Waterloo Real Estate | Waterloo Multi-Family Homes for Sale

Two separate homes under one roof, both rented, both licensed with the City of Waterloo, and a lot underneath them worth a longer look. The main floor has three bedrooms, a full kitchen, a three-piece bath, and a walkout to the deck over the backyard. Downstairs is a second complete home with two bedrooms, a large separate office, its own kitchen, bath, laundry and private entrance, so the two households never have to cross paths. The house is solid brick on a poured concrete foundation with shingles done in 2016, a gas furnace, central air, water softener and sump pump. There is a detached garage and room for four more cars in the drive. The land is the part most people miss. Just over sixty feet of frontage on close to 7,500 square feet, facing north, minutes from both universities and a four-minute walk to the bus at Lincoln and Mayfield. Waterloo changed its rules in December 2024 about what low-density residential land is allowed to become, and available is a full concept package for a larger multi-unit building here, with site plan, floor plans and mechanical drawings. Lincoln Heights and Bluevale catchment, with Roselea Park on the same street. Collect the rent while you look into the rest. (id:5764)

217 MAYFIELD Avenue, Waterloo

Listing courtesy of THE AGENCY.

$798,000

5 Beds ⋅ 2 Baths ⋅ X13732242 MLS® #

Welcome to this newly renovated (2025) legal duplex in the desirable lakeshore neighbour hood, totalling $150,000+ spent, perfect for multigeneration families and investors. The house was gutted to the studs (except upper bedrooms) in 2025, with brand new electrical, plumbing, framing, drywall, new separate electric panel, windows, sliding back door, deck, gutter, appliances, water heater, water purifier, sump pump, foundation water proofing and more! Lower unit (two bedrooms one bath) has walkin access from the garage, and the second walk up entrance (2025) to the yard, with enlarged looking out windows. Treed private yard is waiting for your personal touch. All equipment owned no rental. Plumbing and electrical ready to place a dishwasher to upper kitchen island. Basement brings in 1650 Plus Utilities (2025) while Main level brings in 2600 inclusive of Utilities (2025). Live in one of the unit and rent the other as mortgage helper, or rent both and enjoy positive cashflow and easy maintenance. This duplex is conveniently located within walking distance to University of Waterloo, and along bus route to both universities, shopping and other amenities. (id:5764)

297 Toll Gate Boulevard, Waterloo

Listing courtesy of NU STREAM REALTY (TORONTO) INC..

$990,000

6 Beds ⋅ 3 Baths ⋅ X13713944 MLS® #

Purpose-built triplex in a proven Waterloo rental location - close to St. David Catholic Secondary School and WCI, and minutes to the University of Waterloo, Wilfrid Laurier University and Uptown Waterloo. Three self-contained units with some updates completed and windows in great shape. Ample on-site parking, a real draw for tenants. Lower unit held vacant for the sale, allowing the buyer to set market rent, place their own tenant, or occupy. Solid in-place income with room to improve cash flow (id:5764)

18 High Street, Waterloo

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

$990,000

40858486 MLS® #

Purpose-built triplex in a proven Waterloo rental location — close to St. David Catholic Secondary School and WCI, and minutes to the University of Waterloo, Wilfrid Laurier University and Uptown Waterloo. Three self-contained units with some updates completed and windows in great shape. Ample on-site parking, a real draw for tenants. Lower unit held vacant for the sale, allowing the buyer to set market rent, place their own tenant, or occupy. Solid in-place income with room to improve cash flow (id:5764)

18 HIGH Street, Waterloo

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

$2,100,000

12 Beds ⋅ 6 Baths ⋅ X13707616 MLS® #

Turnkey multi-residential investment - six fully leased two-storey brick townhouse units in a row, generating income from day one. Works out to only $350,000 per unit, this is an exceptional entry point into one of Ontario's strongest rental markets. Each unit features two bedrooms, a full washroom, and a rec room in the basement. Situated on a large 0.4-acre lot with 9 rear parking spaces, backing onto greenspace in a quiet, family-oriented neighbourhood minutes from the University of Waterloo and Wilfrid Laurier University - ensuring consistently strong rental demand. Excellent long-term mature tenants in place. Significant future development potential on this large lot! (id:5764)

564 Brookhaven Crescent, Waterloo

Listing courtesy of RE/MAX PRESIDENT REALTY.

