Added 2 hours ago
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Type: Triplex
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Style: 2 1/2 Storey
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Size: 1500 sqft
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Lot Size: 41 x 127 Feet
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Age: 100+ years
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Taxes: $6,553 per year
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Added: Feb 07, 2025 (2 hours ago)
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Updated:
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Last Checked: 3 hours ago
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MLS®#: X11962139
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Listed By: Engel & volkers waterloo region
Rare Investment Opportunity in Prime Uptown Waterloo! Discover this exceptional legal triplex ( two 2 bedroom units and one 4 bedroom unit ), perfectly situated in the heart of Uptown Waterloo, 4 minutes walk to restaurants, shops, Waterloo Town Square, LRT, Waterloo Park and all the conveniences of city living. With a rare Lane-way (Wells Lane) access at the back with additional 3 parking and a shed, this property offers both functionality and investment appeal . Property Highlights: Turnkey and fully updated with numerous recent upgrades, ensuring a hassle-free investment. The main unit is brand new and vacant, making it ideal for an owner-occupier or a high-quality tenant at market rent. The upper unit and lower unit are both leased to great tenants at market rates, providing immediate and stable rental income. Located in one of Waterloos most desirable neighbourhoods, this property is within walking distance of trendy cafes, restaurants, boutique shops, parks, and public transit, offering unbeatable convenience. Why Invest Here? 1-Strong rental demand in a sought-after location. 2-Ideal for investors looking for a solid income property with minimal maintenance. 3-Perfect for house hacking - live in one unit while tenants help cover your mortgage. 4 - Highest land value in Waterloo Region With its prime location, modern upgrades, and strong rental potential, this rare find wont last long. Don't miss this incredible opportunity to own a highly desirable triplex in Uptown Waterloo!
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Property
Status: Sale
Property Type: Triplex
Style: 2 1/2 Storey
Size (sq ft): 1500
Age: 100+
Area: Waterloo
Availability Date: Flexible
Assessment Amount: $515,000
Assessment Year: 2024
Inside
Bedrooms: 6
Bedrooms Plus: 2
Bathrooms: 3
Kitchens: 2
Kitchens Plus: 1
Rooms: 12
Den/Family Room: No
Air Conditioning: None
Fireplace: No
Central Vacuum: N
Washrooms: 3
Building
Basement: Finished
Basement 2: Full
Heat Type: Forced Air
Heat Source: Gas
Exterior: Brick
Water Supply: Municipal
Special Designation: Unknown
Retirement: N
Parking
Driveway: Pvt Double
Garage Spaces: 1
Garage Type: Attached
Covered Parking Spaces: 5
Total Parking Spaces: 6
Fees
Tax Year: 2024
Tax Legal Description: PT LT 31-32 PL 495 CITY OF WATERLOO AS IN 779812; S/T EXECUTION
Taxes: $6,553
Highlights
Feature: Hospital
Feature: Library
Feature: Park
Feature: Public Transit
Feature: Rec Centre
Feature: School
Land
Cross Street: ERB ST
Municipality District: Waterloo
Fronting On: West
Parcel Number: 224100117
Parcel of Tied Land: N
Pool: None
Sewer: Sewers
Lot Depth: 127 Feet
Lot Frontage: 41 Feet
Acres: < .50
Zoning: GR2
Waterfront: None
Rooms
Room details for 40 Menno Street, Waterloo
| Type | Dimensions | Description |
|---|---|---|
| Living Bsmt | 3.15 x 5.18 | |
| Kitchen Bsmt | 3.15 x 4.06 | |
| Laundry Bsmt | 3.61 x 2.01 | |
| Bathroom Bsmt | 1.42 x 2.29 | 3 Pc Bath |
| Prim Bdrm Bsmt | 3.12 x 2.51 | |
| Br Bsmt | 3.07 x 2.31 | |
| Other Bsmt | 2.90 x 1.85 | |
| Living Main | 4.42 x 3.78 | |
| Prim Bdrm Main | 3.66 x 3.56 | |
| Br Main | 3.20 x 2.51 | |
| Kitchen Main | 4.67 x 1.60 | |
| Bathroom Main | 2.24 x 1.60 | 3 Pc Bath |
Very Walkable
- Most errands can be accomplished on foot.
Good Transit
- Some errands can be accomplished by public transportation.
Biker's Paradise
- Daily errands do not require a car.
Our Lady of Lourdes Catholic Elementary School
Elementary: CatholicKeatsway Public School
Elementary: PublicWestmount Public School
Elementary: PublicMacGregor Public School
Elementary: PublicElizabeth Ziegler Public School
Elementary: PublicEmpire Public School
Elementary: PublicSt David Catholic Secondary School
Secondary: CatholicForest Heights Collegiate Institute
Secondary: PublicKitchener Waterloo Collegiate and Vocational School
Secondary: PublicBluevale Collegiate Institute
Secondary: PublicWaterloo Collegiate Institute
Secondary: PublicResurrection Catholic Secondary School
Secondary: Catholic-
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