Bathroom (2.27 × 2.53)
4 Pc Bath
Level: Main
139 Elgin Cres
Waterloo, Ontario N2J 2S5
Description
nvestor 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.
01 / Property recordListing detailsFacts, history, rooms and location
Key Facts
- MLS® #
- X13522576
- Board
- TRREB MLS®
- Days on market
- Tax
- $6,746
- Size
- 700-1100 sqft
- Lot
- 50.08 × 127.32 Feet
- Parking
- 1 Attached, 2 Parking
Listing History
Buy/Sell history for 139 Elgin Cres, Waterloo, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| N/A | N/A | $999,900 | N/A | For Sale | X13522576 |
Estimated Market Value
Estimated value requires sign in
AI market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
Property Details
Property
- Property Type
- Duplex
- Style
- Bungalow
- Municipality
- Waterloo
Inside
- Bedrooms
- 3+3
- Bathrooms
- 2
- Bathroom Detail
- 1, 4pc, Main
- Bathroom Detail
- 1, 3pc, Lower
- Basement Type
- Walk-Up
- Kitchens
- 1
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Building
- Size
- 700-1100 sqft
- Construction
- Brick Veneer
Parking
- Garage Type
- Attached
- Garage
- 1
- Add. Parking
- 1
- Total Parking
- 2
Land
- Sewer
- Sewers
- Lot Size
- 50.08 × 127.32 Feet
- Lot Size Code
- Feet
Additional
- Year built
- 51-99
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Fireplace
- N
- Pool
- None
- Den
- N
- Family room
- N
- Extras
- Three fridges, two stoves, 2 dishwashers, 1 washing machine, 1 dryer
Rooms (13)
Br (3.33 × 2.78)
Level: Main
Br (3.63 × 2.55)
Level: Main
Kitchen (3.39 × 3.83)
Level: Main
Living (4.95 × 5.07)
Level: Main
Primary (3.66 × 3.8)
Level: Main
Bathroom (2.36 × 1.99)
3 Pc Bath
Level: Lower
Br (3.33 × 3.33)
Level: Lower
Br (3.32 × 3.35)
Level: Lower
Br (3.39 × 3.3)
Level: Lower
Kitchen (4.59 × 3.81)
Level: Lower
Rec (3.33 × 4.66)
Level: Lower
Utility (4.56 × 1.19)
Level: Lower
Location
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
14 records read 7 on record nearby 7 checked, none on recordRead 2026-10-30
Water and conservation
- No mapped wetland within 120 m
- No water-supply well recorded within 250 m15 test or monitoring holes also recorded.
- Groundwater recorded about 2.1 m below ground nearbyThe middle water level in the well records within 500 m (136 records). It changes with the season and from spot to spot.
- Bedrock about 37.7 m down nearbyThe middle depth to bedrock in the well records within 500 m.
Province of Ontario open data
Planning and building activity
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
- Nearest airport: 9.7 km
Province of Ontario open data
Around the home
- A trail on the Ontario trail network within 1 km
Province of Ontario open data
Environmental records
- No licensed pit or quarry within 2 km
- No recorded oil, gas or salt well within 250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Regional Municipality of Waterloo — Waterloo Wastewater Treatment Plant, 1.8 km away. Only facilities above the inventory’s reporting thresholds are listed.
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.
Province of Ontario open data · Government of Canada open data
Power and internet
- Electricity is distributed here by Enova Power Corp.
- Wired internet 50/10 Mbps or faster is listed at a household 50 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (50 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Netflash Internet Solutions, Rogers, Vianet, Waterloo Wireless, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.
Ontario Energy Board · Innovation, Science and Economic Development Canada
None of this is an inspection of the property. Confirm anything that matters to you with the municipality, the conservation authority or the record’s publisher. Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
Comparable Sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
02 / Plan your numbersToolsMortgage and cash-flow planning
Mortgage Tools
Mortgage calculator
20%
Monthly Payment
$4,584
- Down payment$199,980
- Mortgage amount$799,920
- Total interest$575,280
- Total cost$1,575,180
Cash flow analysis
$4,584
Total monthly payment
$5,146
Break-even down payment
100%
Cash flow-$5,146
03 / Community profileNeighbourhood demographicsPeople, homes and household context
Expand Neighbourhood demographics to load Statistics Canada census charts.
04 / Local performanceMarket detailsNeighbourhood price and activity trends
Expand Market details to load neighbourhood price and activity trends.
$999,900
$999,900
CAD
Estimated market value
Inquire about this listing
Connect directly with Kassaundra Dobson, Broker of Record.
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