Salehian.com 647-325-5000

19 James Street

Waterloo, N2J 2S8

$1,249,900

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  • 11 bedrooms
  • 4 bathrooms
  • 6 parking
  • 2500-3000 sq ft

Listed yesterday · MLS® X14092196

About this home

$91,000+ Gross Annual Income Available Here! Rare University District Triplex with Strong Income and Future Upside! Opportunities like this are increasingly difficult to find in Waterloo's highly sought-after rental market. Located on a cul-de-sac that is about a one minute walk to Wilfrid Laurier University's Science Building and a quick e-scooter ride to University of Waterloo, this Money Maker is also in close proximity to all amenities that make Waterloo great (Uptown Waterloo with its boutiques and bars). This City approved, rental licensed building offers investors an exceptional combination of location, income, and long-term potential. The property features three self-contained units with a desirable mix of two 3-bedroom units and one 5-bedroom unit, for a total of 11 bedrooms. Combining the charm and character of a century home with a purpose built addition, this property features spacious layouts, generous bedroom sizes, in-suite laundry, and ample on-site parking for up to six vehicles - note both the independent driveway as well as surface parking. With strong Day One cash flow, future turnover may offer investors opportunities to further optimize rents and improve returns. Separate hydro and gas meters create additional expense-management possibilities. At the property, look up and note the institutional-quality developments across the street and at the corner. The property's RMU-30 zoning while being surrounded by undeveloped homes may also merit future consideration for redevelopment or intensification. I have owned property on this street - and you should too. Whether you're an experienced investor looking to expand your portfolio, a first-time multi-residential buyer seeking a foothold in Waterloo's resilient rental market, or a parent investor planning ahead for university housing needs (send your kid to school and make money), 19 James Street presents a compelling opportunity in one of the City's most desirable locations.

Details

Type
Triplex
Style
Other
Age
31-50 years
Size
2500-3000 sq ft
Lot
60 × 108 ft
Basement
Partially Finished
Garage
None
Kitchens
3
Property tax
$6,674 (2026)
Municipality
Waterloo

Interior

Bedrooms
11 above ground
Bathrooms
1 × 4-piece (main), 1 × 4-piece (second), 1 × 4-piece (second), 1 × 3-piece (basement)
Rooms
19 above ground + 3 below
Family room or den
No
Fireplace
No
Features
Separate Hydro Meter, Separate Heating Controls

Heating, cooling and services

Heating
Forced Air, Gas
Water and sewer
Sewer

Building and exterior

Exterior
Brick, Vinyl Siding
Roof
Asphalt Shingle
Foundation
Concrete, Stone
Age
31-50 years
Faces
South

Parking

Total parking
6
Driveway and parking
Private Double

Lot

Size
60 × 108 ft (rectangular)
Acreage
< .50

More

Possession
Flexible
Cross street
James Street and King Street

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 LRT14 min walk
  • 🚇 Laurier - Waterloo Park LRT16 min walk

Within a 10-minute walk: 5 grocery stores, 83 cafés and restaurants, 10 parks, 6 pharmacies. Nearest grocery: Walmart Supercentre (600 m). Nearest park: Brighton Park (350 m).

Schools nearby

Elementary

  • École élémentaire L'Harmonie French
    EQAO: Gr 6 reading 90%, math 79%    17 min walk
  • Elizabeth Ziegler Public School
    EQAO: Gr 6 reading 93%, math 47%    19 min walk
  • École élémentaire catholique Mère-Élisabeth-Bruyère French
    EQAO: Gr 6 reading 95%, math 68%    1.6 km
  • Lincoln Heights Public School
    EQAO: Gr 6 reading 75%, math 47%    1.6 km

Secondary

  • MacGregor Public School4 min walk
  • Waterloo Collegiate Institute
    EQAO: Gr 9 math 57%, literacy test 85%    15 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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