Name: 265 GLENRIDGE DRIVE, Waterloo | MLS® X12428614
SKU: x12428614
Price: 1479999.0 CAD
Availability: InStock

$1,479,999 Sale

Listed 2 hours ago

265 GLENRIDGE DRIVE

MLS® x12428614 House

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Beds · 5+6

Baths · 5.0

Parking · 4

Sqft · 1500 - 2000

Est. mortgage

$5,615/mo

Key Facts

Key facts for 265 GLENRIDGE DRIVE

Property Type

House, House

Parking

Garage: No, 4 parking

MLS #

X12428614

Size

1500 - 2000 sqft

Basement

N/A

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

Description

Exceptional Investment Opportunity in the Heart of Waterloo! This rare student rental property is located in the core strip of Waterloo, making it an ideal choice for investors, professionals, or families looking to live mortgage-free while generating strong rental income.Perfectly situated near th...ree major universities and Conestoga College, with direct bus Route 202 access to all schools, this property offers both convenience and long-term rental demand.Key Features: 11 spacious bedrooms, 6 bathrooms, and 4 kitchens across four self-contained units, 800 sq. ft. permitted extension, completed a few years ago with full City approval , Approved rental license from the City of Waterloo , Separate laundry area for tenants convenience, 4 parking spots available, Roof replaced recently, with all equipment in excellent working condition, Consistently generating over $100,000 in gross annual income for the past three years. Potential to live in the main unit while renting out the other three units, earning approximately $6,000/month in rental income. This property has been professionally managed and well-maintained by the owner, ensuring a smooth transition for the next investor. Whether youre seeking a high-yield rental property or an opportunity to live comfortably while your tenants cover the mortgage, this home is a must-see investment in Waterloos thriving student market. (id:10452)

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Full Property Details

Interior

Bedrooms

Bedrooms Plus

Washrooms

5.0

Square Footage

1500 - 2000 sqft

Heating Source

Natural gas

Heating Type

Forced air

Air Conditioning

Central air conditioning

Kitchens

Full Bathrooms

Half Bathrooms

Basement Features

Apartment in basement, Separate entrance

Bedrooms

Bedrooms Plus

Washrooms

5.0

Square Footage

1500 - 2000 sqft

Heating Source

Natural gas

Heating Type

Forced air

Air Conditioning

Central air conditioning

Kitchens

Full Bathrooms

Half Bathrooms

Basement Features

Apartment in basement, Separate entrance

Exterior

Acreage

45 x 151.3 FT ; 81.10 X 151.27 from Back

Parking Spaces

Garage Spaces Y/N

Zoning Description

RES

Acreage

45 x 151.3 FT ; 81.10 X 151.27 from Back

Parking Spaces

Garage Spaces Y/N

Zoning Description

RES

Building Description

Style

House

Home Type

House

Subtype

House

Exterior

Aluminum siding, Brick

Sewers

Sanitary sewer

Water Supply

Municipal water

Architectural Style

Raised bungalow

Style

House

Home Type

House

Subtype

House

Exterior

Aluminum siding, Brick

Sewers

Sanitary sewer

Water Supply

Municipal water

Architectural Style

Raised bungalow

Community

Area Code

Waterloo

Area Code

Waterloo

Room Types

Bedroom

Dimensions 3 m x 3 m

96.88 sqft

Bedroom

Dimensions 3.3 m x 3.2 m

113.67 sqft

Bedroom

Dimensions 3.5 m x 3.1 m

116.79 sqft

Mandy & Joe Kovacevic

Email: [email protected] Cell: 5197225340