172 Elgin Cres, Waterloo, Ontario N2J 2S6

Licensed Dwelling with Walkout Basement in Prime Waterloo Location A Turnkey Investment Opportunity! 3 bedrooms up and 2 in the lower unit Outstanding opportunity to own a licensed 2-unit brick bungalow with a loft and walkout basement, ideally located just steps to Uptown Waterloo, WLU, University of Waterloo, Conestoga College, shopping, and the LRT. Main Floor 3 bedroom unit vacant August 31 2025.This versatile property is perfect for investors, multigenerational living, or parents seeking housing for university students. The main level features a bright, functional layout with two bedrooms plus a loft bedroom, an eat-in kitchen with updated counter and faucet (2022), living room, and a 3-piece bathroom. An enclosed front porch and side entry offer practical access and added charm. The fully finished lower level renovated in 2017includes large windows, a separate entrance, a generous family room with walkout to a covered patio, two bedroom, a 4-piece bathroom, and a stylish second kitchen. The basement also houses a large utility room and laundry (2020 full-size stackable), cold cellar, and plenty of storage. This home has been thoughtfully maintained and upgraded, including: 50-year steel roof, New furnace (2022) New main floor fridge (2024) Vinyl plank flooring (2019) Updated basement windows (2018/2019) New water softener (2019) Eavestroughs and garage door (2020) Custom window blinds in basement (2022) The deep, fully fenced backyard features a 9' x 12' shed, ideal for extra storage or future creative use. Hardwood floors in the main floor bedrooms , Vinyl plank in the living room and hallway . With a valid Waterloo rental license, this property is move-in or rent-out ready, offering excellent income potential in a sought-after location. Whether you're an investor looking for solid returns, or a buyer seeking flexible living with mortgage-helper potential, this one checks all the boxes.

Inclusions: Built-in Microwave, Hot Water Tank Owned