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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
5 days ago
$3,650,000
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275-279 HERBERT STREET
Waterloo, Ontario N2J1V3

MLS® Number: X12315782
28
Bedrooms
17
Bathrooms
5000 - 100000
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 Waterloos 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 Waterloos 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 its 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. (40987211)

Location Description

Turn off of Union Street East or Pine Street.

Property Summary

Property Type
Multi-family
Building Type
Other
Square Footage
5000 - 100000 sqft
Land Size
229.5 x 195.3 FT
Age Of Building
51 to 99 years
Annual Property Taxes
$27,173.95
Parking Type
Detached Garage, Garage
Time on REALTOR.ca
5 days

Building

Bedrooms
Above Grade
28
Bathrooms
Total
17
Interior Features
Appliances Included
Water softener, Water Heater
Basement Type
Full
Building Features
Features
Irregular lot size
Heating & Cooling
Heating Type
Baseboard heaters
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Neighbourhood Features
Amenities Nearby
Hospital, Park, Place of Worship, Schools, Public Transit
Parking
Parking Type
Detached Garage, Garage
Total Parking Spaces
17

Measurements

Square Footage
5000 - 100000 sqft

Land

Lot Features
Frontage
229 ft ,6 in
Land Depth
195 ft ,3 in
Other Property Information
Zoning Description
R9
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1

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