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$1,259,900
Ontario,Waterloo
For Sale Active
119 N REGINA Street N, Waterloo, Ontario N2J3B1
  • 11
  • 3
  • 3,573 Sqft
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Basic Details
Description

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 gross income yearly and with the operating CAP rate over 5% (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. (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 40835812
  • Price: $1,259,900
  • Bedrooms: 11
  • Bathrooms: 3
  • Square Footage: 3,573 Sqft
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 76844
Features & Appliances
Features
  • Heating System: Radiant heat
  • Cooling System: None
  • Basement: Finished, Full
  • Parking: Open
  • Exterior Features: Brick
  • Sewer: Municipal sewage system
Address Map
  • Location: CA, Ontario, Waterloo, 415 - Uptown Waterloo/Westmount, N2J3B1
  • Street: REGINA
  • Street Number: 119
  • Street Suffix: Street
  • Longitude: W81° 28' 39.1''
  • Latitude: N43° 28' 19.9''
  • Street Dir Suffix: North
Additional Information
  • Water Source:
  • Lot Features:
  • Number Of Units Total: 3
  • Stories: 2.0
Financial
  • Tax Annual Amount: 12029
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Listing updated: 2026-06-18 08:56:06
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Listing Information
  • List Agent Key: 1967385
  • List Office Key: 76844
  • Modification Timestamp: 2026-06-10T20:20:04Z
  • Originating System Name: Cornerstone Association of REALTORS®
  • Status Change Timestamp: 2026-06-10T20:10:29Z
Powered by REALTOR.ca
Listing updated: 2026-06-18 08:56:07
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