139 Elgin Crescent

ActiveWaterloo33 days on marketMLS® X13522576

$999,900

$1,428 / sq ft

Bedrooms6

Bathrooms2

Interior700 sq ft

Lot Size6,382 sq ft

TypeMulti-Family

ListingFor Sale

Days on Market33

About this property

nvestor Alert - Rare Opportunity to Acquire a Fully Stabilized, Rental Licensed 3+3 Bedroom Property in One of Waterloo's Most Proven Rental Locations.Welcome to 139 Elgin Crescent, a turnkey income-producing asset offering the combination investors are actively seeking: strong cash flow, excellent tenant quality, and long-term income certainty. The property is fully leased under a multi-year agreement through to at least April 30, 2027, generating $5,970 per month plus utilities ($71,640 annually), providing immediate cash flow with virtually no leasing risk.This home with registered accessory apartment features two self-contained 3-bedroom units, each with its own kitchen and bathroom, making it ideally configured for the Waterloo student rental market. Situated on a mature 50 foot x 127 foot lot within walking distance of Wilfrid Laurier University, the University of Waterloo, Uptown Waterloo, shopping, restaurants, transit and everyday amenities, the location has consistently demonstrated strong tenant demand.The property has benefited from numerous updates over the years, including roof, furnace, air conditioning, wiring, plumbing and bathroom updates. Recently completed vinyl plank flooring throughout the main floor living room, hallway and all three upstairs bedrooms provides a fresh, modern appearance while offering the durability investors appreciate.Additional features include large basement egress windows, shared laundry, an attached garage (real bonus in this area), double-wide driveway parking, fenced backyard and an expansive stone patio. Whether you're expanding an existing portfolio or seeking a dependable hands-off investment in one of Ontario's perennially strongest rental markets, this is a rare opportunity to acquire a fully licensed, fully leased, and professionally maintained rental asset with predictable income already secured well into 2027. A true turnkey investment-buy today and collect strong rent tomorrow.

Features & finishes

View

Air Conditioning

Basement

Property details

MLS® Number	X13522576
Status	Active
Listing Type	For Sale
Property Type	Multi-Family
Interior Size	700 sq ft
Lot Size	6,382 sq ft
Beds / Baths	6 bed · 2 bath
City	Waterloo
Postal Code	N2J 2S5
Province	ON
Listed Date	July 4, 2026
Days on Market	33
Price per Sq Ft	$1,428
Brokerage	ROYAL LEPAGE WOLLE REALTY