About 139 Elgin Crescent
Investor 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. (id:6289)
More Info on this 116 - Glenridge/Lincoln Heights Duplex MLS® listing
139 Elgin Crescent is a duplex listing for sale in Waterloo. The MLS® number is 40844518. It was built in 1958 and covers 1,972 square feet. It's currently listed for $999,900. For more details on MLS® 40844518, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This duplex listing in 116 - Glenridge/Lincoln Heights is available now!
Selling your 116 - Glenridge/Lincoln Heights Duplex property?
Have a similar home to 139 Elgin Crescent? If you’re thinking about selling your 116 - Glenridge/Lincoln Heights duplex property, then we should chat. Fill in the form on this page, or click request info, and we’ll get right back to you, and we can chat about selling your Waterloo property.
