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Home ON Kitchener - Cambridge - Waterloo Waterloo Central
275-279 HERBERT Street
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275-279 HERBERT Street $3,650,000
4 days ago
$3,650,000
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275-279 HERBERT Street
Waterloo, Ontario N2J1V3

MLS® Number: 40755755
28
Bedrooms
17
Bathrooms
10697
Square Feet

Listing Description

Welcome to 275, 277, and 279 Herbert Street in Waterloo – an outstanding turnkey purpose-built three Building Apartment complex nestled in one of Waterloo’s sought-after neighbourhoods. This investment opportunity features two 6-plex buildings and one 5-plex building, offering a total of 17 fully leased units with a solid rental history and strong income potential. Located within walking distance to Grand River Hospital (now known as Waterloo Regional Health Network at Midtown), multiple LRT stops, a variety of shops, cafes, and popular restaurants, this well-maintained property blends urban convenience with long-term investment stability. Residents enjoy easy access to public transit, parks, schools, and Waterloo’s vibrant core – making this an attractive address for Tenants of all ages. The unit mix features one Bachelor Unit, six One-Bedroom Units, nine Two-Bedroom Units, and one Three-Bedroom Unit. Each Building has been well maintained, and each is equipped with on-site Laundry facilities for Tenant convenience, and the property includes a detached Garage with four rentable parking spaces, providing additional monthly income. This is a turn-key investment with low vacancy rates, reliable Tenants, and a steady cash flow with great potential for future value appreciation, all located in a thriving and growing City known for it’s flourishing Tech industry and Universities. Whether you’re a seasoned Investor, new to Multi-Residential ownership, or looking for a possible future Redevelopment opportunity, this property offers the perfect blend of location, stability, and upside. Don’t miss your chance to own a strategic income-generating asset in the ever-expanding Waterloo market. (69426871)

Location Description

Turn off of Union Street East or Pine Street.

Property Summary

Property Type
Multi-family
Storeys
2
Square Footage
10697 sqft
Subdivision Name
114 - Uptown Waterloo/North Ward
Title
Freehold
Land Size
1/2 - 1.99 acres
Annual Property Taxes
$27,173.95
Parking Type
Detached Garage
Time on REALTOR.ca
4 days

Building

Bathrooms
Total
17
Interior Features
Appliances Included
Water softener
Basement Type
Full (Finished)
Building Features
Total Units
17
Heating & Cooling
Heating Type
Baseboard heaters
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Neighbourhood Features
Community Features
Quiet Area
Amenities Nearby
Hospital, Park, Place of Worship, Public Transit, Schools, Shopping
Parking
Parking Type
Detached Garage
Total Parking Spaces
17

Measurements

Square Footage
10697 sqft
Above Grade Finished
10697 sqft
Source: Other

Land

Lot Features
Frontage
230 ft
Other Property Information
Zoning Description
R9
Data provided by: Cornerstone - Waterloo Region 540 Riverbend Drive, Kitchener, Ontario N2K 3S2

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