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New Listing
$1,249,900
 $6,710 est/mo Sourced by Back At You

19 James Street,Waterloo, ON N2J 2S8

Waterloo, ON N2J 2S8

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Description

$91,000+ Gross Annual Income Available Here! Rare University District Triplex with Strong Income and Future Upside! Opportunities like this are increasingly difficult to find in Waterloo's highly sought-after rental market. Located on a cul-de-sac that is about a one minute walk to Wilfrid Laurier University's Science Building and a quick e-scooter ride to University of Waterloo, this Money Maker is also in close proximity to all amenities that make Waterloo great (Uptown Waterloo with its boutiques and bars). This City approved, rental licensed building offers investors an exceptional combination of location, income, and long-term potential. The property features three self-contained units with a desirable mix of two 3-bedroom units and one 5-bedroom unit, for a total of 11 bedrooms. Combining the charm and character of a century home with a purpose built addition, this property features spacious layouts, generous bedroom sizes, in-suite laundry, and ample on-site parking for up to six vehicles - note both the independent driveway as well as surface parking.With strong Day One cash flow, future turnover may offer investors opportunities to further optimize rents and improve returns. Separate hydro and gas meters create additional expense-management possibilities. At the property, look up and note the institutional-quality developments across the street and at the corner. The property's RMU-30 zoning while being surrounded by undeveloped homes may also merit future consideration for redevelopment or intensification. I have owned property on this street - and you should too. Whether you're an experienced investor looking to expand your portfolio, a first-time multi-residential buyer seeking a foothold in Waterloo's resilient rental market, or a parent investor planning ahead for university housing needs (send your kid to school and make money), 19 James Street presents a compelling opportunity in one of the City's most desirable locations.

Details

MLS #40867888
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Days On Site6
Listing Provided ByRoyal LePage Wolle Realty | Mike Milovick

Features

Bed(s)11
Bath(s)4
SQ Feet2,517
BasementY
Story(s)2
Units3
ZoningRMU-30
Acreage0.15

Interior

AppliancesDryer, Refrigerator, Stove, Washer
Interior FeaturesSeparate Hydro Meters
CoolingNone
Cooling Yes / NoNo
HeatingForced Air, Natural Gas
Heating Yes / NoYes
Laundry FeaturesIn-Suite

Exterior

Exterior FeaturesYear Round Living
Lot FeaturesRectangular, Business Centre, City Lot, Library, Place of Worship, Public Transit, Schools
Construction MaterialsBrick
RoofAsphalt Shing
Foundation DetailsConcrete Block, Stone
Patio And Porch FeaturesDeck

Parking

Parking FeaturesAsphalt
Open Parking Yes / NoYes
Attached Garage Yes / NoNo

Utilities

SewerSewer (Municipal)

Taxes

Tax Annual Amount6674.34

Area Information

ProvinceON
CountyWaterloo
CityWaterloo
Postal CodeN2J 2S8
Area1 Waterloo East
Subarea116 Glenridge | Lincoln Heights
Community Name116 Glenridge/Lincoln Heights
Listing VS Median (in 116 Glenridge/Lincoln Heights)
Price:
$1,249,900
low | high
Med:
$419,900
100% of Average
sqft:
2,517
low | high
Med:
1,556
88.180373460469% of Average
$ / sqft:
$497
low | high
Med:
$270
95.656922476677% of Average
On site:
6
low | high
Med:
46
13.04347826087% of Average
Sourced by Back At You

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Learn More About This Property

Marlo Drennan

Marlo Drennan

Coldwell Banker Community Professionals

4753840 (905) 484-1400marlo-drennan@coldwellbanker.ca
ProvinceON
CountyWaterloo
CityWaterloo
Postal CodeN2J 2S8
Area1 Waterloo East
Subarea116 Glenridge | Lincoln Heights
Community Name116 Glenridge/Lincoln Heights
Listing VS Median (in 116 Glenridge/Lincoln Heights)
Price:
$1,249,900
low | high
Med:
$419,900
100% of Average
sqft:
2,517
low | high
Med:
1,556
88.180373460469% of Average
$ / sqft:
$497
low | high
Med:
$270
95.656922476677% of Average
On site:
6
low | high
Med:
46
13.04347826087% of Average
Sourced by Back At You
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Price: $937K - $1.562M
sqft: 1,500 - 3,000
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Listing Updated: October 20, 2026 at 7:57:30 AM PDT

Marlo and Cathy