81 WILLOW Street, Waterloo, Ontario, N2J1W3

For saleJust listed

Yesterday

$729K

81 WILLOW Street, Waterloo, Ontario, N2J1W3

3 bd2 ba1,682 ft²

Listed by Royal Lepage Wolle Realty

379 HOLLY Street, Waterloo, Ontario, N2L4G5

For sale

9 days ago

$859K

379 HOLLY Street, Waterloo, Ontario, N2L4G5

3 ba4 pk2,097 ft²

Listed by Royal LePage Peaceland Realty

10 MARSHALL Street, Waterloo, Ontario, N2J2T2

For sale

13 days ago

$760K

10 MARSHALL Street, Waterloo, Ontario, N2J2T2

5 bd2 ba4 pk1,227 ft²

Listed by RE/MAX Real Estate Centre Inc.

23 Fir Street, Waterloo, Ontario, N2L3H4

For sale

15 days ago

$1.31M

23 Fir Street, Waterloo, Ontario, N2L3H4

10 bd4 ba4 pk1,750 ft²Lot size 48 × 101 ft (4,829 sq ft)

Listed by RE/MAX REAL ESTATE CENTRE INC.

Investment analysis

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$829,999

Waterloo

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$829,999

For sale

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8 MARSHALL Street, Waterloo - Multi-family for Sale

8 MARSHALL Street, Waterloo, Ontario, N2J2T2

5 beds2 baths3 parking1,754 ft²Listed 13 days ago

Overview

This multi-family property in Waterloo is for sale offering roughly 1,754 sq ft of space. It has been on the market 13 days, fresher than the Waterloo average of 67 days.

Multi-Family Properties for Sale in Waterloo →All real estate in Waterloo →

Description

Fantastic Investment Opportunity in the heart of Waterloo! Welcome to 8 Marshall Street — a prime student rental property ideally situated just two blocks from Wilfrid Laurier University and minutes from public transit, shopping, grocery stores, restaurants, entertainment, and recreation amenities. This spacious home features 5 bedrooms, 2 full bathrooms, a shared kitchen and living area designed for comfortable student living, plus parking for 3 vehicles. A true turnkey investment opportunity with new student leases already secured at $1,000 per room plus utilities, offering strong and reliable rental income potential. Located in one of Waterloo’s most desirable student rental neighbourhoods, this property is an excellent addition to any real estate portfolio and a smart opportunity for investors seeking consistent cashflow in a high-demand location. (id:66096)

Property Details

MLS®: 40873226
Property Type: Multi-family
Zoning: RMU-81
Bedrooms: 5
Bathrooms: 2
Parking: 3
Interior Size: 1,754 ft²
Frontage: 45 ft
Units: 1
Storeys: 2
Basement: Partially finished, Full
Heating: Forced air, Natural gas
Cooling: None
Ownership: Freehold
Property Tax: $5,041/yr
Listed: 13 days ago

Features

Appliances: Water softener, Window Coverings
Exterior: Aluminum siding

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

13d

Waterloo listings, avg age

67d

Price / ft²

$473

List price

$830K

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 5-bed multi-family in Waterloo has been listed for 13 days, which is 54 days fresher than the city average of 67. Act while there is still low competition.

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Listed by Chestnut Park Realty Southwestern Ontario Limited · LEE QUAILE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2J)

This home lists at $829,999, about 11.1× the local median household income of $74,500.

Carrying it typically needs a household income of about $162,128 (20% down, 25-yr amortization, stress-tested) — roughly 118% above the area median.

Median household income: $74,500
Population: 20,899
Median age: 36.8
Owner / renter: 53% / 47%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA N2J)

$829,999· $473/ft²

For sale

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Full Cost Breakdown

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Down Payment6.99% · $57,999.90

Min 6.99%50%

Mortgage payment$4,280/mo

↳ CMHC premium ($30,880 capitalized)

Property tax (est.)$420/mo

Total monthly$4,700

Cash Needed to Close

Down payment (6.99%)$58,000

Land transfer tax$13,075

Est. closing costs$4,990

Total cash needed$76,065

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice