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MLS® X13522576
Waterloo, ON
nvestor Alert - Rare Opportunity to Acquire a Fully Stabilized, Rental Licensed 3+3 Bedroom Property in One of Waterloo's Most Proven Rental Locations.Welcome to 139 Elgin Crescent, a turnkey income-producing asset offering the combination investors are actively seeking: strong cash flow, excellent tenant quality, and long-term income certainty. The property is fully leased under a multi-year agreement through to at least April 30, 2027, generating $5,970 per month plus utilities ($71,640 annually), providing immediate cash flow with virtually no leasing risk.This home with registered accessory apartment features two self-contained 3-bedroom units, each with its own kitchen and bathroom, making it ideally configured for the Waterloo student rental market. Situated on a mature 50 foot x 127 foot lot within walking distance of Wilfrid Laurier University, the University of Waterloo, Uptown Waterloo, shopping, restaurants, transit and everyday amenities, the location has consistently demonstrated strong tenant demand.The property has benefited from numerous updates over the years, including roof, furnace, air conditioning, wiring, plumbing and bathroom updates. Recently completed vinyl plank flooring throughout the main floor living room, hallway and all three upstairs bedrooms provides a fresh, modern appearance while offering the durability investors appreciate.Additional features include large basement egress windows, shared laundry, an attached garage (real bonus in this area), double-wide driveway parking, fenced backyard and an expansive stone patio. Whether you're expanding an existing portfolio or seeking a dependable hands-off investment in one of Ontario's perennially strongest rental markets, this is a rare opportunity to acquire a fully licensed, fully leased, and professionally maintained rental asset with predictable income already secured well into 2027. A true turnkey investment-buy today and collect strong rent tomorrow.
Inclusions
Three fridges, two stoves, 2 dishwashers, 1 washing machine, 1 dryer
Exclusions
Tenants' Possessions
Broker
ROYAL LEPAGE WOLLE REALTY
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Duplex
139 Elgin Crescent Waterloo
Waterloo
Built
51-99
Type
Duplex
Basement
Walk-Up, Finished, Separate Entrance
Parking
Attached (2)
Property Tax
~$6,746/yr
Heating
Forced Air
Buying Essentials
Square Feet
900 sqft
Facing Direction
North
Parking
Attached (2)
Finances
List Price
$999,900
Price per SQFT
$1,111/sqft
Property Tax
~$6,746/yr
Property Specs
Property Type
Duplex
MLS Size
900 sqft
Age of Building
51-99
Basement
Walk-Up, Finished, Separate Entrance
Living & Amenities
Heating Type
Forced Air
Features
Accessory Apartment · Carpet Free · In-Law Suite · In-Law Capability · Primary Bedroom - Main Floor · Water Heater Owned · Water Softener
Policies & Utilities
Neighbourhood
Waterloo
Listed On
Jul 4, 2026
Days on Market
Current: 125 days
4 Pc Bath
8.3 x 7.4
62 sqft
9.1 x 10.9
100 sqft
8.4 x 11.9
100 sqft
12.6 x 11.1
140 sqft
16.6 x 16.2
270 sqft
12.5 x 12.0
150 sqft
3 Pc Bath
6.5 x 7.7
51 sqft
10.9 x 10.9
119 sqft
11.0 x 10.9
120 sqft
10.8 x 11.1
120 sqft
12.5 x 15.1
188 sqft
15.3 x 10.9
167 sqft
3.9 x 15.0
58 sqft
Rooms
13
Listed Room Area
1,645 sqft
Source
Estimated from MLS room dimensions
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