For Sale: 139 Elgin Crescent, Waterloo, ON - REW
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$999,900
0 bd • 0 ba • 1017 sf • Duplex
139 Elgin Crescent
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$999,900
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139 Elgin CrescentWaterloo, ON, N2J 2S5

  • 0 Bed
  • 0 Bath
  • 1017 Sqft
  • Duplex

About this home

Investor 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.
Listed by: Mike Milovick, Royal LePage Wolle Realty

Home facts and features

Price details
List Price
$999,900
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Gross Taxes for 2026
$6,746
Home facts
Bedrooms
0
Full Bathrooms
0
Parking Spaces
4
Parking Details
Garage Door Opener, Attached Garage
Property Type
Duplex
Lot Size
50 ft x 127 ft (6366 ft²)
Depth
127.32
Frontage
50.0
Year Built
Built in 1958 (68 yrs old)
Heating Type
Forced Air,Natural Gas
Cooling
Central Air
Basement Details
Separate Entrance,Full,Finished
Features
Accessory Apartment, Carbon Monoxide Detector, Carbon Monoxide Detector(s), Common Area, Smoke Detector, Year Round Living
Appliances
1 Dryer, 1 Washer, 2 Dishwashers, 2 Stoves, 3 Fridges, Hot Water Tank Owned
Agent details
Primary Agent
Primary Broker
Royal LePage Wolle Realty
Secondary Agent
Secondary Broker
Royal LePage Wolle Realty
Listing details
Days on REW
1 Day
MLS® Number
40844518
Source
Information Technology Systems Ontario
Board
Cornerstone Association of REALTORS®
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Property Insights

MacGregor Public School
  • Public
  • 6 - 8
É Élém L'Harmonie
  • Public
  • JK - 8
Waterloo Collegiate Institute
  • Public
  • 9 - 12
Elizabeth Ziegler Public School
  • Public
  • JK - 6
ÉÉC Mère-Élisabeth-Bruyère
  • Catholic
  • JK - 6
Lincoln Heights Public School
  • Public
  • JK - 8
St Agnes Catholic Elementary School
  • Catholic
  • JK - 8
St David Catholic Secondary School
  • Catholic
  • 9 - 12
Bluevale Collegiate Institute
  • Public
  • 9 - 12
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
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Call Agent
Mike Milovick
Phone:
(519) 745-7000
Office:
519-578-7300
Jennifer Shingler
Phone:
(519) 745-7000
Office:
519-747-2040
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