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$815,000

Waterloo ON, N2K 2E4

MLS® # 40784430

Property Information:

Stunning Legal Duplex Bungalow on a highly sought after Crescent in Waterloo! This extensively renovated property is the perfect addition to any investment portfolio. Featuring two fully updated units, including a legal basement apartment completed with permits in 2020 — this investment property offers both style and practical design. With fully separate heating and cooling systems for each unit and independent gas and hydro meters, tenants will pay and gas and hydro and landlord covers water. The upper unit boasts 3 bedrooms and 1 bathroom, with a bright and open concept layout. The kitchen is a showstopper with quartz countertops, stainless steel appliances, and a breakfast bar with seating that opens to the family and dining rooms. The lower unit offers 1 bedroom plus a den, complete with individual heating controls for each room, wall-mounted AC, and a gas fireplace. The kitchen provides generous storage and countertop space plus a breakfast bar. Metal roof plus both units feature in-suite laundry and a double-wide driveway with parking for up to 6 vehicles. The large fully fenced lot features a spacious wood deck for tenants to enjoy and total privacy in the backyard with mature trees plus a car port Located in one of Waterloo’s most desirable neighbourhoods, just steps from transit, close to expressway access, parks, green space, shopping, and all amenities. The upper unit is occupied by an exceptional AAA+ tenant and the lower unit is ready for your own tenant selection or personal use!

Inclusions: None

Building Features:

  • Floor Space: 2082 Square Feet

Property Features:

  • Bedrooms: 4
  • Acres Range: < 0.5
  • Basement: Walk-Up Access, Full, Finished
  • Built in: 1974
  • Construction Materials: Brick
  • Cooling: Central Air, Ductless, Wall Unit(s)
  • Driveway Parking: Carport Parking
  • Floor Space (approx): 2082 Square Feet
  • Heating: Baseboard, Electric, Fireplace(s), Forced Air, Natural Gas
  • Interior Features: Accessory Apartment, Separate Heating Controls, Separate Hydro Meters
  • Laundry Features: In-Suite
  • Lot Depth: 111 Feet
  • Lot Features: Pie Shaped Lot, Ample Parking, Park, Public Transit, Schools, Shopping Nearby
  • Lot Frontage: 40.00 Feet
  • Roof: Metal
  • Water Source: Municipal
  • Zoning: SR1-10
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 6

Courtesy of: C M A REALTY LTD.

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Potential Investment Performance

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Location of 357 Grangewood Drive, Waterloo, ON, N2K 2E4

Demographic Information of 357 Grangewood Drive, Waterloo, ON, N2K 2E4

Life Stage

Young Couples

Employment Type

Mixed

Average Household Income

$123,385.77

Average Number of Children

1.69

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

12.5 %

High school certificate or equivalent

28.68 %

Apprenticeship trade certificate/diploma

6.86 %

College/non-university certificate

23.55 %

University certificate (below bachelor)

1.62 %

University Degree

26.79 %

Commuter

Travel To Work

By Car

93.89 %

By Public Transit

3.63 %

By Walking

0.1 %

By Bicycle

0.0 %

By Other Methods

2.38 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

6.56 %

Houses

93.44 %

Own Vs. Rent