139 Elgin Crescent, Waterloo ON

About 139 Elgin Crescent

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. (id:56071). Get more information on 139 Elgin Crescent

Property Features

Appliances:  Water softener, Garage door opener
Features:  Southern exposure
Rental Equipment:  
Directions:  Weber Street North to Noecker Street. Noecker Street to Elgin Crescent. Turn Right on Elgin Crescent. Property is on the right.
Zoning Description:  R1
Interior Size (Approximate):  1972 sqft
Community Features:  Quiet Area, School Bus
Access:  Road access
Lot (Approximate):  under 1/2 acre
Exterior Finish:  Brick, Vinyl siding
Water:  Municipal water, Municipal sewage system
Heating / Cooling:   Natural gas / Central air conditioning
Age (Approximate):  1958
Foundation: Poured Concrete
Constructed Date:  1958
Basement:  Full (Finished) Finished

Rooms & Sizes

(Approximate)