Legal Duplex Renovator's Dream Near Uptown Waterloo

You can walk to The Bauer Kitchen in five minutes from this duplex on Willow Street, just off Uptown Waterloo's main drag. It's a 1910 brick-and-aluminum fixer-upper with real bones. Two separate units: the main floor has a big 11'7" x 18'7" kitchen, a family room, a bedroom, and a 3pc bath. Upstairs is a second kitchen, another bedroom, an office, a family room, and another 3pc bath. Third level has a loft that runs the width of the house, about 22 feet long. All told you're looking at 1,682 square feet of living space, currently set up as a two-bed, two-bath duplex. The place needs work, no sugarcoating. Basement's unfinished and the heating system's a mix of forced air and boiler, which tells you it's got layers. But this is a rare downtown property zoned GR2, which allows for all sorts of possibilities. The lot's narrow, 43 feet of frontage, but location's unbeatable. Hop on the Ion light rail a few blocks away, or bike to Wilfrid Laurier in under ten minutes. Grand River Hospital is just 0.7 km if you need it. Asking $799,000 seems steep compared to the $448,450 median sale nearby, but you're paying for the zoning and the address. The survey says it's a listed at 80% rental potential; 67% investment score. If you're a contractor or an investor with vision, this could be your cash cow. Otherwise, skip it and save your patience.