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$698,000 total
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Asset Class
Multifamily
Size
—
Building class
A
Zoning
RA9 — High Rise
$ / SF
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Occupancy
87%
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)
Adjust the deal assumptions — returns recalculate instantly.
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.
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.
Confidential diligence documents for 297 TOLL GATE BOULEVARD, Waterloo.
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.