367 Holly Street N Waterloo, Ontario N2L 4G2

$1,449,000

Welcome to 367 Holly Street North, Waterloo - where exceptional income potential meets an unbeatable location! This rare, City-approved and fully licensed student rental triplex presents an outstanding investment opportunity in one of Waterloo's most sought-after university rental markets. Featuring 14 bedrooms across three self-contained units - two 5-bedroom suites and one 4-bedroom suite - 3 full bathrooms, 3 kitchens, and over 2,300 sq. ft. of above-grade living space, this property is designed to maximize rental income while providing comfortable living for tenants. With potential gross annual income exceeding $114,000, this turnkey investment offers strong income potential and positive cash flow, with additional revenue from coin-operated laundry and six dedicated parking spaces. Recent upgrades include fresh paint throughout, modernized bathrooms, maple kitchen cabinetry, contemporary countertops, ceramic flooring, thermal-pane windows, and secure keypad entry for each unit. Situated on a generous 60' x 130' lot with R4 zoning, the property offers excellent long-term potential. Ideally located within walking distance of the University of Waterloo, Wilfrid Laurier University, and Conestoga College, plus transit, shopping, restaurants, parks, and everyday amenities. Whether you're an experienced investor expanding your portfolio or a first-time buyer seeking a high-income property, 367 Holly Street North delivers the rare combination of positive cash flow, strong rental income, multiple self-contained units, a prime student-rental location, modern upgrades, ample parking, and long-term investment potential. A true turnkey opportunity in a high-demand market - don't miss it! (id:55460)

Property Details

MLS® Number	X13663900
Property Type	Multi-family
Equipment Type	Water Heater
Parking Space Total	6
Rental Equipment Type	Water Heater

Building

Bathroom Total	3
Bedrooms Above Ground	14
Bedrooms Total	14
Age	51 To 99 Years
Appliances	All
Basement Development	Finished
Basement Type	N/a (finished)
Construction Style Split Level	Sidesplit
Cooling Type	None
Exterior Finish	Brick Veneer
Heating Fuel	Electric
Heating Type	Baseboard Heaters
Size Interior	2,000 - 2,500 Ft2
Type	Other
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	130 Ft
Size Frontage	60 Ft
Size Irregular	60 X 130 Ft
Size Total Text	60 X 130 Ft

Utilities

Electricity	Installed
Sewer	Installed

https://www.realtor.ca/real-estate/30142944/367-holly-street-n-waterloo