172 Elgin Crescent Waterloo, Ontario N2J 2S6
$799,900
Licensed Dwelling with Walkout Basement in Prime Waterloo Location – A Turnkey Investment Opportunity! 3 bedrooms up and 2 in the lower unit Outstanding opportunity to own a licensed 2-unit brick bungalow with a loft and walkout basement, ideally located just steps to Uptown Waterloo, WLU, University of Waterloo, Conestoga College, shopping, and the LRT. This versatile property is perfect for investors, multigenerational living, or parents seeking housing for university students. The main level features a bright, functional layout with two bedrooms plus a loft bedroom, an eat-in kitchen with updated counter and faucet (2022), living room, and a 3-piece bathroom. An enclosed front porch and side entry offer practical access and added charm. The fully finished lower level—renovated in 2017—includes large windows, a separate entrance, a generous family room with walkout to a covered patio, two bedroom, a 4-piece bathroom, and a stylish second kitchen. The basement also houses a large utility room and laundry (2020 full-size stackables), cold cellar, and plenty of storage. This home has been thoughtfully maintained and upgraded, including: 50-year steel roof, New furnace (2022) New main floor fridge (2024) Vinyl plank flooring (2019) Updated basement windows (2018/2019) New water softener (2019) Eavestroughs and garage door (2020) Custom window blinds in basement (2022) The deep, fully fenced backyard features a 9' x 12' shed, ideal for extra storage or future creative use. Hardwood floors in the main floor bedrooms , Vinyl plank in the living room and hallway . With a valid Waterloo rental license, this property is move-in or rent-out ready, offering excellent income potential in a sought-after location. Whether you're an investor looking for solid returns, or a buyer seeking flexible living with mortgage-helper potential, this one checks all the boxes. (id:43503)
Property Details
| MLS® Number | 40719982 |
| