180 King Street N

Presenting an exceptional investment opportunity, this house for sale in Waterloo is a rare find featuring three independent units, each equipped with its own functional kitchen. Located at 180 King Street N, Waterloo, this spacious bungalow boasts a total of 17 rooms, including an impressive seven bedrooms and six bathrooms. The property is ideally situated directly across from Wilfrid Laurier University and is merely minutes away from the University of Waterloo and Conestoga College, making it a prime location for student housing or multi-tenant use.

The exterior of this detached house is constructed from durable brick, ensuring both aesthetic appeal and longevity. With a lot size of 64 by 115 feet, there is ample outdoor space, although it should be noted that there is no pool on the premises. The house for sale in Waterloo features a finished basement, providing additional living space that can be utilised in various ways, whether for leisure or as extra accommodation.

Inside, the house is equipped with central air conditioning, ensuring comfort throughout the warmer months. The presence of a fireplace adds a cosy touch to the family room, creating an inviting atmosphere for gatherings or relaxation. The property is unfurnished, allowing potential buyers to personalise the space to their taste. Although there is no central vacuum system, the layout of the house allows for easy maintenance and upkeep.

The heating system is forced air, providing efficient warmth during the colder months. The property is connected to municipal water and sewer services, ensuring reliable utilities. Additionally, internet connectivity is available, catering to the needs of students and professionals alike.

As an investment opportunity, this house for sale in Waterloo has a remarkable rental income potential, estimated to be between $8,000 and $9,000 per month. This makes it an attractive option for savvy investors looking to capitalise on the thriving rental market in the area. The Northdale neighbourhood is particularly desirable, given its proximity to educational institutions and the vibrant community atmosphere.

Parking is available for one vehicle, although there is no garage or dedicated driveway. This feature may appeal to those who appreciate the convenience of urban living, where public transport options are readily accessible. The location of 180 King Street N, Waterloo, provides easy access to the ION light rail transit system, which connects residents to various parts of the city, including Uptown Waterloo, where a variety of shops, parks, and cafes can be found.

In summary, this house for sale in Waterloo is a unique opportunity for both investors and those looking to live in a vibrant community. With its three independent units, three kitchens, and spacious layout, it is perfectly suited for accommodating students or multiple tenants. The unbeatable location, combined with the potential for substantial rental income, makes this property an enticing prospect for anyone looking to invest in the heart of Waterloo's most sought-after rental district.

Don't miss out on this chance to own a remarkable property at 180 King Street N, Waterloo. Whether you are looking to live and rent or seeking a lucrative investment, this house for sale in Waterloo is not to be overlooked. With its impressive features and prime location, it stands as a testament to the opportunities available in this thriving area.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. The closest school is MacGregor Public School, just 0.3 km away, offering grades 7 to 8, although it currently has a low school rating of 0. For younger children, Elizabeth Ziegler Public School, also within 1.4 km, provides elementary education from JK to grade 6 in both English and French, with a respectable rating of 6. Waterloo Collegiate Institute, located 0.8 km away, serves grades 9 to 12 and boasts a rating of 6.3. For those seeking a Catholic education, Our Lady of Lourdes Catholic Elementary School is 1.7 km away, rated 6.5, while St. David Catholic Secondary School, 1.3 km from the property, has a strong rating of 7.4. Additionally, Kitchener-Waterloo Collegiate and Vocational School, offering French instruction for grades 9 to 12, is situated 2.3 km away and has a rating of 7. With a variety of schools nearby, this location offers excellent educational options for children of all ages.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 898 residents, with an average household size of 2 individuals. The demographic profile reveals a youthful community, with an average age of 31.6 years. The average household income stands at $52,800, and a significant portion of the population, approximately 33.6%, is classified as low-income. Housing prices in the area average around $620,000, reflecting the demand for real estate. The community is predominantly single, with 81.25% of residents identifying as such, and only 11.11% of households include children. The area is home to a diverse population, with nearly 20% of residents being immigrants. A high percentage of the population, 88.89%, are renters, indicating a strong rental market, while condos make up 39.51% of the housing options available. Education levels are notable, with over half (52.44%) of residents holding a college or university degree. However, a considerable portion of the population, 35.98%, is not in the labor force, which may impact local economic dynamics. Overall, this demographic snapshot illustrates a vibrant, youthful, and diverse community with a significant rental market and educational attainment.