109 Moore Avenue Waterloo, Ontario N2J 1X3

$599,000

An exceptional opportunity to own a triplex in a highly sought-after location steps from uptown Waterloo. This property offers strong, reliable income with two established tenants already in place—while providing flexibility for both investors and end-users. The upper unit generates $1,650/month and the basement unit brings in $1,450/month, with tenants paying all utilities—keeping operating costs low and returns high. The main floor unit is rented at $2,100/month, but be vacant on possession, creating a rare opportunity for a buyer to move in and effectively live for free, supported by over $3,100/month in rental income from the other two units. For investors, the option to lease all three units unlocks excellent cash flow with a cap rate above 8%, making this a standout addition to any portfolio. The property also features a durable steel roof and parking for four vehicles—adding long-term value and tenant convenience. Whether you're looking to house hack, expand your portfolio, or secure a high-performing asset in a prime area, this triplex checks all the boxes! (id:19593)

Property Details

MLS® Number	40823050
Property Type	Multi-family
Amenities Near By	Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Community Features	School Bus
Features	Paved Driveway
Parking Space Total	4

Building

Bathroom Total	3
Bedrooms Total	4
Appliances	Water Softener
Basement Development	Finished
Basement Type	Full (finished)
Constructed Date	1928
Cooling Type	None
Exterior Finish	Brick
Foundation Type	Block
Heating Fuel	Natural Gas
Heating Type	Radiant Heat
Stories Total	2
Size Interior	1,330 Ft2
Type	Triplex
Utility Water	Municipal Water

Parking

Detached Garage

Land

Access Type	Road Access
Acreage	No
Land Amenities	Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Sewer	Municipal Sewage System
Size Depth	58 Ft
Size Frontage	49 Ft
Size Total Text	Under 1/2 Acre
Zoning Description	Gr2

https://www.realtor.ca/real-estate/29670773/109-moore-avenue-waterloo