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Est. payment | /mo
11 Beds
3 Baths
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Est. payment | /mo
11 Beds
3 Baths
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
MLS Listing ID X13301364
Style 2-Storey
Bedrooms 11
Annual Tax Amount $12,029
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Presenting this pristine Tri-Plex in the middle of Uptown Waterloo and steps from the University District. 119 Regina Street North, has been impeccably maintained under the same ownership since 1995. Always fully tenanted, this building is comprised of two, 4-bedroom units on the main and second floor with nearly 1,200 sq ft of living space. Each unit with a large eat in kitchen, living area, balcony and 4 bedrooms individually leased between $700 and $720 per room. The third unit, on the lower level features the same layout but with three bedrooms (windows above grade) renting for $700 per room and includes a walkout living room to a sunken patio. The mechanical room hosts a Lechinvar high-efficiency Boiler (4 years old), a large stainless steel hot water heater, and a spacious laundry room with coin operated services. Electrical panels have been upgraded throughout the building (11 years ago, ESA 2022). This building produces just shy of 100k net income yearly and with the operating CAP rate over 9% (Investment ProForma Available). Furthermore, the flexible RMU-30 zoning suggests there could be further densification for this property, either through an addition, an additional dwelling unit, or redevelopment. The irregular lot measures at .19 acres and currently allows for a large backyard for tenant enjoyment and also accommodates a parking lot with 7 spaces rented at $65 per space. This property provides excellent income, a fantastic location and long-term upside potential. Yearly Fire Inspections (2026) - Fully tenanted with leases in place until September 2029.
Location
Province ON
County Waterloo
Area Waterloo
Zoning RMU-30
Rooms
Family Room No
Basement Walk-Out, Full, Finished, Finished with Walk-Out
Kitchen 3
Interior
Interior Features Separate Heating Controls
Cooling None
Inclusions carbon monixide detector, smoke detector, window coverings
Exterior
Parking Features Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 136.18
Total Parking Spaces 7
Building
Building Age 51-99
Foundation Concrete
Others
Senior Community No
ParcelsYN No
Listed by Benjamins Realty Inc.
Nearby Locations
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