119 REGINA Street N, Waterloo, ON N2J3B1
119 REGINA Street N, Waterloo, ON N2J3B1
119 REGINA Street N, Waterloo, ON N2J3B1
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Paul Shantz

Paul Shantz

+1(519) 829-8656
$1,259,900
Est. payment /mo
11 Beds
3 Baths
3,573 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3573

Square Footage 3,573 sqft

Price per Sqft $352

Subdivision 415 - Uptown Waterloo/Westmount

MLS® Listing ID 40835812

Bedrooms 11

Property Sub-Type Freehold

Property Description

Presenting this pristine Tri-Plex in the middle of Uptown Waterloo and steps from the University District. 119 Regina Street North, has been impeccably maintained under the same ownership since 1995. Always fully tenanted, this building is comprised of two, 4-bedroom units on the main and second floor with nearly 1,200 sq ft of living space. Each unit with a large eat in kitchen, living area, balcony and 4 bedrooms individually leased between $700 and $720 per room. The third unit, on the lower level features the same layout but with three bedrooms (windows above grade) renting for $700 per room and includes a walkout living room to a sunken patio. The mechanical room hosts a Lechinvar high-efficiency Boiler (4 years old), a large stainless steel hot water heater, and a spacious laundry room with coin operated services. Electrical panels have been upgraded throughout the building (11 years ago, ESA 2022). This building produces just shy of 100k net income yearly and with the operating CAP rate over 9% (Investment ProForma Available). Furthermore, the flexible RMU-30 zoning suggests there could be further densification for this property, either through an addition, an additional dwelling unit, or redevelopment. The irregular lot measures at .19 acres and currently allows for a large backyard for tenant enjoyment and also accommodates a parking lot with 7 spaces rented at $65 per space. This property provides excellent income, a fantastic location and long-term upside potential. Yearly Fire Inspections (2026) - Fully tenanted with leases in place until September 2029. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Radiant heat

Cooling None

Exterior

Parking Features No

View Y/N No

Attached Garage No

Total Parking Spaces 7

Garage No

Private Pool No

Building

Story 2

Sewer Municipal sewage system

Others

Ownership Freehold

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Paul Shantz
Paul Shantz

Agent | License ID: 6008661

+1(519) 829-8656

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119 REGINA Street N

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