2 days on Market

275-279 Herbert St, Waterloo, Ontario N2J 1V3

Townhouse
28
17
~5000 + sqft
$3,650,000
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Townhouse
28
17
~5000 + sqft

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Highlights

Property Estimate

Days on market2 days

Estimated valueNot available

Price/Sqft$365/sqft

Monthly cost

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CMA Subject Property

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+3

Properties sold*

$629K

Median sold price*

*Based on last 30 days

Description

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 Details

StyleOther
View-
Age of property51-99
SqFt~5000 + SqFt
Lot Size44,828 SqFt(195.33 x 229.5)
Parking Spaces17
MLS ®NumberX12315782
Community NameCentral
Data SourceTRREB
Listing byROYAL LEPAGE WOLLE REALTY

Features

Heating: Baseboard
Cooling: Other
Basement: Full

Features

Lot size: 44,828 SqFt

Parking

Garage spaces 4

Garage type Detached

Other parking spaces 13

Total parking spaces 17


Market Data - Central

Geo Zone Map ThumbnailCentral

Strong Seller's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

0 day

Compared to

2024

18 days

2023

32 days

2022

13 days

New Listings

Past 30 days

3 listings

Compared to

2024

2 listings

2023

3 listings

2022

2 listings

Units sold

Past 30 days

0 unit

Compared to

2024

3 units

2023

1 unit

2022

3 units

Median Sold Price

Past 30 days

$0

Compared to

2024

$629,000

2023

$620,000

2022

$490,000


Population and Demographics

Overview

Total population 13995
Average household income $123,262

Age (%)

0 to 19
13%
20 to 34
38%
35 to 49
15%
50 to 64
13%
65 and plus
21%

Household composition (%)

Single person
44%
Single family
43%
Multi person
13%
Multi family
0%

Mother tongue (%)

English
79%
Others
5%
Mandarin
5%
German
2%
Spanish
1%
French
1%
Hindi
1%
Arabic
1%

House tenancy (%)

Renters
64%
Owners
36%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget