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.
Property Type:
Residential Freehold
Property Sub Type:
Multiplex
Home Style:
Other
Approx. Age:
51-99
Total Approx Floor Area:
5000 +
Depth:
195'4"59.5 m
Frontage:
229'6"70 m
Lot Shape:
Irregular
Direction Faces:
West
Bedrooms:
28
Bathrooms:
17.0
Water supply:
Municipal
Kitchens:
17
Bedrooms Above Grade:
28
Kitchens Above Grade:
17
Rooms Above Grade:
17
Zoning:
R9
Heating type:
Baseboard
Heating Fuel:
Other
Foundation:
Other
Roof:
Shingles
Basement:
Full
Fireplace/Stove:
No
Garage:
Detached
Garage Spaces:
4.0
Parking Spaces:
13
Total Parking Spaces:
17.0
Family Room:
No
Possession Details:
Immediate
Pool:
None
HST Applicable To Sale Price:
Not Subject to HST
Taxes:
$27,173.95 /
2025
Assessment:
$- /
-
Waterloo
Waterloo
Hospital, Park, Place Of Worship, School, Public Transit
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