$2,100,000

X13707380 MLS® #

Turnkey multi-residential investment - six fully leased two-storey brick townhouse units in a row, generating income from day one. Works out to only $350,000 per unit, this is an exceptional entry point into one of Ontario's strongest rental markets. Each unit features two bedrooms, a full washroom, and a rec room in the basement. Situated on a large 0.4-acre lot with 9 rear parking spaces, backing onto greenspace in a quiet, family-oriented neighbourhood minutes from the University of Waterloo and Wilfrid Laurier University - ensuring consistently strong rental demand. Excellent long-term mature tenants in place. Significant future development potential on this large lot! (id:5764)

564 Brookhaven Crescent, Waterloo

Listing courtesy of RE/MAX PRESIDENT REALTY.

$797,000

5 Beds ⋅ 2 Baths ⋅ X13670510 MLS® #

Certified Legal Basement Apartment/In law suite/Detached raised Bungalow/Separate Entrance/ Immediate Possession/ Investors & first time buyers Incredible, competitively-priced opportunity in sought-after Uptown Waterloo! Detached raised bungalow featuring a certified legal basement apartment with separate entrance and full kitchen - an ideal in-law suite, mortgage helper, or income-generating rental unit. Bright basement thanks to raised-bungalow design. Shares one set of utilities with the main floor. Vacant and available for immediate possession. Main Floor: Breakfast bar, backsplash, stainless-steel appliances.Primary bedroom with walk-out to deck. 3 bedrooms, 1 bath. Legal Basement Apartment: Full kitchen, separate entrance, walk-out to garage. 2 bedrooms, 1 bath. Parking: 1 garage + 2 driveway spaces (3 total). Lot: 50' x 151' - deep lot with future potential. Recent Updates: 2 brand new washrooms (2026). Upstairs Rang hood & stove (2026). Fresh paint (2026). Dishwasher (2025). Water softener (2025, owned). Fridge (2021). Laundry pair (2021). Roof approx. 7 years. Most windows updated 2020. Tankless water heater (owned). Furnace (Brand new Rented - 2025) and A/C unit in good working condition. Unbeatable location - minutes to Uptown Waterloo, Conestoga College, University of Waterloo, Wilfrid Laurier University, shopping, and public transit. Perfect for investors, multi-generational families, or buyers looking to live upstairs while the basement apartment helps cover the mortgage. (id:5764)

199 Allen Street East, Waterloo

Listing courtesy of HOMELIFE/MIRACLE REALTY LTD.

$890,000

3 Beds ⋅ 2 Baths ⋅ 40855405 MLS® #

Welcome to this exceptional bungalow featuring two legal units, offering a fantastic opportunity for homeowners, investors, or multi-generational families. Located in the desirable Old Lakeshore neighbourhood, this well-maintained property combines comfortable living, excellent rental potential, and an impressive 8’ x 20’ Swim Spa. The home has been thoughtfully updated over the years, including a newer electrical panel and plumbing, a 2020 furnace and A/C, a 2020 on-demand water heater, a 2019 asphalt driveway, an updated, newly legal 1-bed basement unit, a garage door, eavestroughs and fascia, plus an updated steel roof. The front porch and fully fenced backyard were newly completed this year. The bright primary bedroom features sliding-door access to a new deck surrounding the Swim Spa, creating a private and relaxing outdoor oasis. The fenced yard, complemented by privacy curtains and mature trees, offers excellent potential to create your own backyard retreat. A large storage shed provides additional convenience. Inside, the spacious updated kitchen is ideal for anyone who loves to cook, featuring stainless steel appliances, a gas stove, oversized refrigerator, deep sink, and an extra-large peninsula countertop. The updated main-floor bathroom includes convenient laundry and a walk-in shower. The living room is filled with natural light through a large picture window overlooking the peaceful cul-de-sac. Downstairs, the legal 1 beds basement provides a gas fireplace, modern kitchen, additional bedroom, and full bathroom. It is ideal for independent living and also offers excellent potential as a stable rental unit, providing an additional source of rental income for the property. Enjoy a fantastic location close to Laurelwood Conservation Area, the University of Waterloo, and the LRT, while being within walking distance of schools, public transit, and shopping. (id:5764)

510 OAKRIDGE Place, Waterloo

Listing courtesy of Royal LePage Peaceland Realty.

