38 High Street

Welcome to this exceptional house for sale in Waterloo , located at 38 High Street, Waterloo. This remarkable detached bungalow is not only a home but also a rare investment opportunity situated in the heart of Waterloo's prime student corridor. With its strategic positioning, this property is perfectly tailored for investors seeking robust and consistent rental income in a high-demand area.

The house for sale in Waterloo boasts a well-maintained structure with a charming brick veneer exterior. This bungalow features a total of six rooms, comprising three generously sized bedrooms and two bathrooms, providing ample space for comfortable living. The main floor unit is particularly inviting, offering a spacious kitchen and living area that is ideal for both relaxation and entertaining. Here, you will find the first of the two kitchens, which is well-equipped to meet all culinary needs.

Additionally, the legal basement unit enhances the appeal of this house for sale in Waterloo. This unit features three bedrooms and a spacious eat-in kitchen, along with a full bathroom, ensuring excellent tenant appeal and privacy. The presence of two City of Waterloo-issued A3 rental licences (one for three bedrooms on the main floor and another for three bedrooms in the basement) signifies that this property is fully compliant and ready for operation as a turn-key student rental. This aspect is particularly advantageous for investors looking to maximise their rental income without the hassle of navigating regulatory hurdles.

Situated on a generous lot measuring 50 x 130 feet, the property also includes a carport, providing parking space for up to three vehicles. Although there is no pool or family room, the house is equipped with central air conditioning, ensuring comfort throughout the warmer months. The heating is provided by a forced air system, and the property benefits from municipal water and sewer services.

One of the standout features of this house for sale in Waterloo is its proximity to educational institutions. It is just minutes away from the University of Waterloo, Wilfrid Laurier University, and Conestoga College, making it an ideal location for students and young professionals alike. Furthermore, the property is conveniently located near public transit, shopping, dining, and everyday amenities, enhancing its appeal to potential tenants.

The investment potential of this house for sale in Waterloo is further bolstered by its location within the proposed Sugarbush South Initiative, part of the City of Waterloo's Housing Accelerator Fund. This planning framework is designed to support and fast-track higher-density and "missing middle" housing opportunities, which adds to the long-term value of the property.

In summary, this house for sale in Waterloo at 38 High Street, Waterloo, presents a rare opportunity to secure a cash-flowing asset in one of the most desirable and resilient investment locations in the area. With its compliant legal duplex setup, spacious living arrangements, and prime location, this property is not just a house but a strategic investment for those looking to capitalise on the growing demand for rental properties in Waterloo. Don't miss out on the chance to own this remarkable property that promises strong upside potential and consistent rental income.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. Just 0.6 km away is Winston Churchill Public School, an elementary institution with an impressive rating of 4.9, offering grades JK to 6. For older elementary students, MacGregor Public School is located 1.3 km away, although it currently has a rating of 0. Nearby, at a distance of only 0.3 km, is Waterloo Collegiate Institute, a secondary school rated at 6.3, serving grades 9 to 12. Additionally, Sandowne Public School, which offers French language instruction for grades 1 to 6, is 2.2 km away with a rating of 6.3. For secondary education, Kitchener-Waterloo Collegiate and Vocational School is 3.4 km away, rated at 7. Lastly, the area also features Catholic education options, including Sir Edgar Bauer Catholic Elementary School and St. David Catholic Secondary School, both within 2.3 km and 0.3 km respectively, with ratings of 7 and 7.4. This diverse educational landscape ensures that families have access to quality education in both English and French, catering to various preferences and needs.