Rare Investment Opportunity in Prime Uptown Waterloo! Discover this exceptional legal triplex ( two 2 bedroom units and one 4 bedroom unit ), perfectly situated in the heart of Uptown Waterloo, 4 minutes walk to restaurants, shops, Waterloo Town Square, LRT, Waterloo Park and all the conveniences of city living. With a rare Lane-way (Wells Lane) access at the back with additional 3 parking and a shed, this property offers both functionality and investment appeal . Property Highlights: Turnkey and fully updated with numerous recent upgrades, ensuring a hassle-free investment. The main unit is brand new and vacant, making it ideal for an owner-occupier or a high-quality tenant at market rent. The upper unit and lower unit are both leased to great
tenants at market rates, providing immediate and stable rental income. Located in one of Waterloo’s most desirable neighborhoods, this property is within walking distance of trendy cafés, restaurants, boutique shops, parks, and public transit, offering unbeatable convenience. Why Invest Here? 1-Strong rental demand in a sought-after location. 2-Ideal for investors looking for a solid income property with minimal maintenance. 3-Perfect for house hacking—live in one unit while tenants help cover your mortgage. 4- Highest land value in Waterloo Region With its prime location, modern upgrades, and strong rental potential, this rare find won’t last long. Don’t miss this incredible opportunity to own a highly desirable triplex in Uptown Waterloo!
tenants at market rates, providing immediate and stable rental income. Located in one of Waterloo’s most desirable neighborhoods, this property is within walking distance of trendy cafés, restaurants, boutique shops, parks, and public transit, offering unbeatable convenience. Why Invest Here? 1-Strong rental demand in a sought-after location. 2-Ideal for investors looking for a solid income property with minimal maintenance. 3-Perfect for house hacking—live in one unit while tenants help cover your mortgage. 4- Highest land value in Waterloo Region With its prime location, modern upgrades, and strong rental potential, this rare find won’t last long. Don’t miss this incredible opportunity to own a highly desirable triplex in Uptown Waterloo!
Read More
Listing Highlights
Subtype
TriplexPrice Per Sq Ft
$770.8Year Built
1911Garage Spaces
1Attached Garage Y/N
YesLiving Area (Sq Ft)
1,719 sq.ftStories
2Tax Annual Amount
$6,653.4Heating
Forced Air, Natural GasCooling
None, Central AirCounty
Waterloo
Property Details
- Interior Features
Bedrooms
- Bedrooms: 8
Bathrooms
- Total Bathrooms: 3
Other Rooms
- Basement: Yes
- Basement Description: Walk-Up Access, Full, Finished
Interior Features
- Laundry Features: Common Area, In Unit
- Security Features: Smoke Detector(s), Carbon Monoxide Detector(s)
Appliances
- Cooktop
- Microwave
- Dishwasher
- Dryer
- Refrigerator
- Washer
Heating & Cooling
- Heating: Forced Air, Natural Gas
- Cooling: None, Central Air
- UtilitiesWater SourcePublic
- Exterior FeaturesLot FeaturesIrregular Lot, City Lot
- ConstructionProperty TypeResidential IncomeConstruction MaterialsBrick, OtherYear Built1911Property SubtypeTriplexFoundation DetailsStoneRoofAsphaltAbove Grade Finished Area1719Below Grade Finished Area642Building Area Total2361
- ParkingParking Total6GarageYesGarage Spaces1Parking FeaturesAsphalt, Attached
Location
- ON
- Waterloo
- N2L 2A7
- Waterloo
- 40 Menno Street
Payment Calculator
Enter your payment information to receive an estimated monthly payment
Home Price
Down Payment
Mortgage Loan
Year Fixed
Your Monthly Payment
CAD$7,732.34
This payment calculator provided by Engel & Völkers and is intended for educational and planning purposes only. * Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Updated: March 16, 2025 11:10 PM