277 Herbert St, Waterloo, ON N2J 1V3, Canada
277 Herbert St, Waterloo, ON N2J 1V3, CanadaBasics
- Date added: Added 5 months ago
- Category: Residential Income
- Type: Apartment
- Status: Active
- Bedrooms: 28
- Bathrooms: 17
- Area: 10697 sq ft
- County Or Parish: Waterloo
- MLS ID: 40755755
Description
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Description:
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.
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Location
- Parking Total: 17
- Directions: Turn off of Union Street East or Pine Street.
Building Details
- Number Of Units Total: 17
- Building Area Total: 10697 sq ft
- Number Of Buildings: 0
- Parking Features: Detached Garage
- Covered Spaces: 4
- Construction Materials: Brick
- Garage Spaces: 4
- Roof: Shingle
Amenities & Features
- Water Source: Municipal
- Appliances: Water Softener, Hot Water Tank Owned, Refrigerator, Stove
- Sewer: Sewer (Municipal)
- Cooling: Other
- Heating: Baseboard