Prime Investment Opportunity in Waterloo's Student Core – Fully Licensed Duplex Welcome to this exceptional, fully licensed legal nonconforming duplex located in the heart of the Lakeshore neighbourhood—one of Waterloo's most desirable and high-demand student rental areas. Generating an impressive gross rental income, this turn-key property offers an unbeatable opportunity for investors or parents of students seeking both cash flow and peace of mind. The upper unit features 4 spacious bedrooms, 1 full bathroom, and a recently updated kitchen. The lower unit includes 3 bedrooms, 1 bathroom, and another modernized kitchen. Both units have been well maintained with recent updates, offering a low-maintenance investment with strong rental appeal. Key updates include a new roof in 2023, and both units are licensed with the City of Waterloo—ensuring full compliance with local rental bylaws. Ideally situated just minutes from the University of Waterloo and Wilfrid Laurier University, as well as shopping, restaurants, and public transit, this property boasts consistent tenancy and long-term rental stability. Property Highlights: • Legal non-conforming duplex with City of Waterloo rental licenses • Total of 7 total bedrooms, 2 kitchens, 2 bathrooms • Updated kitchens & finishes • Roof replaced in 2023 • Separate entrance for each unit • Ample parking • Excellent walkability to universities and amenities Whether you’re a hands-off investor looking for stable returns or a parent seeking student housing with income potential, this property checks all the boxes. Don't miss this rare opportunity in one of Ontario’s strongest rental markets. (id:4069)
Address
603 MOUNT ANNE Drive
List Price
$849,999
Property Type
Multi-family
Type of Dwelling
Duplex
Area
Ontario
Sub-Area
Waterloo
Bedrooms
7
Bathrooms
2
Floor Area
2,147 Sq. Ft.
Year Built
1969
MLS® Number
40739743
Listing Brokerage
ROYAL LEPAGE WOLLE REALTY
Basement Area
Full (Finished)
Postal Code
N2L4W6
Zoning
R1
Site Influences
Place of Worship, Public Transit
Open Houses
- June 21, 2:00 PM - 4:00 PM