275-279 Herbert Street, Waterloo, ON N2J 1V3, Waterloo, ON
Bed 28
Bath 17
Welcome to 275, 277, and 279 Herbert Street in Waterloo - an outstanding turnkey purpose-built three Building Apartment complex nestled in one of Waterloos 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 Waterloos 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 its 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.
Property Highlights
For Sale
MLS NO.
X12315782
Type
Residential Freehold
Sub Type
Multiplex
Bedrooms
28
Bathrooms
17
Parking
17.0
Garage
Yes
Complete Property Details
Property Type
Residential Freehold
Sub Type
Multiplex
Transaction Type
For Sale
Status
Active Under Contract
Contract Status
Available
MLS® Number
X12315782
Living Area Range
5000 +
Total Bedrooms
28
Bedrooms Above Grade
28
Total Bathrooms
17
Total Kitchens
17
Kitchens Above Grade
17
Rooms Above Grade
17
Interior Features
Water Softener, Water Heater Owned
Fireplace
No
Central Vacuum Yn
No
Construction
Brick
Roof
Shingles
Lot Width
229.5
Parking Total
17.0
Covered Spaces
4.0
Garage Type
Detached
Garage
Yes
Pool
None
Direction Facing
West
Cooling
Other
Heat Source
Other
Heat Type
Baseboard
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
275-279 Herbert Street, Waterloo, ON N2J 1V3
City
Waterloo
County / Region
Waterloo
Province / State
ON
Postal Code
N2J 1V3
Cross Street
Turn off of Union Street East or Pine Street.
Directions
Turn off of Union Street East or Pine Street.
List Price
$3,250,000
Annual Taxes
$27,174
Tax Year
2025
Legal Description
See Schedule B (found in Attachments).
Possession Type
Immediate
Possession Details
Immediate
Listing Office
ROYAL LEPAGE WOLLE REALTY
Board
Toronto Regional Real Estate Board
Original Entry
2025-07-30T18:49:20Z
Media Updated
2025-12-18T22:32:04Z
Photos Updated
2025-08-01T19:10:11Z
Last Modified
2026-04-28T18:38:56Z
System Modified
2026-04-28T18:38:56.576177Z
MLS Status
Sold Conditional
Architectural Style
Other
Basement
Full
Ddfyn
Yes
Expiration Date
2026-07-30
Foundation Details
Other
Heat Source Multi
Other
Heat Type Multi
Baseboard
Hstapplication
Not Subject to HST
Occupant Type
Tenant
Originating System Id
A00001796
Parking Spaces
13
Property Features
Hospital, Park, Place Of Worship, School, Public Transit
Public Remarks
Welcome to 275, 277, and 279 Herbert Street in Waterloo - an outstanding turnkey purpose-built three Building Apartment complex nestled in one of Waterloos 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 Waterloos 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 its 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.
