119 Regina Street N, Waterloo, ON, N2J 3B1

Property Details: - Type: Multi-3 Unit - Bedrooms: 11 - Bathrooms: 3 - MLS#: 40835812 Listed By: BENJAMINS REALTY INC.

Presenting this pristine Tri-Plex in the middle of Uptown Waterloo and steps from the University District. 119 Regina Street North, has been impeccably maintained under the same ownership since 1995. Always fully tenanted, this building is comprised of two, 4-bedroom units on the main and second floor with nearly 1,200 sq ft of living space. Each unit with a large eat in kitchen, living area, balcony and 4 bedrooms individually leased between $700 and $720 per room. The third unit, on the lower level features the same layout but with three bedrooms (windows above grade) renting for $700 per room and includes a walkout living room to a sunken patio. The mechanical room hosts a Lechinvar high-efficiency Boiler (4 years old), a large stainless steel hot water heater, and a spacious laundry room with coin operated services. Electrical panels have been upgraded throughout the building (11 years ago, ESA 2022). This building produces just shy of 100k net income yearly and with the operating CAP rate over 9% (Investment ProForma Available). Furthermore, the flexible RMU-30 zoning suggests there could be further densification for this property, either through an addition, an additional dwelling unit, or redevelopment. The irregular lot measures at .19 acres and currently allows for a large backyard for tenant enjoyment and also accommodates a parking lot with 7 spaces rented at $65 per space. This property provides excellent income, a fantastic location and long-term upside potential. Yearly Fire Inspections (2026) - Fully tenanted with leases in place until September 2029. This multi-3 unit home located at 119 Regina Street N, Waterloo is currently for sale and has been available on Zolo.ca for 3 days. This property is listed at $1,259,900 with an estimated mortgage of $4,637* per month. It has 11 beds, 3 bathrooms, and is 3,573 square feet. 119 Regina Street N, Waterloo is in the Uptown Waterloo/Westmount neighborhood Waterloo.