For Sale - 275-279 Herbert Street, Waterloo, ON N2J 1V3

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David Bradica

david@davidbradica.com +1(905) 203-1777

$3,650,000

Est. payment - /mo

28 Beds

17 Baths

10,697 SqFt

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Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 10,697 sqft

Price per Sqft $341

MLS Listing ID 40755755

Bedrooms 28

Abv Grd Liv Area 10,697

Annual Tax Amount $27,173

Property Sub-Type Apartment

Source Waterloo Region

Property Description

Welcome to 275, 277, and 279 Herbert Street in Waterloo – an outstanding turnkey purpose-built three Building Apartment complex nestled in one of Waterloo's sought-after neighbourhoods. This investment opportunity features two 6-plex buildings and one 5-plex building, offering a total of 17 fully leased units with a solid rental history and strong income potential. Located within walking distance to Grand River Hospital (now known as Waterloo Regional Health Network at Midtown), multiple LRT stops, a variety of shops, cafes, and popular restaurants, this well-maintained property blends urban convenience with long-term investment stability. Residents enjoy easy access to public transit, parks, schools, and Waterloo's vibrant core – making this an attractive address for Tenants of all ages. The unit mix features one Bachelor Unit, six One-Bedroom Units, nine Two-Bedroom Units, and one Three-Bedroom Unit. Each Building has been well maintained, and each is equipped with on-site Laundry facilities for Tenant convenience, and the property includes a detached Garage with four rentable parking spaces, providing additional monthly income. This is a turn-key investment with low vacancy rates, reliable Tenants, and a steady cash flow with great potential for future value appreciation, all located in a thriving and growing City known for it's flourishing Tech industry and Universities. Whether you're a seasoned Investor, new to Multi-Residential ownership, or looking for a possible future Redevelopment opportunity, this property offers the perfect blend of location, stability, and upside. Don't miss your chance to own a strategic income-generating asset in the ever-expanding Waterloo market.

Location

Province ON

County Waterloo

Area 1 - Waterloo East

Zoning R9

Direction Turn off of Union Street East or Pine Street.

Rooms

Basement Full, Finished

Kitchen 0

Interior

Heating Baseboard

Cooling Other

Fireplace No

Appliance Water Softener, Hot Water Tank Owned, Refrigerator, Stove

Laundry Common Area

Exterior

Parking Features Detached Garage

Garage Spaces 4.0

Roof Type Shingle

Lot Frontage 229.5

Garage Yes

Building

Lot Description City Lot, Hospital, Park, Place of Worship, Public Transit, Quiet Area, Schools, Shopping Nearby

Faces Turn off of Union Street East or Pine Street.

Story 2

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 2

Structure Type Brick

New Construction No

Others

Senior Community false

Tax ID 223280076

Ownership Freehold/None

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Listed by Royal LePage Wolle Realty

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David Bradica

+1(905) 203-1777

Broker of Record

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275-279 Herbert Street Waterloo, ON N2J 1V3

David Bradica

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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275-279 Herbert Street