45 High St
Waterloo, N2L 3X7
FOR SALE
$899,999
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5 + 3
BEDROOMS2
BATHROOMS1 + 1
KITCHENS11
ROOMSX10427607
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Property Description
Fantastic Investment Opportunity Prime Location Near Wilfred Laurier University! This turnkey property is fully rented to a mix of students and working professionals, generating a strong and consistent rental income of $550 per room across 8 spacious bedrooms, totalling $52,800 annually. Located just 900 meters (a 10-minute walk) from Laurier University, and a short 15-minute bus ride to the University of Waterloo, this property offers exceptional rental demand in one of Ontario's top university towns. Significant recent updates include a fully renovated main floor bathroom (new shower, modern tile flooring, and toilet in 2023), as well as a beautifully refreshed basement bathroom with new modern tile flooring. The property also boasts brand-new plumbing throughout (2023) and a new AC/Heating system (2022) for year-round comfort. The detached garage, with a new roof (2022), offers additional storage or potential for extra income. Both units feature in-suite laundry, and the property is fully licensed with Class D2 (five bedrooms) and Class A3 (three bedrooms) rental licenses in place. This is an excellent, cash-flow-positive opportunity for investors looking to capitalize on the high demand for student and professional housing in this vibrant, high-traffic area. With the property fully rented and strong cash flow already in place, this is a rare chance to own a well-maintained, income-generating asset in a prime location. Investor worksheet available upon request.
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Extras
All existing light fixtures, all existing window coverings, all existing kitchen appliances (2 fridges, 2 stoves, Hood fans) All existing clothes washer and dryer.
Nearby Intersections
King & University (112)
Columbia & Albert (43)
Property Features
Library, Park, Place Of Worship, Public Transit, School, School Bus Route
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Property Details
Street
City
Property Type
Detached, Bungalow
Lot Size
50' x 130'
Acreage
< .50
Fronting
North
Taxes
$6,515 (2023)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
Detached
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Kitchen | Main | 15.68' x 21.65' | Combined W/Living |
Br | Main | 9.81' x 8.99' | |
2nd Br | Main | 9.91' x 11.42' | Closet, Walk-Up |
3rd Br | Main | 8.33' x 9.68' | |
4th Br | Main | 11.25' x 11.42' | |
5th Br | Main | 9.06' x 11.25' | |
Kitchen | Bsmt | 9.09' x 11.25' | |
Rec | Bsmt | 13.32' x 12.24' | |
Br | Bsmt | 10.24' x 11.52' | |
2nd Br | Bsmt | 11.09' x 10.01' | |
3rd Br | Bsmt | 11.09' x 10.17' |
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Waterloo Market Statistics
Waterloo Price Trend
45 High St is a 5-bedroom 2-bathroom home listed for sale at $899,999, which is $49,999 (5.9%) higher than the average sold price of $850,000 in the last 30 days (October 24 - November 22). During the last 30 days the average sold price for a 5 bedroom home in Waterloo declined by $500,000 (37.0%) compared to the previous 30 day period (September 24 - October 23) and down $735,000 (46.4%) from the same time one year ago.Inventory Change
There were 4 5-bedroom homes listed in Waterloo over the last 30 days (October 24 - November 22), which is up 300.0% compared with the previous 30 day period (September 24 - October 23) and up 100.0% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Waterloo typically sold $150,000 (17.6%) above asking price over the last 30 days (October 24 - November 22), which represents a $169,900 increase compared to the previous 30 day period (September 24 - October 23) and $51,000 more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 5-bedroom homes in Waterloo over the last 30 days (October 24 - November 22) stood at 25.0%, down from 300.0% over the previous 30 days (September 24 - October 23) and down from 150.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 2-bathroom home in Waterloo stood at 4 days when successfully sold over the last 30 days (October 24 - November 22), compared to 62 days before being removed from the market upon being suspended or terminated.Listing contracted with Fortune Homes Realty Inc.
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