172 Elgin Crescent, Waterloo ON

About 172 Elgin Crescent

Live Upstairs, Rent Out the Lower Level – Licensed Dwelling with Walkout Basement in Prime Waterloo Location Upper level vacant – turnkey investment opportunity or ideal mortgage helper! This outstanding LICENSED 2-unit brick bungalow with loft and walkout basement is just steps to Uptown Waterloo, WLU, University of Waterloo, Conestoga College, shopping, and the LRT. Perfect for investors, multi-generational families, or parents seeking student housing. The main level offers a bright, functional layout with two bedrooms plus a loft bedroom, an eat-in kitchen with updated counters and faucet (2022), living room, and a 3-piece bath. Hardwood floors in the bedrooms, fresh paint, vinyl plank flooring in the living room and hallway, and a charming enclosed front porch add warmth and character. The fully finished walkout lower level, renovated in 2017, features large windows, a private entrance, a spacious family room with direct access to a covered patio, two bedrooms, a 4-piece bathroom, and a stylish second kitchen. The lower unit also includes a large utility room, laundry with full-size stackable washer/dryer (2020), cold cellar, and plenty of storage. Upgrades & Features: 50-year steel roof, furnace (2022)main floor fridge (2024),Vinyl plank flooring (2019), basement windows (2018/2019), water softener (2019)Eavestroughs & garage door (2020)Custom window blinds in basement (2022) The deep, fully fenced backyard includes a 9’ x 12’ shed—perfect for extra storage or creative future use. With a valid Waterloo rental license, this home is move-in or rent-out ready, offering excellent income potential in one of the region’s most sought-after locations.This one checks all the boxes—don’t miss your chance to own a versatile, income-generating property in Uptown Waterloo. The extra income covers a $335,000 mortgage Great opportunity for home ownership . (id:56071). Get more information on 172 Elgin Crescent

Property Features

Appliances:  Dryer, Refrigerator, Stove, Water softener, Washer, Microwave Built-in
Features:  Paved driveway
Rental Equipment:  None
Directions:  Regina
Zoning Description:  GR1
Interior Size:  2266 sqft
Community Features:  School Bus
Lot:  under 1/2 acre
Exterior Finish:  Brick Veneer
Water:  Municipal water, Municipal sewage system
Heating / Cooling:   Natural gas / Central air conditioning
Age:  1961
Foundation: Poured Concrete
Constructed Date:  1961
Basement:  Full (Finished) Finished

Rooms & Sizes

Bedroom Second level 11 2 x 10 4	Laundry room Basement 2 7 x 2 8	Kitchen Basement 19 8 x 10 7
Bedroom Basement 10 4 x 10 1	4pc Bathroom Basement Measurements not available	Bedroom Basement 12 2 x 10 2
Living room Basement 21 1 x 11 10	3pc Bathroom Main level Measurements not available	Bedroom Main level 10 9 x 9 6
Primary Bedroom Main level 12 0 x 10 11	Dining room Main level 10 5 x 8 7	Kitchen Main level 12 7 x 9 5
Living room Main level 20 5 x 11 9