$1,449,000

14 Beds ⋅ 3 Baths ⋅ X13663900 MLS® #

Welcome to 367 Holly Street North, Waterloo - where exceptional income potential meets an unbeatable location! This rare, City-approved and fully licensed student rental triplex presents an outstanding investment opportunity in one of Waterloo's most sought-after university rental markets. Featuring 14 bedrooms across three self-contained units - two 5-bedroom suites and one 4-bedroom suite - 3 full bathrooms, 3 kitchens, and over 2,300 sq. ft. of above-grade living space, this property is designed to maximize rental income while providing comfortable living for tenants. With potential gross annual income exceeding $114,000, this turnkey investment offers strong income potential and positive cash flow, with additional revenue from coin-operated laundry and six dedicated parking spaces. Recent upgrades include fresh paint throughout, modernized bathrooms, maple kitchen cabinetry, contemporary countertops, ceramic flooring, thermal-pane windows, and secure keypad entry for each unit. Situated on a generous 60' x 130' lot with R4 zoning, the property offers excellent long-term potential. Ideally located within walking distance of the University of Waterloo, Wilfrid Laurier University, and Conestoga College, plus transit, shopping, restaurants, parks, and everyday amenities. Whether you're an experienced investor expanding your portfolio or a first-time buyer seeking a high-income property, 367 Holly Street North delivers the rare combination of positive cash flow, strong rental income, multiple self-contained units, a prime student-rental location, modern upgrades, ample parking, and long-term investment potential. A true turnkey opportunity in a high-demand market - don't miss it! (id:5764)

367 Holly Street North, Waterloo

Listing courtesy of RE/MAX ULTIMATE REALTY INC..

$2,300,000

8 Baths ⋅ X13653612 MLS® #

Amazing Investment 21 Rooms Property In Prime Rental Area. Students Rental Building. Close Walk To University Of Waterloo, Plaza And Several Bus Routes. This Building Featuring Contain Total 21 Bedrooms, 8 Baths, 4 Kitchens, Laundry, 9 Parking Student Apartment Building. Each Unit Contains 5 Bedrooms Or 6 Bedrooms,2 Full Baths And A Full Kitchen. Well Maintained Building, Leased With A Great Rental History. Very Profitable Apartment. Make Rental Income While Property Value Goes Up!! (id:5764)

379 Erb Street West, Waterloo

Listing courtesy of RIGHT AT HOME REALTY.

$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. VTB 2nd may be available for a qualified buyer. (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. VTB 2nd may be available for a qualified buyer. 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..

$5,980,000

14 Beds ⋅ 6 Baths ⋅ X13229126 MLS® #

Plan Approved! Ready For Building Permit! 329 and 331 Spruce, 2 Assembled Lots To Be PurchasedTogether! Approved Plan For A 9-Storey Student Residence Featuring 88 Bedrooms! ExceptionalOpportunity For Builders, Developers And Investor In Prime Location Just Steps From Campus!Currently Income Generating And Professionally Managed! Turnkey Operation For Investors LookingTo Hold And Benefit! Conveniently Located Within Walking distance Of University, Shopping,Public Transit, Employment Centres, Parks And More! Rare Chance To Secure A High-PotentialDevelopment Site In Sought-After Location! (id:5764)

329 Spruce Street, Waterloo

Listing courtesy of SUTTON GROUP-ADMIRAL REALTY INC..

