54 High Street Waterloo, Ontario N2L 3X8
$938,000
Prime Investment Opportunity – 5-Bedroom Licensed Rental with Future Development Potential! This rare 5-bedroom, 3-full-bath single detached home is a turnkey investment featuring a single deep garage with 4 parking spaces in the driveway. Holding a Class D - Class 2 rental license and located just minutes from two major universities, this property is ready for immediate rental income. Recent upgrades include 2019 air conditioners and a hot water heater, as well as bathroom sink updates from 2019-2020. The home also offers a main floor office for remote work and boasts new flooring in the third-floor bedrooms, while an insulated garage door adds to its energy efficiency. Incorporated with the city’s “Missing Middle” housing initiative, this property is currently undergoing a zoning change that will allow for multi-unit development, unlocking exciting opportunities for expansion or redevelopment. Don’t miss this unique chance to secure a high-demand rental in a prime location with significant future value potential! For more details on the zoning changes, visit: Waterloo HAF Initiative. (id:61015)
Property Details
| MLS® Number | 40708528 |
| Property Type | Single Family |
| Amenities Near By | Hospital, Place Of Worship, Public Transit, Schools, Shopping |
| Community Features | High Traffic Area |
| Equipment Type | None |
| Features | Paved Driveway |
| Parking Space Total | 5 |
| Rental Equipment Type | None |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 5 |
| Appliances | Central Vacuum, Dryer, Refrigerator, Stove, Washer |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Construction Material | Concrete Block, Concrete Walls, Wood Frame |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick, Concrete, Wood |
| Foundation Type | Poured Concrete |
| Heating Fuel | Electric, Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 2,214 Ft2 |
| Type | House |
| Utility Water | Municipal Water |
Parking
| Attached Garage |
Land
| Access Type | Road Access |
| Acreage | No |
| Land Amenities | Hospital, Place Of Worship, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 130 Ft |
| Size Frontage | 51 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Sr2 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Kitchen | 16'7'' x 9'4'' | ||
| Second Level | Dining Room | 17'2'' x 11'1'' | ||
| Second Level | Living Room | 17'10'' x 17'0'' | ||
| Third Level | 4pc Bathroom | Measurements not available | ||
| Third Level | Bedroom | 12'6'' x 12'7'' | ||
| Third Level | Bedroom | 8'11'' x 13'0'' | ||
| Third Level | Bedroom | 11'2'' x 13'0'' | ||
| Basement | 3pc Bathroom | Measurements not available | ||
| Basement | Bedroom | 10'7'' x 15'6'' | ||
| Basement | Bedroom | 12'7'' x 10'0'' | ||
| Main Level | Office | 7'9'' x 6'6'' | ||
| Main Level | 3pc Bathroom | Measurements not available |
https://www.realtor.ca/real-estate/28051820/54-high-street-waterloo
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March 20 2025 07:34:08
Waterloo Region Association of REALTORS®
Royal LePage Wolle Realty