Welcome to 367 Holly Street North, Waterloo - where exceptional income potential meets an unbeatable location! This rare, City-approved and fully licensed student rental triplex presents an outstanding investment opportunity in one of Waterloo's most sought-after university rental markets. Featuring 14 bedrooms across three self-contained units - two 5-bedroom suites and one 4-bedroom suite - 3 full bathrooms, 3 kitchens, and over 2,300 sq. ft. of above-grade living space, this property is designed to maximize rental income while providing comfortable living for tenants. With potential gross annual income exceeding $114,000, this turnkey investment offers strong income potential and positive cash flow, with additional revenue from coin-operated laundry and six dedicated parking spaces. Recent upgrades include fresh paint throughout, modernized bathrooms, maple kitchen cabinetry, contemporary countertops, ceramic flooring, thermal-pane windows, and secure keypad entry for each unit. Situated on a generous 60' x 130' lot with R4 zoning, the property offers excellent long-term potential. Ideally located within walking distance of the University of Waterloo, Wilfrid Laurier University, and Conestoga College, plus transit, shopping, restaurants, parks, and everyday amenities. Whether you're an experienced investor expanding your portfolio or a first-time buyer seeking a high-income property, 367 Holly Street North delivers the rare combination of positive cash flow, strong rental income, multiple self-contained units, a prime student-rental location, modern upgrades, ample parking, and long-term investment potential. A true turnkey opportunity in a high-demand market - don't miss it! (id:66096)
Property Details
MLS®
X13663900
Property Type
Multi-family
Bedrooms
14
Beds (above / below)
14 above · 0 below
Bathrooms
3
Parking
6
Interior Size
2,250 ft²
Lot Size
60 × 130 ft (7,800 sq ft)
Frontage
60 ft
Basement
Finished, N/A
Heating
Baseboard heaters, Electric
Cooling
None
Garage
No Garage
Property Tax
$9,864/yr
Listed
85 days ago
Features
Appliances
All
Exterior
Brick Veneer
Services
Water
Municipal water
Sewer
Sanitary sewer
Utilities
Sewer, Electricity
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
85d
Waterloo listings, avg age
67d
Price / ft²
$488
List price
$1.10M
Long Listed: 85 days on market, against an average age of 67 days across the listings currently for sale in this city
Market timing · days on market0 → 67d avg age of current listings
Long Listed · day 85
Homes here sell faster than most markets
Sold homes in this market spent an average of 35 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 98.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
Haho
This 14-bed multi-family in Waterloo is available now. Want me to connect you with the agent or keep you posted on any price updates?
Estimate the monthly cashflow if you bought this home as a rental. Every figure below is an editable estimate. This is education only, not financial advice.
$
Enter the monthly rent you expect, or adjust our estimate.
$
$
$
$
Enter an estimated monthly rent to see the cashflow.
Estimates only, not a mortgage approval or financial advice. Rate, taxes, and allowances are assumptions you can edit above.
