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 lea...sed 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.
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Full Property Details
Interior
Bedrooms
28
Total Bedrooms
28
Washrooms
17
Square Footage
5000+ sqft
Basement
Full
Heating Source
Other
Heating Fuel
Baseboard
Air Conditioning
Other
Family Room
No
Kitchens
17
Total Kitchens
17
Fireplace Features
No
Bedrooms
28
Total Bedrooms
28
Washrooms
17
Square Footage
5000+ sqft
Basement
Full
Heating Source
Other
Heating Fuel
Baseboard
Air Conditioning
Other
Family Room
No
Kitchens
17
Total Kitchens
17
Fireplace Features
No
Exterior
Depth
195.33
Front
229.5
Lot Size
230 x 195.33 ft
Pool
None
Parking Spaces
17
Total Parking Spaces
17.00
Parking Description
Detached
Garage Spaces
4
Zoning
R9
Depth
195.33
Front
229.5
Lot Size
230 x 195.33 ft
Pool
None
Parking Spaces
17
Total Parking Spaces
17.00
Parking Description
Detached
Garage Spaces
4
Zoning
R9
Building Description
Style
Other
Home Type
Apartment
Subtype
Multiplex
Year Built
51-99
Property Orientation
West
Exterior Finish
Brick
Sewers
Sewers
Water Supply
Municipal
Possession Date
No Data
Style
Other
Home Type
Apartment
Subtype
Multiplex
Year Built
51-99
Property Orientation
West
Exterior Finish
Brick
Sewers
Sewers
Water Supply
Municipal
Possession Date
No Data
Taxes & Fees
Taxes
$27,173.95 /yr
Tax Year
2025
Occupancy
Tenant
Taxes
$27,173.95 /yr
Tax Year
2025
Occupancy
Tenant
Jagtar Dhillon
Est. mortgage
$13,847/mo
Property Taxes
$27,173.95/yr
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