For Sale: 119 Regina Street N, Waterloo, ON - REW
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$1,259,900
11 bd 3 ba 2382 sf Multifamily

119 Regina Street NWaterloo, ON, N2J 3B1

  • 11 Bed
  • 3 Bath
  • 2382 Sqft
  • Multifamily

About this home

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 net income yearly and can produce a CAP rate well 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.
Listed by: JOHN BENJAMINS, BENJAMINS REALTY INC.

Home facts and features

Price details
List Price
Gross Taxes for 2026
$12,029
Home facts
Bedrooms
11
Full Bathrooms
3
Parking Spaces
7
Parking Details
Asphalt
Property Type
Multifamily
Lot Size
136 ft x 0 ft (0 ft²)
Depth
0.0
Frontage
136.1
Heating Type
Radiant
Basement Details
Walk-Out Access,Full,Finished
Features
Balcony, Carbon Monoxide Detector, Coin Operated, Landscaped, Private Entrance, Separate Heating Controls, Smoke Detector
Appliances
Window Coverings
Agent details
Primary Agent
Primary Broker
BENJAMINS REALTY INC.
Listing details
Days on REW
5 Days
MLS® Number
40835812
Source
Information Technology Systems Ontario
Board
Cornerstone Association of REALTORS®
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Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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Property Insights

MacGregor Public School
  • Public
  • 6 - 8
Waterloo Collegiate Institute
  • Public
  • 9 - 12
É Élém L'Harmonie
  • Public
  • JK - 8
Elizabeth Ziegler Public School
  • Public
  • JK - 6
St David Catholic Secondary School
  • Catholic
  • 9 - 12
ÉÉC Mère-Élisabeth-Bruyère
  • Catholic
  • JK - 6
Our Lady of Lourdes Catholic Elementary School
  • Catholic
  • JK - 8
Lincoln Heights Public School
  • Public
  • JK - 8
St Agnes Catholic Elementary School
  • Catholic
  • JK - 8
Winston Churchill Public School
  • Public
  • JK - 6
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
Listing data is subject to copyright, disclaimer, and additional requirements from the data provider. See our Terms of Use for terms applicable to this listing. Listing data was last updated on 2026-06-07.