Allan-John Boulanger

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265 GLENRIDGE DRIVE, Waterloo, Ontario

$1,479,999

11 Beds
6 Baths

Exceptional Investment Opportunity in the Heart of Waterloo! This rare LEGAL DUPLEX , is located in the core strip of Waterloo, making it an ideal choice for investors, professionals, or families looking to live mortgage-free while generating strong rental income.Perfectly situated near Waterloo University, Wilfrid L & St. Jerome Unersities and Conestoga College, with direct bus Route 202 access to all schools, this property offers both convenience and long-term rental demand.Key Features: 11 spacious bedrooms, 6 bathrooms, and 4 kitchens across four self-contained units, 800 sq. ft. permitted extension, completed a few years ago with full City approval , Approved rental license from the City of Waterloo , Separate laundry area for tenants convenience, 4 parking spots available, Roof replaced recently, with all equipment in excellent working condition, Consistently generating over $100,000 in gross annual income for the past three years. Potential to live in the main unit while renting out the other three units, earning approximately $6,000/month in rental income. This property has been professionally managed and well-maintained by the owner, ensuring a smooth transition for the next investor. Whether youre seeking a high-yield rental property or an opportunity to live comfortably while your tenants cover the mortgage, this home is a must-see investment in Waterloos thriving student market. Walk Out Legal Basement (id:23309)

Listing ID: X12428614
Property Type: Single Family

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Rooms

Level	Type	Dimensions
Kitchen	Basement	3.1 m x 3.5 m
Bedroom	Basement	3.5 m x 3.1 m
Bedroom	Basement	3 m x 3 m
Bedroom	Basement	3 m x 3 m
Bedroom	Basement	3.1 m x 3 m
Bedroom	Basement	2.85 m x 2.88 m
Bedroom	Basement	3.3 m x 3.2 m
Kitchen	Main level	4.67 m x 3.88 m
Living room	Main level	5.66 m x 4.01 m
Primary Bedroom	Main level	3.68 m x 3.47 m
Bedroom 2	Main level	3.25 m x 2.46 m
Bedroom 3	Main level	3.35 m x 3.02 m
Eating area	Main level	3.2 m x 3 m
Bedroom 4	Main level	3.02 m x 3.1 m
Bedroom 5	Main level	3.03 m x 3.2 m

Details

Architectural Style: Raised bungalow
Features: Wooded area
Ownership: Freehold
Parking Spaces: 4
Transaction: For sale
Zoning Description: RES

Building

Appliances: All, Water Heater
Architectural Style: Raised bungalow
BasementType: N/A (Finished)
Basement Development: Finished
Basement Features: Apartment in basement, Walk out
Bedrooms Main Level: 5
Bedrooms Lower Level: 6
Construction Style Attachment: Detached
Cooling: Central air conditioning
Exterior Finish: Aluminum siding, Brick
Fireplace Present: False
Foundation: Block
Bathrooms (Half): 1
Bathrooms (Total): 6
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 1500 - 2000 sqft
Stories Total: 1
Type: House
Utility Water: Municipal water

Land

Sewer: Sanitary sewer
Size Frontage: 45 ft
Size Irregular: 45 x 151.3 FT ; 81.10 X 151.27 from Back

Listing provided by RE/MAX CHAMPIONS REALTY INC.
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

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 265 GLENRIDGE DRIVE in Waterloo Ontario. It was last modified on September 26th, 2025. Contact Allan-John Boulanger to schedule a viewing or to discover other Waterloo properties for sale.

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