139 Elgin Crescent,Waterloo, ON N2J 2S5
Waterloo, ON N2J 2S5
Description
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 investmentbuy today and collect strong rent tomorrow.
Details
| MLS # | 40844518 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1958 |
| Days On Site | 48 |
| Listing Provided By | Royal LePage Wolle Realty | Mike Milovick |
Features
| SQ Feet | 1,017 |
|---|---|
| Garage | 1 |
| Basement | Y |
| Story(s) | 1 |
| Units | 2 |
| Zoning | R1 |
| Acreage | 0.15 |
Interior
| Appliances | Water Softener, Hot Water Tank Owned, Dishwasher, Dryer, Refrigerator, Stove, Washer |
|---|---|
| Interior Features | Accessory Apartment |
| Cooling | Central Air |
| Cooling Yes / No | No |
| Heating | Forced Air, Natural Gas |
| Heating Yes / No | Yes |
| Laundry Features | Common Area |
Exterior
| Exterior Features | Year Round Living |
|---|---|
| Lot Features | Rectangular, City Lot, Public Transit, Quiet Area, School Bus Route, Shopping Nearby |
| Construction Materials | Brick, Vinyl Siding |
| Roof | Asphalt Shing |
| Foundation Details | Poured Concrete |
| Patio And Porch Features | Patio, Porch |
| Security Features | Carbon Monoxide Detector, Smoke Detector, Carbon Monoxide Detector(s) |
Parking
| Garage Spaces | 1 |
|---|---|
| Parking Features | Attached Garage, Garage Door Opener |
| Open Parking Yes / No | Yes |
| Attached Garage Yes / No | Yes |
Utilities
| Sewer | Sewer (Municipal) |
|---|
Taxes
| Tax Annual Amount | 6745.95 |
|---|
Area Information
| Province | ON |
|---|---|
| Region | Waterloo |
| City | Waterloo |
| Postal Code | N2J 2S5 |
| Area | 1 Waterloo East |
| Subarea | 116 Glenridge | Lincoln Heights |
| Community Name | 116 Glenridge/Lincoln Heights |
| Listing VS Median (in 116 Glenridge/Lincoln Heights) | |
Price: $999,900 low | high Med: $410,000 sqft: 1,017 low | high Med: 1,162 $ / sqft: $983 low | high Med: $353 On site: 48 low | high Med: 4 | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Waterloo |
| City | Waterloo |
| Postal Code | N2J 2S5 |
| Area | 1 Waterloo East |
| Subarea | 116 Glenridge | Lincoln Heights |
| Community Name | 116 Glenridge/Lincoln Heights |
| Listing VS Median (in 116 Glenridge/Lincoln Heights) | |
Price: $999,900 low | high Med: $410,000 sqft: 1,017 low | high Med: 1,162 $ / sqft: $983 low | high Med: $353 On site: 48 low | high Med: 4 | |
