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Mathew Toussaint

mathew.toussaint@exprealty.com +1(289) 983-0990

$ 999,900

Est. payment -/mo

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Active

139 Elgin CRES Waterloo, ON N2J 2S5

3 Beds

2 Baths

6,382 Sqft Lot

UPDATED:

Key Details

Property Type Other Types

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 700-1100

MLS Listing ID X13522576

Style Bungalow

Bedrooms 3

Annual Tax Amount $6,745

Tax Year 2026

Lot Size 6,382 Sqft

Property Sub-Type Duplex

Property Description

nvestor Alert - Rare Opportunity to Acquire a Fully Stabilized, Rental Licensed 3+3 Bedroom Property in One of Waterloo's Most Proven Rental Locations.Welcome to 139 Elgin Crescent, a turnkey income-producing asset offering the combination investors are actively seeking: strong cash flow, excellent tenant quality, and long-term income certainty. The property is fully leased under a multi-year agreement through to at least April 30, 2027, generating $5,970 per month plus utilities ($71,640 annually), providing immediate cash flow with virtually no leasing risk.This home with registered accessory apartment features two self-contained 3-bedroom units, each with its own kitchen and bathroom, making it ideally configured for the Waterloo student rental market. Situated on a mature 50 foot x 127 foot lot within walking distance of Wilfrid Laurier University, the University of Waterloo, Uptown Waterloo, shopping, restaurants, transit and everyday amenities, the location has consistently demonstrated strong tenant demand.The property has benefited from numerous updates over the years, including roof, furnace, air conditioning, wiring, plumbing and bathroom updates. Recently completed vinyl plank flooring throughout the main floor living room, hallway and all three upstairs bedrooms provides a fresh, modern appearance while offering the durability investors appreciate.Additional features include large basement egress windows, shared laundry, an attached garage (real bonus in this area), double-wide driveway parking, fenced backyard and an expansive stone patio. Whether you're expanding an existing portfolio or seeking a dependable hands-off investment in one of Ontario's perennially strongest rental markets, this is a rare opportunity to acquire a fully licensed, fully leased, and professionally maintained rental asset with predictable income already secured well into 2027. A true turnkey investment-buy today and collect strong rent tomorrow.

Location

Province ON

County Waterloo

Area Waterloo

Rooms

Family Room No

Basement Walk-Up, Finished, Separate Entrance

Kitchen 2

Separate Den/Office 3

Interior

Interior Features Accessory Apartment, Carpet Free, In-Law Suite, In-Law Capability, Primary Bedroom - Main Floor, Water Heater Owned, Water Softener

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Garage Spaces 1.0

Pool None

Waterfront Description None

Roof Type Asphalt Shingle

Lot Frontage 50.08

Lot Depth 127.32

Total Parking Spaces 2

Building

Building Age 51-99

Foundation Concrete

Others

ParcelsYN No

Virtual Tour https://unbranded.youriguide.com/x8fah_139_elgin_crescent_waterloo_on/

Listed by ROYAL LEPAGE WOLLE REALTY

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(289) 983-0990

mathew.toussaint@exprealty.com