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$ 750,000
Est. payment /mo
Active
4 CARDILL Crescent Waterloo, ON N2L3Y6
8 Beds
2 Baths
2,146 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,146 sqft
Price per Sqft $349
Subdivision 421 - Lakeshore/Parkdale
MLS® Listing ID 40757428
Bedrooms 8
Year Built 1965
Property Sub-Type Freehold
Source Cornerstone Association of REALTORS®
Property Description
Welcome to 4 Cardill Crescent – A Rare, Turnkey Investment in Waterloo's Sugarbush Neighbourhood! This cash flow positive property generates over $57,000 in annualized gross income through August 2026, with potential to grow. With 35% down, this investment can work for you from day one. A City-approved Class D1 rental license makes this a fully compliant, turnkey student rental operation—an uncommon find in Waterloo. The main floor features a spacious common area, modern baseboards, and thin plank hardwood flooring in the bedrooms. The lower level offers generously sized bedrooms with oversized egress windows for safety and comfort. Updated vinyl windows throughout improve efficiency and curb appeal. A large detached garage provides excellent potential for landlord storage or conversion into an additional income stream. Located within a 10-minute walk to both Wilfrid Laurier University and the University of Waterloo, the property is ideally positioned to serve over 55,000 students. Situated in the prestigious Sugarbush neighbourhood, the property benefits from the proposed Sugarbush South Corridor Expansion Initiative and is adjacent to Northdale, where values surged after Mixed-Use zoning was passed. Now zoned R9, the site offers long-term redevelopment potential—warehouse the site while awaiting a knock on the door from a developer. This home suits a wide range of buyers. First-time homeowners can offset their mortgage with rental income. Multi-generational families will appreciate the space. University and tech professionals will enjoy the proximity to work. Parents of students will value the location. Investors will see strong rental potential in one of Ontario's top-ranked markets. An investor worksheet is available. With flexible closing, this is your chance to secure a high-performing property in a growing area. Schedule your private showing today! (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air,
Cooling None
Exterior
Parking Features Yes
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 1
Sewer Municipal sewage system
Others
Ownership Freehold
Virtual Tour https://youriguide.com/4_cardill_crescent_waterloo_on/
Listed by Royal LePage Wolle Realty
