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Chris Adams

chris.adams@easyhometeam.ca +1(519) 804-1978

Listed by John Benjamins • BENJAMINS REALTY INC.

$ 1,259,900

Est. payment | -/mo

11 Beds

3 Baths

2,382 SqFt

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$ 1,259,900

Est. payment | -/mo

Save

11 Beds

3 Baths

2,382 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-3 Unit

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,382 sqft

Price per Sqft $528

MLS Listing ID 40835812

Bedrooms 11

Abv Grd Liv Area 3,573

Annual Tax Amount $12,029

Property Sub-Type Multi-3 Unit

Source Cornerstone

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 gross income yearly and with the operating CAP rate over 5% (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 4 - Waterloo West

Zoning RMU-30

Rooms

Basement Walk-Out Access, Full, Finished

Kitchen 0

Interior

Interior Features Separate Heating Controls

Heating Radiant

Cooling None

Fireplace No

Window Features Window Coverings

Appliance Refrigerator, Stove

Laundry Coin Operated

Exterior

Exterior Feature Balcony, Landscaped, Private Entrance

Parking Features Asphalt

Roof Type Asphalt Shing

Porch Patio

Lot Frontage 136.18

Garage No

Building

Lot Description Irregular Lot, City Lot, Library, Park, Place of Worship, Public Transit, Regional Mall, Shopping Nearby

Story 2

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 2

Structure Type Brick

New Construction No

Others

Senior Community No

Tax ID 223700032

Ownership Freehold/None

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Chris Adams

Broker

chris.adams@easyhometeam.ca

+1(519) 804-1978

1440 King Street North St. Jacobs, ON, N0B, 2N0, CAN

119 Regina Street N Waterloo, ON N2J 3B1

Chris Adams

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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119 Regina Street N