603 Mount Anne Drive Waterloo, Ontario N2L 4W6
$849,999
Prime Investment Opportunity in Waterloo's Student Core – Fully Licensed Duplex Welcome to this exceptional, fully licensed legal non-conforming duplex located in the heart of the Lakeshore neighbourhood—one of Waterloo's most desirable and high-demand student rental areas. Generating an impressive gross rental income, this turn-key property offers an unbeatable opportunity for investors or parents of students seeking both cash flow and peace of mind. The upper unit features 4 spacious bedrooms, 1 full bathroom, and a recently updated kitchen. The lower unit includes 3 bedrooms, 1 bathroom, and another modernized kitchen. Both units have been well maintained with recent updates, offering a low-maintenance investment with strong rental appeal. Key updates include a new roof in 2023, and both units are licensed with the City of Waterloo—ensuring full compliance with local rental bylaws. Ideally situated just minutes from the University of Waterloo and Wilfrid Laurier University, as well as shopping, restaurants, and public transit, this property boasts consistent tenancy and long-term rental stability. Property Highlights: •Legal non-conforming duplex with City of Waterloo rental licenses •Total of 7 total bedrooms, 2 kitchens, 2 bathrooms •Updated kitchens & finishes •Roof replaced in 2023 •Separate entrance for each unit •Ample parking •Excellent walkability to universities and amenities Whether you’re a hands-off investor looking for stable returns or a parent seeking student housing with income potential, this property checks all the boxes. Don't miss this rare opportunity in one of Ontario’s strongest rental markets. (id:59646)
Open House
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Property Details
| MLS® Number | 40734263 |
| Property Type | Multi-family |
| Neigbourhood | Lakeshore Village |
| Amenities Near By | Place Of Worship, Public Transit |
| Community Features | Quiet Area |
| Parking Space Total | 6 |
| Structure | Shed |
Building
| Bathroom Total | 2 |
| Bedrooms Total | 7 |
| Appliances | Microwave, Water Softener |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1969 |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Block |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 2147 Sqft |
| Type | Duplex |
| Utility Water | Municipal Water |
Land
| Access Type | Highway Access |
| Acreage | No |
| Fence Type | Fence |
| Land Amenities | Place Of Worship, Public Transit |
| Sewer | Municipal Sewage System |
| Size Depth | 161 Ft |
| Size Frontage | 70 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R1 |
https://www.realtor.ca/real-estate/28383268/603-mount-anne-drive-waterloo
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May 29 2025 01:58:46
Kitchener-Waterloo Association of REALTORS®
Royal LePage Wolle Realty
