Contemporary kitchen, ceramic/tile floor for 40 Menno St, Waterloo Ontario N2L 2A7
15 days on Market

40 Menno St, Waterloo, Ontario N2L 2A7

Townhouse
6 + 2
3
~1500-2000 sqft
$1,325,000
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Townhouse
6 + 2
3
~1500-2000 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$773/sqft

Est. Mortgage$5,690/mo

Tax Amount (2024)$6,553/yr

Days On Market15 days


Description

Rare Investment Opportunity in Prime Uptown Waterloo! Discover this exceptional legal triplex ( two 2 bedroom units and one 4 bedroom unit ), perfectly situated in the heart of Uptown Waterloo, 4 minutes walk to restaurants, shops, Waterloo Town Square, LRT, Waterloo Park and all the conveniences of city living. With a rare Lane-way (Wells Lane) access at the back with additional 3 parking and a shed, this property offers both functionality and investment appeal . Property Highlights: Turnkey and fully updated with numerous recent upgrades, ensuring a hassle-free investment. The main unit is brand new and vacant, making it ideal for an owner-occupier or a high-quality tenant at market rent. The upper unit and lower unit are both leased to great tenants at market rates, providing immediate and stable rental income. Located in one of Waterloos most desirable neighbourhoods, this property is within walking distance of trendy cafes, restaurants, boutique shops, parks, and public transit, offering unbeatable convenience. Why Invest Here? 1-Strong rental demand in a sought-after location. 2-Ideal for investors looking for a solid income property with minimal maintenance. 3-Perfect for house hacking - live in one unit while tenants help cover your mortgage. 4 - Highest land value in Waterloo Region With its prime location, modern upgrades, and strong rental potential, this rare find wont last long. Don't miss this incredible opportunity to own a highly desirable triplex in Uptown Waterloo!


Property Details

Style2 1/2 Storey
View-
Age of property100+
SqFt~1500-2000 SqFt
Lot Size5,207 SqFt(127 x 41)
Parking Spaces6
MLS ®NumberX11962139
Community NameCentral
Data SourceTRREB
Listing byENGEL & VOLKERS WATERLOO REGION

Features

Heating: Forced Air
Basement: Finished, Full

Bsmt Floor

Living

5.18 x 3.15

Kitchen

4.06 x 3.15

Laundry

2.01 x 3.61

Bathroom

2.29 x 1.42

3 Pc Bath


Features

Lot size: 5,207 SqFt

Parking

Garage spaces 1

Garage type Attached

Other parking spaces 5

Total parking spaces 6


Property listed by ENGEL & VOLKERS WATERLOO REGION, Brokerage

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Population and Demographics

Overview

Total population 13995
Average household income $123,262

Age (%)

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

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%

Schools and amenities

Estimated Budget