38 High Street, Waterloo, ON For Sale

$734,900
MLS#:X12744938
6 beds
2 baths
700-1100 sqft
4.0 parking
Residential Freehold

Description

Welcome To This Rare And Fully Compliant Investment Opportunity In The Heart Of Waterloo's Prime Student Corridor! This Well-Maintained 3+3 Bedroom Detached Bungalow Is Perfectly Positioned For Investors Seeking Strong, Consistent Rental Income In A High-Demand Location. The Main Floor Unit Offers Spacious Kitchen And Living Area, Three Generously Sized Bedrooms, and A Full Bathroom. The Legal Basement Unit Features Three Bedrooms, A Spacious Eat-In Kitchen, A Full Bathroom Providing Excellent Tenant Appeal And Privacy. This Property Boasts Two City Of Waterloo-Issued A3 Rental Licenses (3 Bedroom + 3 Bedroom) Making It A Fully Compliant And Turn-Key Student Rental Operation. Adding To Its Long-Term Value, The Property Is Located Within The Proposed Sugarbush South Initiative Under The City Of Waterloo's Housing Accelerator Fund, A Planning Framework Designed To Support And Fast-Track Higher-Density And "Missing Middle" Housing Opportunities. Situated Just Minutes From University Of Waterloo, Wilfrid Laurier University, Conestoga College, Public Transit, Shopping, Dining, And Everyday Amenities. Great For Investors or Parents Looking To House Their Kids While Attending Post Secondary School! A Rare Opportunity To Secure A Cash-Flowing Asset With Strong Upside Potential In One Of Waterloo's Most Desirable And Resilient Investment Locations.

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Key Features

Bedrooms
6
Bathrooms
2
Kitchens
2
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateApril 22, 2026
Sold price information is available to members only
Listed Date1/30/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
ConstructionBrick Veneer
Lot Size50 × 130 Feet
CountyWaterloo
Annual Tax$6,131.21
Legal DescriptionPT LT 25-26 PL 1037 CITY OF WATERLOO AS IN 1075605; WATERLOO

Parking & Garage

Parking Spaces4.0
Garage Spaces3
Garage TypeCarport

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["Central Air"]

Features

Property Features

["Clear View", "Fenced Yard", "Library", "Park", "Public Transit", "School"]

Community Features

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Property History

No historical data available for this property.

This could be the first listing for this address.

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