For Sale

275-279 Herbert Street, Waterloo, Ontario N2J 1V3

$0

275-279 Herbert Street, Waterloo, Ontario N2J 1V3 is For Sale and has a listing price of 3,650,000. The property is located in the Waterloo . It's been on the website for 53 Days.

  • Multiplex
    Property Type
  • 28
    Bedrooms
  • 17
    Bathrooms
  • MLS ID: X12315782
  • Office Name ROYAL LEPAGE WOLLE REALTY
Property Description

Welcome to 275, 277, and 279 Herbert Street in Waterloo – an outstanding turnkey purpose-built three Building Apartment complex nestled in one of Waterloos sought-after neighbourhoods. This investment opportunity features two 6-plex buildings and one 5-plex building, offering a total of 17 fully leased units with a solid rental history and strong income potential. Located within walking distance to Grand River Hospital (now known as Waterloo Regional Health Network at Midtown), multiple LRT stops, a variety of shops, cafes, and popular restaurants, this well-maintained property blends urban convenience with long-term investment stability. Residents enjoy easy access to public transit, parks, schools, and Waterloos vibrant core – making this an attractive address for Tenants of all ages. The unit mix features one Bachelor Unit, six One-Bedroom Units, nine Two-Bedroom Units, and one Three-Bedroom Unit. Each Building has been well maintained, and each is equipped with on-site Laundry facilities for Tenant convenience, and the property includes a detached Garage with four rentable parking spaces, providing additional monthly income. This is a turn-key investment with low vacancy rates, reliable Tenants, and a steady cash flow with great potential for future value appreciation, all located in a thriving and growing City known for its flourishing Tech industry and Universities. Whether you’re a seasoned Investor, new to Multi-Residential ownership, or looking for a possible future Redevelopment opportunity, this property offers the perfect blend of location, stability, and upside. Don’t miss your chance to own a strategic income-generating asset in the ever-expanding Waterloo market.

Property Details
  • Bedrooms: 28
  • MLS ID: X12315782
  • Bathrooms: 17
  • Price: $3,650,000
  • Lot Depth: 195.33
  • Transaction Types: For Sale
  • Ref ID: X12315782
  • Year Built: N/A
  • Approx Sqft: 5000 +
  • Dir / Cross St: Turn off of Union Street East or Pine Street.
  • Status: Active
  • Tax Year: 2025
  • Approx Age: 51-99
  • Property Type: Multiplex
  • Property Type: Commercial
  • Property Sub Category: Commercial
Price History
List Date MLS ID List Price Status End Date Closed Price
07/30/2025 X12315782 $3,650,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Waterloo
  • $804,732 Average List Price
    based on 1 year
  • 299 New Listings
    based on 30 days
  • 87 Median Days on Market
    based on 1 year
  • List vs. Selling Price 114.51 % Up
  • Sold (12mo) 624
  • Rented (12mo) 239

  • 1 Month Change +33.4%
  • 3 Month Change -4.3%
  • 6 Month Change -6.9%
Walkscore
Property Type Distribution
  • All Houses
    45.19%
  • Commercial
    6.41%
  • Condo
    48.29%
  • Land for Sale
    0.11%
Additional Details
  • Heat Type Baseboard
  • Heat Source Other
  • Style Other
  • Washroom Type1: 17
  • Garage Type Detached
  • Parking Spaces: 13
  • Exterior Brick
  • Kitchen Y
  • Washrooms Type 1 # Pcs: 3
  • Taxes: $27,174
  • Last Status New
  • Original Price: $3,650,000
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: Immediate
  • Listing Entry Date: 30/07/2025 18:49:20
Want to see this property?