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265 GLENRIDGE DRIVE, Waterloo, Ontario

$1,479,999

11 Beds
6 Baths

Exceptional Investment Opportunity in the Heart of Waterloo! This rare student rental property 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 three major universities 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. (id:23309)

Listing ID: X12428614
Property Type: Single Family

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Rooms

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

Details

Architectural Style: Raised bungalow
Equipment: Water Heater
Features: Wooded area
Ownership: Freehold
Parking Spaces: 4
Rental Equipment: Water Heater
Transaction: For sale
Zoning Description: RES

Building

Appliances: All
Architectural Style: Raised bungalow
BasementType: N/A
Basement Features: Apartment in basement, Separate entrance
Bedrooms Main Level: 5
Bedrooms Lower Level: 6
Construction Style Attachment: Detached
Cooling: Central air conditioning
Exterior Finish: Aluminum siding, Brick
Fireplace Present: False
Foundation: Block
Bathrooms (Half): 2
Bathrooms (Total): 6
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 1500 - 2000 sqft
Stories Total: 1
Type: House
Utility Water: Municipal water

Land

Sewer: Sanitary sewer
Size Frontage: 45 ft
Size Irregular: 45 x 151.3 FT ; 81.10 X 151.27 from Back

Listing provided by RE/MAX CHAMPIONS REALTY INC.
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 265 GLENRIDGE DRIVE in Waterloo Ontario. It was last modified on September 26th, 2025. Contact Brad Sauve to schedule a viewing or to discover other Waterloo properties for sale.

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