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Welcome to 367 Holly Street North, Waterloo - where exceptional income potential meets an unbeatable location! This rare, City-approved and fully licensed student rental triplex presents an outstanding investment opportunity in one of Waterloo's most sought-after university rental markets. Featuring 14 bedrooms across three self-contained units - two 5-bedroom suites and one 4-bedroom suite - 3 full bathrooms, 3 kitchens, and over 2,300 sq. ft. of above-grade living space, this property is designed to maximize rental income while providing comfortable living for tenants. With potential gross annual income exceeding $114,000, this turnkey investment offers strong income potential and positive cash flow, with additional revenue from coin-operated laundry and six dedicated parking spaces. Recent upgrades include fresh paint throughout, modernized bathrooms, maple kitchen cabinetry, contemporary countertops, ceramic flooring, thermal-pane windows, and secure keypad entry for each unit. Situated on a generous 60' x 130' lot with R4 zoning, the property offers excellent long-term potential. Ideally located within walking distance of the University of Waterloo, Wilfrid Laurier University, and Conestoga College, plus transit, shopping, restaurants, parks, and everyday amenities. Whether you're an experienced investor expanding your portfolio or a first-time buyer seeking a high-income property, 367 Holly Street North delivers the rare combination of positive cash flow, strong rental income, multiple self-contained units, a prime student-rental location, modern upgrades, ample parking, and long-term investment potential. A true turnkey opportunity in a high-demand market - don't miss it!
Inclusions
All Appliances & All Electric Light Fixtures.
Broker
RE/MAX ULTIMATE REALTY INC.
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Multiplex
367 Holly Street N Waterloo
Waterloo
Built
51-99
Type
Multiplex
Basement
Finished
Parking
None (6)
Property Tax
~$9,864/yr
Heating
Baseboard
Buying Essentials
Square Feet
2250 sqft
Facing Direction
North
Parking
None (6)
Finances
List Price
$1,099,000
Price per SQFT
$488/sqft
Property Tax
~$9,864/yr
Property Specs
Property Type
Multiplex
MLS Size
2250 sqft
Age of Building
51-99
Basement
Finished
Living & Amenities
Heating Type
Baseboard
Features
Other
Policies & Utilities
Neighbourhood
Waterloo
Listed On
Aug 10, 2026
Days on Market
Current: 88 days
Room information is not available for this listing.
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