$399,900
For sale: Apartment

FULLY VACANT!! Calling all investors, parents of university students, and savvy buyers looking for an exceptional income-generating opportunity! This exceptional 4-bedroom apartment was previously rented for $3,300 per month, offering a strong rental history and excellent income potential for investors. This one-of-a-kind property offers outstanding rental potential with a spacious multi-level layout featuring 4 bedrooms, a bathroom on every level, and a shared kitchen configuration ideal for student housing or multi-tenant occupancy. The spacious floor plan offers a seamless flow throughout the apartment, providing the perfect balance of comfort and every day living. Freshly painted throughout and enhanced with new waterproof vinyl flooring on the upper level, this move-in-ready property blends modern updates with timeless character. Originally a 1900s industrial building thoughtfully converted to residential use in 2002, this unique home showcases soaring ceilings, exposed beams, exposed brick, and stone accents, creating a stunning urban loft feel that stands out from the ordinary. Residents also enjoy access to secured bike storage, a media lounge/recreation area to relax and unwind, and convenient onsite laundry facilities. Located in one of Waterloo's most sought-after neighbourhoods, take advantage of the proximity to the University of Waterloo, Wilfred Laurier University, Conestoga College Waterloo Campus, the ION LRT, public transit, grocery stores, restaurants, cafés, and everyday amenities. Enjoy miles of scenic walking trails just moments from your doorstep, offering outdoor enthusiasts the perfect opportunity to explore the natural beauty of the surrounding area year-round. With a proven rental history, consistently high occupancy, and the flexibility of being fully vacant, this is a rare opportunity for investors to set their own rents or for end users looking to capitalize on an incredible location. Book your private showing today!
Sold data
Apartment homes in Waterloo took a median of 38 days to sell over the last 90 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 65, across 65 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 62 days.
The median sale price was $417,500.
Homes sold for about 4.4% below asking on average, so there was room to negotiate.
About 8% of sales closed above the list price.
Around 23% of sellers reduced their price before finding a buyer.
Based on 65 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. 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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