts spacious and bright bedrooms. The 3-bedroom basement unit also boasts two entrances; a main entrance in the front and a private unit entrance in the rear of the building. Conveniently located near the schools; For grades JK-6; N.A. MacEachern, Winston Churchill, and Cedarbrae are available. Sir. Edgar Bauer is available for students in JK-8. (id:5764)

536 Glen Forrest Boulevard, Waterloo

Listing courtesy of iCloud Realty Ltd..

$849,999
5 Beds 2 Baths 40831812 MLS® #
Fantastic Investment Opportunity in the heart of Waterloo! Welcome to 8 Marshall Street — a prime student rental property ideally situated just two blocks from Wilfrid Laurier University and minutes from public transit, shopping, grocery stores, restaurants, entertainment, and recreational amenities. This spacious home features 5 bedrooms, 2 full bathrooms, a shared kitchen and living area designed for comfortable student living, plus parking for 3 vehicles. A true turnkey investment opportunity with new student leases already secured for September 2026 at $1,000 per room plus utilities, offering strong and reliable rental income potential. Located in one of Waterloo’s most desirable student rental neighbourhoods, this property is an excellent addition to any real estate portfolio and a smart opportunity for investors seeking consistent cash flow in a high-demand location. (id:5764)

8 MARSHALL Street, Waterloo

Listing courtesy of Chestnut Park Realty Southwestern Ontario Limited.

$789,999
5 Beds 3 Baths 40830480 MLS® #
Fantastic Investment Opportunity in the heart of Waterloo! Welcome to 10 Marshall Street — a prime student rental property ideally located just two blocks from Wilfrid Laurier University and only minutes from public transit, shopping, grocery stores, restaurants, entertainment, and recreational amenities. This spacious property features 5 bedrooms, 2.5 bathrooms, a shared kitchen and living area designed for comfortable student living, plus parking for 4 vehicles. A turnkey investment opportunity with new leases already in place for September 2026 — fully leased with all 5 bedrooms rented at $1,000/month plus utilities per room. An excellent opportunity for investors looking to expand their portfolio with a well-located income property in one of Waterloo’s most sought-after student rental areas. (id:5764)

10 MARSHALL Street, Waterloo

Listing courtesy of Chestnut Park Realty Southwestern Ontario Limited.

$7,999,999
X13131378 MLS® #
This land assembly, totaling 0.86 acres, presents a compelling development potential opportunity with 3 existing income-generating properties situated in the heart of Waterloos energetic uptown core. In 2024, a development concept was brought forward to the City of Waterloo, outlining a 12-story residential apartment building with 129 units. The plan includes 17 parking spaces located at grade behind the building, complemented by additional underground parking whose quantity has yet to be specified. The project adheres to the area's zoning regulations and complies with both the Official Plan and applicable Zoning By-Laws, including matching the scale and height of surrounding developments. This prime location lies within one of Waterloos most desirable neighborhoods and falls inside the Willis Way Protected Major Transit Station Area (PMTSA), where minimum parking requirements are waived under Bill 185. The vision for the residential development centers around connected urban living, offering future residents immediate access to restaurants, boutiques, entertainment, and cultural attractions. With nearby schools, green spaces, institutions, and modern infrastructure enhancements, this site is exceptionally well-positioned to benefit from long-term growth, sustained demand, and increasing value. The seller and their representative make no guarantees about the property's future use or development potential regardless of any of the favorable information noted. The buyer is fully responsible for investigating all current and future matters related to the property and future development. Image of the 12 story building in the listing is merely a virtual rendering to help give some perspective on what may be possible. (id:5764)

205-209 Erb Street West, Waterloo

Listing courtesy of CENTURY 21 B.J. ROTH REALTY LTD..

$2,260,000
20 Beds 8 Baths 40822291 MLS® #
An exceptional opportunity to own a turnkey student rental property with a definite opportunity to increase rent as the tenants turnover, ideally situated within close proximity to two universities. This well-maintained building comprises four self-contained units across 20 bedrooms, purpose-built to meet the demands of the student rental market. Exceptionally well built and maintained, as soon as you view the building in person you can see how well this building was built. Each unit offers 5 generously proportioned bedrooms, expansive common areas, and two full bathrooms, providing the comfort and functionality today's student tenants expect. Every unit operates independently with its own furnace, central air conditioning, hot water heater, and in-suite laundry. Tenants pay their own hydro. (id:5764)

16 COLUMBIA Street West, Waterloo

Listing courtesy of RE/MAX Real Estate Centre Inc..

$1,100,000
5 Beds 3 Baths 40793236 MLS® #
Exceptional investment opportunity in the highly sought-after Lincoln Heights neighbourhood of Waterloo! Situated on a high-visibility corner lot at 27 Margaret Ave N, this well-maintained triplex offers versatility, steady income, and future potential. Two units are currently occupied by month-to-month tenants, while the upper 2-bedroom unit is vacant—perfect for an owner looking to move in or an investor ready to set their own rents. The upper unit has been recently refreshed and repainted and comes equipped with a new fridge and stove, offering a bright, move-in-ready living space. The building is accessible via stairs or a concrete ramp, providing easy entry for a variety of occupants, and features ample on-site parking. With excellent exposure and close proximity to transit, highway access, shopping, universities, trails and schools, this property is ideally positioned in one of Waterloo’s most convenient neighbourhoods. A rare opportunity to secure a solid triplex in a thriving area—don’t miss out! (id:5764)

27 MARGARET Avenue North, Waterloo

Listing courtesy of CITIMAX REALTY LTD..