$875,000
For sale: Multiplex

Great Investment Opportunity With Strong Income Potential: LEGAL DUPLEX with A Double Garage recently converted into A THIRD ONE-BEDROOM UNIT with a potential monthly rent of $950. This property is located in the well established Lakeshore Village community. Its central location in Waterloo make it a popular choice for convenient commuting and quick access to the expressway. You can get vacant possession of the 4-bedroom mainfloor unit. Set your own rent for the Garage. Basement is currently rented but tenant is open to staying or leaving. The upper unit(main) offers a shared front, main entrance and a private rear entrance. The unit features a generous kitchen with a large island and plenty of counter and cupboard space. Large bathroom includes a vanity with double sinks. The unit also boasts spacious and bright bedrooms. The 3-bedroom basement unit also boasts two entrances; a main entrance in the front and a private unit entrance in the rear of the building. Conveniently located near the schools; For grades JK-6; N.A. MacEachern, Winston Churchill, and Cedarbrae are available. Sir. Edgar Bauer is available for students in JK-8.
Sold data
Homes in Waterloo took a median of 22 days to sell over the last 90 days, with the quickest quarter selling within 12 days and the slowest quarter taking more than 44, across 285 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 36 days.
The median sale price was $674,900.
Homes sold for about 1.9% below asking on average, so there was room to negotiate.
About 29% of sales closed above the list price.
Around 16% of sellers reduced their price before finding a buyer.
Based on 285 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Waterloo has 31 Fraser Institute–rated schools (27 elementary and 4 secondary), averaging 6.8/10.
School ratings from the Fraser Institute's Ontario school report cards.
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