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275-279 Herbert Street, Waterloo, ON N2J 1V3

Waterloo, ON, N2J 1V3

28 Beds
17 Baths
Sq Ft
13 Parking
Multiplex Type
X12315782 MLS#

About this property

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.

Features & Amenities

  • Basement: Full
  • Garage: Detached
  • Cooling: Other
  • Heat Type: Baseboard
  • Heat Source: Other
  • Style: Other
  • Construction: Brick
  • Sewer: Sewer

Property Details

Property Type Residential Freehold
Property Sub-Type Multiplex
Architectural Style Other
Bedrooms 28
Bathrooms 17
Basement Full
Garage Detached
Parking Spaces 13
Heat Type Baseboard
Heat Source Other
Cooling Other
Sewer Sewer
Annual Tax $27,174
Tax Year 2025

Interior Features

Interior Features
Water Softener, Water Heater Owned

Exterior Features

Pool Features
None

Building & Construction

Architectural Style
Other
Construction Materials
Brick
Foundation Details
Other
Roof
Shingles
Basement
Full
Approximate Age
51-99

Heating & Cooling

Heat Type
Baseboard
Heat Source
Other
Cooling
Other

Parking & Garage

Garage Type
Detached
Garage
Yes
Parking Spaces
13
Parking Total
17.00
Covered Spaces
4

Lot & Land

Lot Size Units
Feet
Lot Depth
195.33
Lot Width
229.50

Community & Neighborhood

Property Features
Hospital, Park, Place Of Worship, School, Public Transit

Financial & Tax

Tax Annual Amount
$27,174
Tax Year
2025
Possession Type
Immediate
Possession Details
Immediate

Utilities & Services

Sewer
Sewer

Room Details

Rooms Above Grade
17
Kitchens Above Grade
17
Kitchens Total
17
Bedrooms Above Grade
28

Additional Details

Occupant Type
Tenant
Direction Faces
West
County Or Parish
Waterloo
Cross Street
Turn off of Union Street East or Pine Street.
Directions
Turn off of Union Street East or Pine Street.
Special Designation
Unknown
Showing Requirements
Showing System

Location

275-279 Herbert Street, Waterloo, ON N2J 1V3, Waterloo, ON, N2J 1V3

Listing courtesy of ROYAL LEPAGE WOLLE REALTY
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