CAD $1,325,000
40 Menno Street, Waterloo, ON, N2L 2A7, CA
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Listing Courtesy of  Engel & Volkers Waterloo Region
8 Bd
3 Ba
1,719 sq.ft
AM-5066210
MLS#: 40695968
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!
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Listing Highlights

  • Subtype

    Triplex
  • Price Per Sq Ft

    $770.8
  • Year Built

    1911
  • Garage Spaces

    1
  • Attached Garage Y/N

    Yes
  • Living Area (Sq Ft)

    1,719 sq.ft
  • Stories

    2
  • Tax Annual Amount

    $6,653.4
  • Heating

    Forced Air, Natural Gas
  • Cooling

    None, Central Air
  • County

    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
  • Utilities
    Water Source
    Public
  • Exterior Features
    Lot Features
    Irregular Lot, City Lot
  • Construction
    Property Type
    Residential Income
    Construction Materials
    Brick, Other
    Year Built
    1911
    Property Subtype
    Triplex
    Foundation Details
    Stone
    Roof
    Asphalt
    Above Grade Finished Area
    1719
    Below Grade Finished Area
    642
    Building Area Total
    2361
  • Parking
    Parking Total
    6
    Garage
    Yes
    Garage Spaces
    1
    Parking Features
    Asphalt, Attached
  • Location

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    Home Price

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    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.

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    Updated: March 16, 2025 11:10 PM