1,017 SqFt
1,017 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 1,017 sqft
Price per Sqft $983
MLS Listing ID 40844518
Abv Grd Liv Area 1,972
Year Built 1958
Annual Tax Amount $6,745
Property Sub-Type Duplex Up/Down
Source Cornerstone
Property Description
Welcome to 139 Elgin Crescent, a turnkey income-producing asset offering the combination investors are actively seeking: strong cash flow, excellent tenant quality, and long-term income certainty. The property is fully leased under a multi-year agreement through to at least April 30, 2027, generating $5,970 per month plus utilities ($71,640 annually), providing immediate cash flow with virtually no leasing risk.
This home with registered accessory apartment features two self-contained 3-bedroom units, each with its own kitchen and bathroom, making it ideally configured for the Waterloo student rental market. Situated on a mature 50 foot x 127 foot lot within walking distance of Wilfrid Laurier University, the University of Waterloo, Uptown Waterloo, shopping, restaurants, transit and everyday amenities, the location has consistently demonstrated strong tenant demand.
The property has benefited from numerous updates over the years, including roof, furnace, air conditioning, wiring, plumbing and bathroom updates. Recently completed vinyl plank flooring throughout the main floor living room, hallway and all three upstairs bedrooms provides a fresh, modern appearance while offering the durability investors appreciate.
Additional features include large basement egress windows, shared laundry, an attached garage (real bonus in this area), double-wide driveway parking, fenced backyard and an expansive stone patio.
Whether you're expanding an existing portfolio or seeking a dependable hands-off investment in one of Ontario's perennially strongest rental markets, this is a rare opportunity to acquire a fully licensed, fully leased, and professionally maintained rental asset with predictable income already secured well into 2027. A true turnkey investment—buy today and collect strong rent tomorrow.
Location
Province ON
County Waterloo
Area 1 - Waterloo East
Zoning R1
Direction Weber Street North to Noecker Street. Noecker Street to Elgin Crescent. Turn Right on Elgin Crescent. Property is on the right.
Rooms
Basement Separate Entrance, Full, Finished
Kitchen 0
Interior
Interior Features Accessory Apartment
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Appliance Water Softener, Hot Water Tank Owned, Dishwasher, Dryer, Refrigerator, Stove, Washer
Laundry Common Area
Exterior
Exterior Feature Year Round Living
Parking Features Attached Garage, Garage Door Opener
Garage Spaces 1.0
Roof Type Asphalt Shing
Porch Patio, Porch
Lot Frontage 50.0
Lot Depth 127.32
Garage Yes
Building
Lot Description Rectangular, City Lot, Public Transit, Quiet Area, School Bus Route, Shopping Nearby
Faces Weber Street North to Noecker Street. Noecker Street to Elgin Crescent. Turn Right on Elgin Crescent. Property is on the right.
Story 2
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 1
Structure Type Brick,Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 223690056
Ownership Freehold/None
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