275-279 HERBERT Street

About this home.

Welcome to 275, 277, and 279 Herbert Street in Waterloo – an outstanding turnkey purpose-built three Building Apartment complex nestled in one of Waterloo’s 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 Waterloo’s 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 it’s 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. (id:59491)

The full record.

How this listing prices against Uptown Waterloo/North Ward.

Uptown Waterloo/North Ward saw 4 sales and 23 active listings over the past 30 days, so this remains a low-volume market with enough supply to keep conditions from feeling especially tight. The average price was $645,000, well below the Waterloo average, and homes sold in just over 14 days, which suggests buyers are moving quickly when the right property comes up. Sales were split between 3 freeholds and 1 condo, giving the area a mixed profile rather than a single clear price band. With limited deal flow, individual sales can swing the averages, but activity here was quicker than the city as a whole.

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