510 Oakridge Place Waterloo, Ontario N2L 4P2

$890,000

Welcome to this exceptional bungalow featuring two legal units, offering a fantastic opportunity for homeowners, investors, or multi-generational families. Located in the desirable Old Lakeshore neighbourhood, this well-maintained property combines comfortable living, excellent rental potential, and an impressive 8’ x 20’ Swim Spa. The home has been thoughtfully updated over the years, including a newer electrical panel and plumbing, a 2020 furnace and A/C, a 2020 on-demand water heater, a 2019 asphalt driveway, an updated, newly legal 1-bed basement unit, a garage door, eavestroughs and fascia, plus an updated steel roof. The front porch and fully fenced backyard were newly completed this year. The bright primary bedroom features sliding-door access to a new deck surrounding the Swim Spa, creating a private and relaxing outdoor oasis. The fenced yard, complemented by privacy curtains and mature trees, offers excellent potential to create your own backyard retreat. A large storage shed provides additional convenience. Inside, the spacious updated kitchen is ideal for anyone who loves to cook, featuring stainless steel appliances, a gas stove, oversized refrigerator, deep sink, and an extra-large peninsula countertop. The updated main-floor bathroom includes convenient laundry and a walk-in shower. The living room is filled with natural light through a large picture window overlooking the peaceful cul-de-sac. Downstairs, the legal 1 beds basement provides a gas fireplace, modern kitchen, additional bedroom, and full bathroom. It is ideal for independent living and also offers excellent potential as a stable rental unit, providing an additional source of rental income for the property. Enjoy a fantastic location close to Laurelwood Conservation Area, the University of Waterloo, and the LRT, while being within walking distance of schools, public transit, and shopping. (id:19593)

Property Details

MLS® Number	40855405
Property Type	Multi-family
Amenities Near By	Schools, Shopping
Community Features	Quiet Area, Community Centre, School Bus
Features	Sump Pump
Parking Space Total	3

Building

Bathroom Total	2
Bedrooms Total	3
Appliances	Water Softener, Garage Door Opener
Basement Development	Finished
Basement Type	Full (finished)
Constructed Date	1974
Cooling Type	Central Air Conditioning
Exterior Finish	Vinyl Siding
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	1
Size Interior	1,766 Sqft
Type	Duplex
Utility Water	Municipal Water

Parking

Attached Garage

Land

Acreage	No
Land Amenities	Schools, Shopping
Sewer	Municipal Sewage System
Size Depth	158 Ft
Size Frontage	40 Ft
Size Total Text	Under 1/2 Acre
Zoning Description	Sr1-10

https://www.realtor.ca/real-estate/30148095/510-oakridge-place-waterloo