Salehian.com 647-325-5000

139 Elgin Crescent

Waterloo, N2J 2S5

$999,900

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  • 3+3 bedrooms
  • 2 bathrooms
  • 2 parking
  • 700-1100 sq ft

Listed 108 days ago · MLS® X13522576

About this home

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.

Details

Type
Duplex
Style
Bungalow
Age
51-99 years
Size
700-1100 sq ft
Lot
50.08 × 127.32 ft
Basement
Walk-Up, Finished, Separate Entrance
Garage
Attached
Kitchens
2
Property tax
$6,746 (2026)
Municipality
Waterloo

Interior

Bedrooms
3 above ground + 3 below
Bathrooms
1 × 4-piece (main), 1 × 3-piece (lower)
Kitchens
2 (1 below ground)
Rooms
6 above ground + 7 below
Family room or den
No
Fireplace
No
Features
Accessory Apartment, Carpet Free, In-Law Suite, In-Law Capability, Primary Bedroom - Main Floor, Water Heater Owned, Water Softener

Heating, cooling and services

Heating
Forced Air, Gas
Air conditioning
Central Air
Water and sewer
Sewer

Building and exterior

Style
Bungalow
Exterior
Brick Veneer, Shingle
Roof
Asphalt Shingle
Foundation
Concrete
Age
51-99 years
Faces
North

Parking

Garage spaces
1
Total parking
2

Lot

Size
50.08 × 127.32 ft (rectangular)
Acreage
< .50

More

Possession
Flexible
Cross street
Brighton Street

Rooms

RoomLevelSizeFeatures
BathroomMain2.53 × 2.27 m (8'4" × 7'5")4 Pc Bath
BedroomMain2.78 × 3.33 m (9'1" × 10'11")
BedroomMain2.55 × 3.63 m (8'4" × 11'11")
KitchenMain3.83 × 3.39 m (12'7" × 11'1")
Living RoomMain5.07 × 4.95 m (16'8" × 16'3")
Primary BedroomMain3.8 × 3.66 m (12'6" × 12')
BathroomLower1.99 × 2.36 m (6'6" × 7'9")3 Pc Bath
BedroomLower3.33 × 3.33 m (10'11" × 10'11")
BedroomLower3.35 × 3.32 m (11' × 10'11")
BedroomLower3.3 × 3.39 m (10'10" × 11'1")
KitchenLower3.81 × 4.59 m (12'6" × 15'1")
RecreationLower4.66 × 3.33 m (15'3" × 10'11")
Utility RoomLower1.19 × 4.56 m (3'11" × 15')

History of this address

1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Very walkable

  • 🚇 Waterloo Public Square LRT17 min walk
  • 🚇 Willis Way LRT1.3 km

Within a 10-minute walk: 3 grocery stores, 66 cafés and restaurants, 8 parks, 5 pharmacies. Nearest grocery: Sobeys (450 m). Nearest park: Brighton Park (350 m).

Schools nearby

Elementary

  • École élémentaire L'Harmonie French
    EQAO: Gr 6 reading 90%, math 79%    12 min walk
  • Elizabeth Ziegler Public School
    EQAO: Gr 6 reading 93%, math 47%    17 min walk
  • École élémentaire catholique Mère-Élisabeth-Bruyère French
    EQAO: Gr 6 reading 95%, math 68%    1.3 km
  • Lincoln Heights Public School
    EQAO: Gr 6 reading 75%, math 47%    1.3 km

Secondary

  • MacGregor Public School10 min walk
  • Waterloo Collegiate Institute
    EQAO: Gr 9 math 57%, literacy test 85%    17 min walk
  • St. David Catholic Secondary School Catholic
    EQAO: Gr 9 math 67%, literacy test 97%    1.5 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area N2J

Owners / renters
53% / 47%
Median household income
$74,500
Average age
42
Children under 15
12%
Homes
35% detached, 35% high-rise
Commute by transit
7%
Population
20,899

Languages spoken most at home besides English: Mandarin 1.8%, Arabic 1%, German 0.7%, Spanish 0.7%.

Safety

Crime Severity Index for Waterloo Region (Kitchener) police: 67 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown Kitchener: 3 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by ROYAL LEPAGE WOLLE REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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