Welcome to this exceptional bungalow featuring two legal units, offering a fantastic opportunity for homeowners, investors, or multi-generational families. Located in the desirable Old Lakeshore neighbourhood, this well-maintained property combines comfortable living, excellent rental potential, and an impressive 8’ x 20’ Swim Spa. The home has been thoughtfully updated over the years, including a newer electrical panel and plumbing, a 2020 furnace and A/C, a 2020 on-demand water heater, a 2019 asphalt driveway, an updated, newly legal 1-bed basement unit, a garage door, eavestroughs and fascia, plus an updated steel roof. The front porch and fully fenced backyard were newly completed this year. The bright primary bedroom features sliding-door access to a new deck surrounding the Swim Spa, creating a private and relaxing outdoor oasis. The fenced yard, complemented by privacy curtains and mature trees, offers excellent potential to create your own backyard retreat. A large storage shed provides additional convenience. Inside, the spacious updated kitchen is ideal for anyone who loves to cook, featuring stainless steel appliances, a gas stove, oversized refrigerator, deep sink, and an extra-large peninsula countertop. The updated main-floor bathroom includes convenient laundry and a walk-in shower. The living room is filled with natural light through a large picture window overlooking the peaceful cul-de-sac. Downstairs, the legal 1 beds basement provides a gas fireplace, modern kitchen, additional bedroom, and full bathroom. It is ideal for independent living and also offers excellent potential as a stable rental unit, providing an additional source of rental income for the property. Enjoy a fantastic location close to Laurelwood Conservation Area, the University of Waterloo, and the LRT, while being within walking distance of schools, public transit, and shopping. (id:66096)
Property Details
MLS®
40855405
Property Type
Multi-family
Zoning
SR1-10
Bedrooms
3
Bathrooms
2
Parking
3
Interior Size
1,766 ft²
Frontage
40 ft
Units
2
Year Built
1974
Storeys
1
Basement
Finished, Full
Heating
Forced air, Natural gas
Cooling
Central air conditioning
Garage
Attached Garage
Ownership
Freehold
Property Tax
$4,755.1/yr
Listed
Features
Appliances
Water softener, Garage door opener
Exterior
Vinyl siding
Lot Features
Sump Pump
Services
Water
Municipal water
Sewer
Municipal sewage system
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
84d
Waterloo listings, avg age
67d
Price / ft²
$481
List price
$849K
Long Listed: 84 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 84
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 3-bed multi-family in Waterloo is available now. Want me to connect you with the agent or keep you posted on any price updates?
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