CAONWaterlooCentral District139 Elgin Cres

139 Elgin Cres, Waterloo, ON

House

For Sale

Listed price in listed location currency (CAD).

$999,900

004

MLS® 40844518

Key Facts
Description
Map

Key Facts

Type Duplex

Levels Residential Income

Size 1017 sqft

Garage Yes

Taxes $6,746

Days Active 36

Lot Size 6382 SF

Approx. Age 1958

Avg. Price Per Sqft $983

MLS® Number 40844518

Property Address: 139 Elgin Cres, Waterloo, ON, N2J2S5

Average square foot calculated using Size range provided by listing agent.

Description

Investor 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.

MLS® Number40844518

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1958

BasementSeparate Entrance, Full, Finished

DrivewayAttached Garage, Garage Door Opener

Garage Spaces

HeatForced Air, Natural Gas

A/CCentral Air

Extras

Carbon Monoxide Detector, Garage Door Opener, Hot Water Tank Owned, Smoke Detector, 3 Fridges, 2 Stoves, 2 Dishwashers, 1 Washer, 1 Dryer

Price History

-End Date

Not Sold YetSold Price

For Sale

Jul 4, 2026List Date

$999,900List Price

-End Date

Not Sold YetSold Price

For Sale

Jul 4, 2026List Date

$999,900List Price

00/00/0000End Date

$XXX,XXXSold Price

Top Secret

00/00/0000List Date

$XXX,XXXList Price

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