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119 REGINA Street N, WATERLOO
2026-06-03
Quick Summary
- Location
- 119 REGINA Street N, WATERLOO, Ontario N2J3B1
- Price
- $1,259,900
- Status:
- For Sale
- Property Type:
- Multi-family
- Area:
- 3573 sqft
- Bedrooms:
- 11
- Bathrooms:
- 3
- Garages:
- 7
MLS®#40835812
Property Description
Presenting this pristine Tri-Plex in the middle of Uptown Waterloo and steps from the University District. 119 Regina Street North, has been impeccably maintained under the same ownership since 1995. Always fully tenanted, this building is comprised of two, 4-bedroom units on the main and second floor with nearly 1,200 sq ft of living space. Each unit with a large eat in kitchen, living area, balcony and 4 bedrooms individually leased between $700 and $720 per room. The third unit, on the lower level features the same layout but with three bedrooms (windows above grade) renting for $700 per room and includes a walkout living room to a sunken patio. The mechanical room hosts a Lechinvar high-efficiency Boiler (4 years old), a large stainless steel hot water heater, and a spacious laundry room with coin operated services. Electrical panels have been upgraded throughout the building (11 years ago, ESA 2022). This building produces just shy of 100k net income yearly and with the operating CAP rate over 9% (Investment ProForma Available). Furthermore, the flexible RMU-30 zoning suggests there could be further densification for this property, either through an addition, an additional dwelling unit, or redevelopment. The irregular lot measures at .19 acres and currently allows for a large backyard for tenant enjoyment and also accommodates a parking lot with 7 spaces rented at $65 per space. This property provides excellent income, a fantastic location and long-term upside potential. Yearly Fire Inspections (2026) - Fully tenanted with leases in place until September 2029. (id:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Park, Place of Worship, Public Transit, Shopping
Building
- Appliances: Window Coverings
- Basement Development: Finished
- Basement Type: Full (Finished)
- Cooling Type: None
- Exterior Finish: Brick
- Fireplace: No
- Interior Size: 3573 sqft
- Building Type: Triplex
- Stories: 2
- Utility Water: Municipal water
Features
- Feature: Paved driveway, Laundry- Coin operated
Land
- Land Size: under 1/2 acre
- Sewer: Municipal sewage system
Ownership
- Type: Freehold
Zoning
- Description: RMU-30
Information entered by BENJAMINS REALTY INC.
Listing information last updated on: 2026-06-03 14:32:25
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$500,000
Your One Percent Realty Commission savings†
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We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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Over a dozen years licensed as a Sales Representative in Ontario. I have worked with as different ty ...
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