275-279 HERBERT Street, Waterloo, Ontario

$3,650,000

28 Beds
17 Baths
10,697 Square Feet

Welcome to 275, 277, and 279 Herbert Street in Waterloo – an outstanding turnkey purpose-built three Building Apartment complex nestled in one of Waterloo’s sought-after neighbourhoods. This investment opportunity features two 6-plex buildings and one 5-plex building, offering a total of 17 fully leased units with a solid rental history and strong income potential. Located within walking distance to Grand River Hospital (now known as Waterloo Regional Health Network at Midtown), multiple LRT stops, a variety of shops, cafes, and popular restaurants, this well-maintained property blends urban convenience with long-term investment stability. Residents enjoy easy access to public transit, parks, schools, and Waterloo’s vibrant core – making this an attractive address for Tenants of all ages. The unit mix features one Bachelor Unit, six One-Bedroom Units, nine Two-Bedroom Units, and one Three-Bedroom Unit. Each Building has been well maintained, and each is equipped with on-site Laundry facilities for Tenant convenience, and the property includes a detached Garage with four rentable parking spaces, providing additional monthly income. This is a turn-key investment with low vacancy rates, reliable Tenants, and a steady cash flow with great potential for future value appreciation, all located in a thriving and growing City known for it’s flourishing Tech industry and Universities. Whether you’re a seasoned Investor, new to Multi-Residential ownership, or looking for a possible future Redevelopment opportunity, this property offers the perfect blend of location, stability, and upside. Don’t miss your chance to own a strategic income-generating asset in the ever-expanding Waterloo market. (id:57624)

Listing ID: 40755755
Property Type: Multi-family

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Details

Amenities Nearby: Hospital, Park, Place of Worship, Public Transit, Schools, Shopping
Community Features: Quiet Area
Ownership: Freehold
Parking Spaces: 17
Transaction: For sale
Zoning Description: R9

Building

Appliances: Water softener
BasementType: Full (Finished)
Basement Development: Finished
Exterior Finish: Brick
Fireplace Present: False
Bathrooms (Total): 17
Heating: Baseboard heaters
Size Interior: 10697 sqft
Stories Total: 2
Utility Water: Municipal water

Land

Amenities: Hospital, Park, Place of Worship, Public Transit, Schools, Shopping
Sewer: Municipal sewage system
Size Frontage: 230 ft

Listing provided by Royal LePage Wolle Realty
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 275-279 HERBERT Street in Waterloo Ontario. It was last modified on July 30th, 2025. Contact Jessica Coles to schedule a viewing or to discover other Waterloo real estate for sale.

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