151 University Avenue, Waterloo, ON
Property no longer active
This property was sold on April 16, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Other fourplex located in the coveted neighborhood of Waterloo. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $2,499,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 8 Bathrooms with 4 functional kitchens
- Generous living space spanning 5000 + sqft on a premium 64 x 159 ft lot
- Features a apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 7.0 total parking spaces available with a convenient other configuration
- Notable attributes: Central Vacuum
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
A great investment opportunity for a student apartment building in the core strip of Waterloo. It is close to three universities: 2.2 km to the UW, 1.2 km to WLU, and 0.4 km to Conestoga College, with direct bus Route 202 to all schools. The lot measures 64.05 x 158.65 feet, zoned MU20, with potential for higher-level building in the near future.This fourplex student building includes 20(4X5) bedrooms, 8 (4X2) bathrooms, and 4 (4X1) kitchens. There is a separate laundry room with coin-operated machines. The property offers 7 parking spots, an AC and central heating system. All kitchens are newly renovated; the roof was replaced in 2017, and all equipment is in great working condition.Built in 2002 specifically for students, no renting license is required. It has been operated and maintained by the owner who has since moved to BC.The total gross income for the past three years has been over $200K annually (excluding parking and laundry income). For serious buyers, the lease list can be provided. The annual fixed costs are about $40,000 excluding mortgage interest. Its fully leased now with on-call maintenance staff and 24hrs emergency contact. Don't miss your chance to explore this investment property !
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Property Summary
This fourplex located at 151 University Avenue, Waterloo is currently for sale and has been available on SousaSells for 639 days. This property is listed at $2,499,900 with an estimated mortgage of $8,321* per month. It has 0 beds, 8 bathrooms, and is 5000 + square feet. 151 University Avenue, Waterloo
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 151 University Avenue E, Waterloo, ON N2J 2W4
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Waterloo, ON
For a property listed at $2,499,900 in Waterloo, the legal minimum down payment is $499,980 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $48,973 for this transaction. As this listing is in Waterloo (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $48,973.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.