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54 HIGH Street, Waterloo, Ontario

$938,000

5 Beds
3 Baths
2,214 Square Feet

Prime Investment Opportunity – 5-Bedroom Licensed Rental with Future Development Potential! This rare 5-bedroom, 3-full-bath single detached home is a turnkey investment featuring a single deep garage with 4 parking spaces in the driveway. Holding a Class D - Class 2 rental license and located just minutes from two major universities, this property is ready for immediate rental income. Recent upgrades include 2019 air conditioners and a hot water heater, as well as bathroom sink updates from 2019-2020. The home also offers a main floor office for remote work and boasts new flooring in the third-floor bedrooms, while an insulated garage door adds to its energy efficiency. Incorporated with the city’s “Missing Middle” housing initiative, this property is currently undergoing a zoning change that will allow for multi-unit development, unlocking exciting opportunities for expansion or redevelopment. Don’t miss this unique chance to secure a high-demand rental in a prime location with significant future value potential! For more details on the zoning changes, visit: Waterloo HAF Initiative. (id:23309)

Listing ID: 40708528
Property Type: Single Family

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Rooms

Level	Type	Dimensions
Kitchen	Second level	16'7'' x 9'4''
Dining room	Second level	17'2'' x 11'1''
Living room	Second level	17'10'' x 17'0''
4pc Bathroom	Third level	Measurements not available
Bedroom	Third level	12'6'' x 12'7''
Bedroom	Third level	8'11'' x 13'0''
Bedroom	Third level	11'2'' x 13'0''
3pc Bathroom	Basement	Measurements not available
Bedroom	Basement	10'7'' x 15'6''
Bedroom	Basement	12'7'' x 10'0''
Office	Main level	7'9'' x 6'6''
3pc Bathroom	Main level	Measurements not available

Details

Amenities Nearby: Hospital, Place of Worship, Public Transit, Schools, Shopping
Community Features: High Traffic Area
Equipment: None
Features: Paved driveway
Ownership: Freehold
Parking Spaces: 5
Rental Equipment: None
Transaction: For sale
Zoning Description: SR2

Building

Appliances: Central Vacuum, Dryer, Refrigerator, Stove, Washer
BasementType: Full (Finished)
Basement Development: Finished
Bedrooms Main Level: 3
Bedrooms Lower Level: 2
Constructed Material: Concrete block, Concrete Walls, Wood frame
Construction Style Attachment: Detached
Cooling: Central air conditioning
Exterior Finish: Brick, Concrete, Wood
Fireplace Present: False
Foundation: Poured Concrete
Bathrooms (Total): 3
Heating: Forced air
Heating Fuel: Electric, Natural gas
Size Interior: 2214 sqft
Type: House
Utility Water: Municipal water

Land

Access Type: Road access
Amenities: Hospital, Place of Worship, Public Transit, Schools, Shopping
Sewer: Municipal sewage system
Size Frontage: 51 ft

Listing provided by ROYAL LEPAGE WOLLE REALTY
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 54 HIGH Street in Waterloo Ontario. It was last modified on March 20th, 2025. Contact the Team Vadala to schedule a viewing or to discover other Waterloo properties for sale.

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