OPEN HOUSE
Sun Jun 01, 2:00pm - 4:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 1,113 sqft
Price per Sqft $763
MLS Listing ID 40734263
Bedrooms 7
Abv Grd Liv Area 2,147
Year Built 1969
Annual Tax Amount $4,122
Property Sub-Type Duplex Up/Down
Source Waterloo Region
Property Description
Welcome to this exceptional, fully licensed legal non-conforming duplex located in the heart of the Lakeshore neighbourhood—one of Waterloo's most desirable and high-demand student rental areas. Generating an impressive gross rental income, this turn-key property offers an unbeatable opportunity for investors or parents of students seeking both cash flow and peace of mind.
The upper unit features 4 spacious bedrooms, 1 full bathroom, and a recently updated kitchen. The lower unit includes 3 bedrooms, 1 bathroom, and another modernized kitchen. Both units have been well maintained with recent updates, offering a low-maintenance investment with strong rental appeal.
Key updates include a new roof in 2023, and both units are licensed with the City of Waterloo—ensuring full compliance with local rental bylaws.
Ideally situated just minutes from the University of Waterloo and Wilfrid Laurier University, as well as shopping, restaurants, and public transit, this property boasts consistent tenancy and long-term rental stability.
Property Highlights:
• Legal non-conforming duplex with City of Waterloo rental licenses
• Total of 7 total bedrooms, 2 kitchens, 2 bathrooms
• Updated kitchens & finishes
• Roof replaced in 2023
• Separate entrance for each unit
• Ample parking
• Excellent walkability to universities and amenities
Whether you're a hands-off investor looking for stable returns or a parent seeking student housing with income potential, this property checks all the boxes. Don't miss this rare opportunity in one of Ontario's strongest rental markets.
Location
Province ON
County Waterloo
Area 4 - Waterloo West
Zoning R1
Direction Parkside Dr, right on Cederbrae then take first right on Mt Anne Dr
Rooms
Other Rooms Shed(s)
Basement Separate Entrance, Walk-Up Access, Full, Finished
Kitchen 0
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Appliance Water Softener, Microwave, Dishwasher, Refrigerator, Stove
Laundry Shared
Exterior
Fence Full
Roof Type Asphalt Shing
Handicap Access Multiple Entrances
Porch Deck
Lot Frontage 69.6
Lot Depth 160.56
Garage No
Building
Lot Description Irregular Lot, Business Centre, Highway Access, Major Anchor, Place of Worship, Public Transit, Quiet Area, Regional Mall
Faces Parkside Dr, right on Cederbrae then take first right on Mt Anne Dr
Story 2
Foundation Concrete Block
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 2
Structure Type Vinyl Siding
New Construction No
Others
Senior Community false
Tax ID 222710095
Ownership Freehold/None
Virtual Tour https://unbranded.youriguide.com/y9lbs_603_mt_anne_dr_waterloo_on/