357 Grangewood Drive

Welcome to the stunning Multi-Family Home for sale in Waterloo , located at 357 Grangewood Drive, Waterloo. This legal duplex bungalow is a real gem, nestled on a highly sought-after crescent in the heart of Waterloo. If you’re on the lookout for an investment opportunity, this property is an absolute must-see, especially with its extensive renovations and thoughtful design.

As you approach 357 Grangewood Drive, Waterloo, you’ll immediately notice the charm of this multiplex building. Although there’s no exterior information provided, the allure of the property lies within. Built in 1974, this home has been meticulously updated to offer modern conveniences while retaining its character. The property features two fully updated units, including a legal basement apartment that was completed with all necessary permits in 2020. This is not just any investment property; it’s a stylish and practical option for those looking to expand their portfolio.

The upper unit of this Multi-Family Home for sale in Waterloo boasts three spacious bedrooms and a well-appointed bathroom. The layout is bright and open, creating a welcoming atmosphere for tenants or guests. One of the standout features of this unit is the kitchen, which is nothing short of a showstopper. It comes equipped with stunning quartz countertops, sleek stainless steel appliances, and a breakfast bar that opens up to the family and dining rooms, perfect for entertaining or casual meals.

Moving down to the lower unit, you’ll find a cosy one-bedroom space plus a den. This unit is designed with comfort in mind, featuring individual heating controls for each room, a wall-mounted air conditioning unit, and a lovely gas fireplace that adds a touch of warmth. The kitchen here also offers generous storage and countertop space, along with a breakfast bar for those quick bites. Both units come with in-suite laundry facilities, making life that little bit easier for tenants.

When it comes to heating and cooling, this Multi-Family Home for sale in Waterloo is equipped with separate systems for each unit, ensuring comfort all year round. Tenants will appreciate the independent gas and hydro meters, allowing them to manage their own utilities, while the landlord covers the municipal water costs. The property is also fitted with a central air system, ductless units, and wall units, providing a range of options for climate control.

Parking won’t be an issue here, as 357 Grangewood Drive, Waterloo, features a double-wide driveway with space for up to six vehicles, along with carport parking. The lot itself measures a generous 40 x 111 feet, and while there’s no pool on the property, the large fully fenced yard boasts a spacious wood deck, ideal for enjoying those sunny afternoons. The mature trees provide ample privacy, creating a peaceful retreat for tenants.

Located in one of Waterloo’s most desirable neighbourhoods, this Multi-Family Home for sale in Waterloo is just a stone’s throw from public transit, making commuting a breeze. It’s also conveniently close to expressway access, parks, green spaces, shopping, and all the amenities you could possibly need. The upper unit is currently occupied by an exceptional AAA+ tenant, ensuring a steady income stream, while the lower unit is ready for your own tenant selection or personal use.

In summary, 357 Grangewood Drive, Waterloo, is not just a property; it’s a fantastic investment opportunity that combines style, comfort, and practicality. With its extensive renovations and thoughtful layout, this Multi-Family Home for sale in Waterloo is sure to attract attention. Don’t miss out on the chance to make this remarkable duplex bungalow your own!

Colonial Acres/East Bridge is a charming residential area nestled within the vibrant city of Waterloo, offering a delightful blend of suburban tranquillity and urban convenience. Characterised by its tree-lined streets and well-maintained parks, this neighbourhood is ideal for families and individuals seeking a peaceful yet connected lifestyle. With easy access to local amenities, including shops, schools, and recreational facilities, residents can enjoy a sense of community while being just a short drive from the bustling city centre. The area is well-served by public transport, making it easy to explore all that Waterloo has to offer. Whether you’re taking a leisurely stroll along the nearby trails or enjoying a coffee at a local café, Colonial Acres/East Bridge presents a welcoming environment for anyone looking to settle down in this picturesque part of Ontario.

Schools in the Neighbourhood

This property is conveniently located near a variety of educational institutions, making it an ideal choice for families. Within a short distance, you'll find several elementary schools, including Sandowne Public School (0.7 km) and St. Matthew Catholic Elementary School (0.5 km), both offering quality education with ratings of 6.3 and 7.6, respectively. For those seeking a French-language curriculum, Lester B. Pearson Public School (1.9 km) and St. Luke Catholic Elementary School (2.1 km) provide excellent options. The area also features Bluevale Collegiate Institute (1.8 km), a secondary school with a solid rating of 7.3, catering to students in grades 9 to 12. Additionally, St. David Catholic Secondary School (2.7 km) offers a robust education in a Catholic setting, rated at 7.4. With a mix of public and Catholic schools, as well as options for both English and French language studies, this neighborhood ensures that families have access to quality education tailored to their needs. The proximity of these schools, all within a few kilometers, further enhances the appeal of this property for potential buyers looking for a family-friendly community.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 799 residents, with an average household size of 2.3 people. The demographic profile reveals an average age of 42.5 years, indicating a mature community. The average household income stands at a robust $106,000, with only 6.6% of the population classified as low-income. The housing market reflects an average property price of $620,000, suggesting a relatively affluent neighborhood. Approximately 42.45% of residents are single, while 36.17% live in households with children, highlighting a mix of family structures. The community is diverse, with 17.53% of residents being immigrants. Renters make up 17.39% of the population, and condos represent 30.43% of housing options, indicating a variety of living arrangements. Education levels are high, with 58.39% of residents holding a college or university degree. However, a significant portion, 30.66%, is not in the labor force, which may reflect various lifestyle choices or retirement. Overall, this demographic snapshot presents a well-educated, diverse, and relatively affluent community, making it an attractive location for potential homebuyers.