For Sale · Multifamily

297 TOLL GATE BOULEVARD, Waterloo

297 TOLL GATE BOULEVARD, Waterloo, ON N2L4M5

$698,000 total

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA9 — High Rise

$ / SF

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Occupancy

87%

About this property

Welcome to this newly renovated (2025) legal duplex in the desirable lakeshore neighbour hood, totalling $150,000+ spent, perfect formultigeneration families and investors. The house was gutted to the studs (except upper bedrooms) in 2025, with brand new electrical,plumbing, framing, drywall, new separate electric panel, windows, sliding back door, deck, gutter, appliances, water heater, water purifier, sumppump, foundation water proofing and more! Lower unit (two bedrooms one bath) has walkin access from the garage, and the second walk upentrance (2025) to the yard, with enlarged looking out windows. Treed private yard is waiting for your personal touch. All equipment owned norental. Plumbing and electrical ready to place a dishwasher to upper kitchen island. Basement brings in 1650 Plus Utilities monthly (2025) while Main level brings in 2600 inclusive of Utilities montly in 2025. Live in one of the unit and rent the other as mortgage helper, or rent both and enjoy positivecashflow and easy maintenance. This duplex is conveniently located within walking distance to University of Waterloo, and along bus route toboth universities, shopping and other amenities. (id:66811)

Financial sandbox

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Estimate
Purchase price$698K
Down payment30% · $209K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$21K

Annual cash flow

$-18K

Cash-on-cash

-8.46%

DSCR

0.54

Going-in cap

3.00%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

120,813

Households

54,466

Median income

$121,500

Median age

33.9

Daytime population

138,781

5-yr growth

3%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 297 TOLL GATE BOULEVARD, Waterloo.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.