$5,980,000

10 Beds ⋅ 9 Baths ⋅ X13230398 MLS® #

Plan Approved! Ready For Building Permit! 331 and 329 Spruce, 2 Assembled Lots To Be PurchasedTogether! Approved Plan For A 9-Storey Student Residence Featuring 88 Bedrooms! ExceptionalOpportunity For Builders, Developers And Investor In Prime Location Just Steps From Campus!Currently Income Generating And Professionally Managed! Turnkey Operation For Investors LookingTo Hold And Benefit! Conveniently Located Within Walking distance Of University, Shopping,Public Transit, Employment Centres, Parks And More! Rare Chance To Secure A High-PotentialDevelopment Site In Sought-After Location! (id:5764)

331 Spruce Street, Waterloo

Listing courtesy of SUTTON GROUP-ADMIRAL 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..

$829,999

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.

$769,999

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..

$1,749,000

15 Beds ⋅ 6 Baths ⋅ 40823673 MLS® #

SPACIOUS 3 UNIT TRIPLEX BUILDING IN A CONVENIENT WATERLOO LOCATION. This exceptionally well-maintained property features three spacious apartment units, each offering a functional layout with generous living space and multiple bedrooms and bathrooms. Fully rented and providing immediate cash flow. Professionally managed by a property management company, the property has been carefully maintained, is in excellent condition throughout, and offers low-maintenance ownership. Each unit includes stove, fridge, washer, dryer and microwave, along with separate hydro meters for each unit. The property also offers ample parking at the rear. Conveniently located close to schools, shopping, public transit, everyday amenities and major roadways, including Highway 85. (id:5764)

24 COLUMBIA Street West, Waterloo

Listing courtesy of CENTURY 21 RIGHT TIME REAL ESTATE INC..

$1,200,000

4 Beds ⋅ 2 Baths ⋅ 40817561 MLS® #

Redevelopment Opportunity, Prime Location on High Traffic Albert Street. Can be purchased with 289 Albert Street. Adjacent properties at 285 and 293 Albert Street are also for sale for a larger parcel. Currently leased to provide income while you plan your redevelopment project. Zoning RN-6. (id:5764)

291 ALBERT Street, Waterloo

Listing courtesy of Royal LePage Wolle Realty.

$949,000

40818122 MLS® #

AAA Location with lot's of parking, City approved and licensed with the City of Waterloo. 3 -4 bedroom units, significant renovations to one of the units, the other two units are in great shape. (id:5764)

379 HOLLY Street, Waterloo

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

$1,200,000

7 Beds ⋅ 3 Baths ⋅ 40817654 MLS® #

High Income Licensed Student Rental or Redevelopment Opportunity, Prime Location on High Traffic Albert Street. Four adjacent properties are currently for sale 285, 289, 291 & 293 Albert Street. Group this property with 285 Albert for corner access, add 291 Albert for a larger project or add 293 Albert for the full land assembly and the opportunities that provides. Can be purchased individually as an excellent student rental property or with neighbouring properties. Currently leased to provide income while you plan your redevelopment project. Zoning RN-6. Legal Duplex. Licensed for 7. Leased Until August 2027. (id:5764)

289 ALBERT Street, Waterloo

Listing courtesy of Royal LePage Wolle Realty.

$2,390,000

8 Baths ⋅ X12834348 MLS® #

Fourplex Apartment With 4 Units As Each Units With 5 Rooms And 2 Full 4pcs Washrooms. Open Concept Kitchen, Living Room And Ensuite Laundry In Each Unit. Each Unit Contains Individual High Efficiency Furnances And Air Conditioners. University Of Waterloo, Wilfrid Laurier And Conestoga College Are Just Minutes Away From This Building. High Ceiling Through Out All Units. Fully Renovated Basement. Brand New AC In Unit 2, Brand New Furnace In Unit 1.Just A Minute Walk To Public Transit And Amenities. Each Unit Has An Individual Mail Box. High Demand For Student Rental. (id:5764)

327 Spruce Street, Waterloo

Listing courtesy of HOMELIFE/FUTURE REALTY INC..

Waterloo Multi-Family Properties for Sale

Newest Waterloo Multi-Family Homes for Sale

Team Shody Real Estate

Search

Resources

About