For Sale


7 Elgin Street, Waterloo, ON N2J 2P7

20 Beds


$164,400 Gross Effective Annual Income Available Here! Invest in a Rare and Profitable Fourplex Near All of Waterloo's Post-secondary institutions.This is your chance to own a purpose-built, fourplex apartment building in a prime location. It’s just steps away from Wilfrid Laurier University and Uptown Waterloo and a short walk to Conestoga College and University of Waterloo. You’ll never have trouble finding tenants for these spacious and modern units. Each one features five bedrooms, two full bathrooms, and a large open concept kitchen-living room as well as in-suite laundry. Note handicap access, controlled entry and individual electrical and gas meters. Each unit has its own high efficiency furnace and air conditioner for optimal comfort. This is a quality-built, turn-key rental operation that is exempt from rental licensing. Don’t miss this rare opportunity to invest in a market with very few purpose-built buildings available. Contact me today to arrange a private showing - and learn how this building can exceed your investment needs!




Tenants' Possessions

Property Summary

  • Lot Frontage: 55.03 Feet
  • Lot Depth: 122.97 Feet
  • No. of Parking Spaces: 6
  • Floor Space (approx): 4536 Square Feet
  • Built in: 2006
  • Bedrooms: 20
  • Zoning: U1-40

Property Features:

  • Basement:
    Full , Finished
  • Cooling:
    Central Air
  • Exterior Features:
    Separate Hydro Meters , Year Round Living
  • Heating:
    Forced Air , Natural Gas
  • Interior Features:
    Separate Heating Controls , Separate Hydro Meters
  • Acres Range:
    < 0.5
  • Driveway Parking:
  • Laundry Features:
  • Lot Features:
    Irregular Lot , Paved , Business Centre , City Lot , Library , Park , Place of Worship , Public Transit , Schools
  • Parking Features:
  • Road Frontage Type:
    Municipal Road , Year Round Road
  • Roof:
    Asphalt Shing
  • Security Features:
    Alarm System , Carbon Monoxide Detector(s)
  • Sewer:
    Sewer (Municipal)
  • Water Source:
Neighbourhood Info

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