$3,650,000
Est. payment /mo
28 Beds
17 Baths
New
275-279 Herbert ST Waterloo, ON N2J 1V3
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Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
MLS Listing ID X12315782
Style Other
Bedrooms 28
Building Age 51-99
Annual Tax Amount $27,173
Tax Year 2025
Property Sub-Type Multiplex
Property 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.
Location
Province ON
County Waterloo
Area Waterloo
Rooms
Family Room No
Basement Full
Kitchen 17
Interior
Interior Features Water Softener, Water Heater Owned
Cooling Other
Fireplace No
Heat Source Other
Exterior
Garage Spaces 4.0
Pool None
Roof Type Shingles
Lot Frontage 229.5
Lot Depth 195.33
Total Parking Spaces 17
Building
Unit Features Hospital,Park,Place Of Worship,School,Public Transit
Foundation Other
Listed by ROYAL LEPAGE WOLLE REALTY
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