275-279 Herbert Street

Welcome to the charming and strategically located 275-279 Herbert Street, Waterloo, where an incredible investment opportunity awaits you! This Multi-Family Home for sale in Waterloo is not just a property; it’s a well-established multiplex that promises both stability and potential for growth. Nestled in one of Waterloo's most sought-after neighbourhoods, this property comprises two 6-plex buildings and one 5-plex building, offering a total of 17 fully leased units. With a solid rental history and a strong income potential, this is a prime example of a Multi-Family Home for sale in Waterloo that you won't want to overlook.

As you approach 275-279 Herbert Street, Waterloo, you'll immediately appreciate the well-maintained brick exterior that adds a touch of classic charm to the property. The multiplex style of the buildings is designed for efficiency and functionality, making it an ideal choice for tenants. The address is conveniently located just off Union Street East or Pine Street, ensuring easy access to local amenities and public transport. Residents can enjoy a short stroll to the Grand River Hospital, now known as the Waterloo Regional Health Network at Midtown, and benefit from the proximity to multiple LRT stops, shops, cafes, and popular restaurants.

Inside this Multi-Family Home for sale in Waterloo, you’ll find a diverse unit mix that caters to a variety of tenants. The property features one Bachelor Unit, six One-Bedroom Units, nine Two-Bedroom Units, and one Three-Bedroom Unit, making it suitable for individuals, couples, and families alike. Each building has been well-maintained and comes equipped with on-site laundry facilities, adding convenience for tenants and enhancing the overall appeal of the property.

One of the standout features of 275-279 Herbert Street, Waterloo, is the detached garage that provides four rentable parking spaces, which can generate additional monthly income. With a total of 13 parking spaces available, this property addresses the parking needs of tenants, a significant advantage in urban living. Although there is no swimming pool or fireplace, the property is equipped with municipal water and sewer services, ensuring a hassle-free living experience for all residents.

The age of the property, being between 51-99 years, adds a sense of history and character, while the full basement offers potential for further development or storage solutions. The heating is provided by a baseboard system, and while there’s no central vacuum system or air conditioning, the property does have internet access, which is essential for modern living.

This Multi-Family Home for sale in Waterloo is not just a property; it’s a strategic investment in a thriving city known for its flourishing tech industry and universities. With low vacancy rates and reliable tenants, this property offers steady cash flow and great potential for future value appreciation. Whether you're a seasoned investor or new to multi-residential ownership, this opportunity presents the perfect blend of location, stability, and upside.

Don’t miss out on the chance to own this exceptional asset at 275-279 Herbert Street, Waterloo. With its prime location and strong income potential, this Multi-Family Home for sale in Waterloo is a golden opportunity for anyone looking to invest in a growing market. Act quickly, as properties like this don’t stay on the market for long! Seize the opportunity to secure your future with this remarkable investment in the heart of Waterloo.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest school is Elizabeth Ziegler Public School, just 0.6 km away, offering both English and French instruction for grades JK to 6, with a solid school rating of 6. MacGregor Public School, located 1.7 km away, serves grades 7 to 8 but has a lower rating of 0. For secondary education, Bluevale Collegiate Institute is 2.1 km from the property and boasts a commendable rating of 7.3. Additionally, Kitchener-Waterloo Collegiate and Vocational School is only 0.5 km away, providing French-language instruction for grades 9 to 12 with a rating of 7. The area also features Catholic schools, such as St. John Catholic Elementary School (1.1 km away, rating 3.8) and St. David Catholic Secondary School (3.1 km away, rating 7.4). Overall, this neighborhood offers a variety of schooling options, ensuring quality education for children of all ages, along with the convenience of proximity to these institutions.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small but vibrant community with a population of 540 residents. The average household consists of 2.5 individuals, with a notable average age of 35.9 years, indicating a relatively young population. The average household income is a substantial $142,000, reflecting the area's affluence, while only 4% of the population is classified as low-income. Housing prices are also indicative of this wealth, with an average property price of $780,000. The community is characterized by a diverse family structure, with 51.72% of households having children and 43.02% of residents being single. Additionally, 31.91% of the population are renters, and 12.77% reside in condominiums. The area is also home to a well-educated populace, with 79.31% holding a college or university degree. Furthermore, 5.77% of residents are immigrants, contributing to the community's diversity. However, a significant portion, 21.84%, is not in the labor force, which may influence local economic dynamics. Overall, this area presents a blend of affluence, education, and family-oriented living, making it an attractive location for potential homeowners.