Key Facts
- MLS® #: 40823050
- Property ID: SIRC3295180
- Property Type: Residential, Triplex
- Interior Area: 1,330 sq.ft.
- Year Built: 1928
- Bathrooms: 3
- Parking Spaces: 4
- Listed By:
- RE/MAX REAL ESTATE CENTRE INC., BROKERAGE
Property Description
An exceptional opportunity to own a triplex in a highly sought-after location steps from uptown Waterloo. This property offers strong, reliable income with two established tenants already in place—while providing flexibility for both investors and end-users. The upper unit generates $1,650/month and the basement unit brings in $1,450/month, with tenants paying all utilities—keeping operating costs low and returns high. The main floor unit is rented at $2,100/month, but be vacant on possession, creating a rare opportunity for a buyer to move in and effectively live for free, supported by over $3,100/month in rental income from the other two units.
For investors, the option to lease all three units unlocks excellent cash flow with a cap rate above 8%, making this a standout addition to any portfolio.
The property also features a durable steel roof and parking for four vehicles—adding long-term value and tenant convenience. Whether you're looking to house hack, expand your portfolio, or secure a high-performing asset in a prime area, this triplex checks all the boxes!
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Location
109 Moore Avenue, Waterloo, Ontario, N2J 1X3 Canada
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