139 Elgin Crescent, Waterloo
Investor 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. (id:1945)
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Property details for 139 Elgin Crescent, Waterloo
- Type
- Multi-family
- Living Area
- 1,972 square feet
- Stories
- 1
- Basement
- Finished, Full
- Parking
- Attached Garage
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Exterior
- Brick, Vinyl siding
- Ownership
- Freehold
- Annual Taxes
- $6,746
Nearby Listings Stat
Estimated price and comparable properties near 139 Elgin Crescent
Active Listings
315
Min Price
$10,000
Max Price
$14,880,000
Avg Price
$846,519
Days on Market
74
days
Sold Listings
145
Min Sold Price
$99,000
Max Sold Price
$1,699,900
Avg Sold Price
$612,593
Days until Sold
71
days
Neighbourhood Census Data
Waterloo, Ontario
Population
491
Median Age
48.5
Median Income
$27,712
Dwelling Value
$250,351
Housing Tenure
Owners 73%
Renters 26%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 1.9
Pop. Density: 2,213.7/km²
Avg Shelter Cost: $1,030/mo
Owners with Mortgage: 37.5%
Owners Spending 30%+: 30%
Tenants Spending 30%+: 64.3%
English only: 88.8%
French only: 1%
English and French: 9.2%
Neither: 2%
Median Household Income: $49,536
Median Employment Income: $22,336
Price History
Listed
July 4, 2026
by Royal LePage Wolle Realty
Current Price
$999,900
Type
Multi-family
For Sale
