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265 Glenridge Drive Waterloo, Ontario N2J 3W5

11 Bedroom 6 Bathroom 1500 - 2000 sqft
Raised Bungalow Central Air Conditioning Forced Air

$1,479,999

Exceptional Investment Opportunity in the Heart of Waterloo! This rare LEGAL DUPLEX , is located in the core strip of Waterloo, making it an ideal choice for investors, professionals, or families looking to live mortgage-free while generating strong rental income.Perfectly situated near Waterloo University, Wilfrid L & St. Jerome Unersities and Conestoga College, with direct bus Route 202 access to all schools, this property offers both convenience and long-term rental demand.Key Features: 11 spacious bedrooms, 6 bathrooms, and 4 kitchens across four self-contained units, 800 sq. ft. permitted extension, completed a few years ago with full City approval , Approved rental license from the City of Waterloo , Separate laundry area for tenants convenience, 4 parking spots available, Roof replaced recently, with all equipment in excellent working condition, Consistently generating over $100,000 in gross annual income for the past three years. Potential to live in the main unit while renting out the other three units, earning approximately $6,000/month in rental income. This property has been professionally managed and well-maintained by the owner, ensuring a smooth transition for the next investor. Whether youre seeking a high-yield rental property or an opportunity to live comfortably while your tenants cover the mortgage, this home is a must-see investment in Waterloos thriving student market. Walk Out Legal Basement (id:60365)

Property Details

MLS® Number X12428614
Property Type Single Family
Features Wooded Area
ParkingSpaceTotal 4

Building

BathroomTotal 6
BedroomsAboveGround 5
BedroomsBelowGround 6
BedroomsTotal 11
Appliances All, Water Heater
ArchitecturalStyle Raised Bungalow
BasementDevelopment Finished
BasementFeatures Apartment In Basement, Walk Out
BasementType N/a (finished)
ConstructionStyleAttachment Detached
CoolingType Central Air Conditioning
ExteriorFinish Aluminum Siding, Brick
FoundationType Block
HalfBathTotal 1
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 1
SizeInterior 1500 - 2000 Sqft
Type House
UtilityWater Municipal Water

Parking

No Garage

Land

Acreage No
Sewer Sanitary Sewer
SizeDepth 151 Ft ,3 In
SizeFrontage 45 Ft
SizeIrregular 45 X 151.3 Ft ; 81.10 X 151.27 From Back
SizeTotalText 45 X 151.3 Ft ; 81.10 X 151.27 From Back
ZoningDescription Res

Rooms

Level Type Dimensions
Basement Kitchen 3.1 m x 3.5 m
Basement Bedroom 3.5 m x 3.1 m
Basement Bedroom 3 m x 3 m
Basement Bedroom 3 m x 3 m
Basement Bedroom 3.1 m x 3 m
Basement Bedroom 2.85 m x 2.88 m
Basement Bedroom 3.3 m x 3.2 m
Main Level Kitchen 4.67 m x 3.88 m
Main Level Living Room 5.66 m x 4.01 m
Main Level Primary Bedroom 3.68 m x 3.47 m
Main Level Bedroom 2 3.25 m x 2.46 m
Main Level Bedroom 3 3.35 m x 3.02 m
Main Level Eating Area 3.2 m x 3 m
Main Level Bedroom 4 3.02 m x 3.1 m
Main Level Bedroom 5 3.03 m x 3.2 m

https://www.realtor.ca/real-estate/28917312/265-glenridge-drive-waterloo

Mazhar Majeed
Broker

RE/MAX Champions Realty Inc.
25-1098 Peter Robertson Blvd
Brampton, Ontario L6R 3A5

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October 16 2025 03:36:06

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