151 University Avenue E
Waterloo, ON N2J 2W4
- 0Bedrooms
- 8Bathrooms
- 7Parking
- 5000 +Sq Ft
- $12,165Tax
- 64×159 ftLot Size
Free EstimateSee Free Estimate Report
This home has sold. It is no longer available.
Property not available for sale or for rent.
Sale & Price History for 151 University Avenue E, Waterloo
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2024-10-16 | 2025-04-16 | Login to See Prices | Sold | x9398686 |
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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.
About 151 University Avenue E, Waterloo
A great investment opportunity for a student apartment building in the core strip of Waterloo. It is close to three universities: 2.2 km to the UW, 1.2 km to WLU, and 0.4 km to Conestoga College, with direct bus Route 202 to all schools. The lot measures 64.05 x 158.65 feet, zoned MU20, with potential for higher-level building in the near future.This fourplex student building includes 20(4X5) bedrooms, 8 (4X2) bathrooms, and 4 (4X1) kitchens. There is a separate laundry room with coin-operated machines. The property offers 7 parking spots, an AC and central heating system. All kitchens are newly renovated; the roof was replaced in 2017, and all equipment is in great working condition.Built in 2002 specifically for students, no renting license is required. It has been operated and maintained by the owner who has since moved to BC.The total gross income for the past three years has been over $200K annually (excluding parking and laundry income). For serious buyers, the lease list can be provided. The annual fixed costs are about $40,000 excluding mortgage interest. Its fully leased now with on-call maintenance staff and 24hrs emergency contact. Don't miss your chance to explore this investment property!
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $12,165
- Land Transfer Tax Fee
- $48,973
Rental Items
- Rental Equipment
- Four water heaters are rented.
- Basement Type
- Apartment
Interior Features
- Interior Extras
- Central Vacuum
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
Building
- Building Type
- Multiplex
- Building Style
- Other
- Approx Age
- 16-30
Construction
- Exterior Finish
- Brick
- Roof
- Asphalt Shingle
- Foundation Details
- Concrete, Poured Concrete
- Special Designation
- Other
Lot
- Lot Front
- 64.00 ft
- Lot Depth
- 159.00 ft
Inclusions
- Inclusions
- All fridges, stoves and microwaves; washer & dryer; all furniture; window curtains; light fixtures
Parking & Garages
- Garage Type
- Other
- Garage Spaces
- 7
- Parking Spaces
- 7
- Total Garage And Parking Spaces
- 7
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Central Air
- Water
- Municipal
- Sewers
- Sewer
- Natural Gas
- Yes
- Hydro
- Available
- Washrooms
- 8
- Kitchens
- 4
- Family / bonus room
- Yes
Room sizes
- Room—
Washrooms
- 4-piece, Ground
- 4-piece, Second
- 4-piece, Third
- 4-piece, Upper
- Municipality
- Waterloo
- Main cross streets
- University Ave East / Weber St
- MLS® number
- X9398686
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2025-04-16
- Listed on
- 2024-10-16
- Days on market
- 182 days
- Possession type
- To Be Arranged
- Co-op commission
- 2%
- Seller
- Listed by
- HOMELIFE LANDMARK REALTY INC.
Home Market Value
Current home valuation for 151 University Avenue E, Waterloo, , . Listed for $2,499,900
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 151 University Avenue E, Waterloo
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
20% required for homes $1.5M or more
$499,980
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $0 | $0 | $0 | $0 |
=Total mortgage | $1,999,920 | $1,874,925 | $1,749,930 | $1,624,935 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $9,765monthly | $9,154monthly | $8,544monthly | $7,934monthly |
Land Transfer Tax
$48,973
$48,973
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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