86 Albert Street, Waterloo ON

About 86 Albert Street

Welcome to 86 Albert Street – A Rare Opportunity in the Heart of Waterloo! Discover the potential of this charming home located in the prestigious Albert-MacGregor Heritage Conservation District. Offering over 2300+ finished square feet across three and a half levels, this property blends timeless character with modern versatility. Original features such as thin plank hardwood flooring, wide wood baseboards, and French doors add warmth and charm, while the loft-style upper level and high basement ceilings provide unique and functional living spaces. Currently configured as two separate three-bedroom units, each with recently renewed, City-approved rental licenses and in-suite laundry, this home has the potential to generate an impressive $64,800 in gross annual income. A simple removal of one wall on the main floor easily converts the home back to a spacious single-family residence. Situated just steps from Uptown Waterloo, Waterloo Park, and within walking distance to Wilfrid Laurier University and the University of Waterloo, this location offers unmatched convenience. Enjoy easy access to vibrant shops, restaurants, cafes, and nightlife – perfect for those who appreciate urban living. Whether you re a first-time buyer seeking a mortgage helper, a multi-generational household, a university or tech professional, a parent investing in housing for university-bound children, or an investor looking for strong rental returns, this property checks all the boxes. Don t miss out on this exceptional opportunity – contact your REALTOR® today to schedule a private showing! (id:56071). Get more information on 86 Albert Street

Property Features

Appliances:  Water meter
Features:  In-Law Suite
Rental Equipment:  None
Fireplace Total:  1
Fireplace:   Other - See remarks
Directions:  Spring Street West and Albert Street, three minute walk to WLU, ten minute walk to UW, ten minute walk to Uptown
Zoning Description:  RC1
Interior Size:  2233 sqft
Lot:  0|under 1/2 acre 0
Exterior Finish:  Brick, Stucco, Wood
Water:  Municipal water, Municipal sewage system
Heating / Cooling:   Natural gas / None
Age:  1922
Foundation: Stone
Construction:  Wood frame
Constructed Date:  1922
Basement:  Full (Finished) Finished

Rooms & Sizes

Primary Bedroom Second level 11 0 x 11 7	Kitchen Second level 13 8 x 10 7	Dining room Second level 11 8 x 6 9
Bedroom Second level 9 11 x 9 7	Bedroom Second level 9 11 x 10 0	4pc Bathroom Second level 6 4 x 6 7
Loft Third level 23 10 x 31 1	Cold room Basement 8 9 x 7 8	Utility room Basement 12 2 x 11 9
Bedroom Basement 9 6 x 10 6	Bedroom Basement 11 0 x 13 7	Living room Main level 14 2 x 15 10
Kitchen Main level 11 5 x 11 2	Foyer Main level 5 10 x 11 4	Bedroom Main level 13 9 x 11 4
3pc Bathroom Main level 8 8 x 5 10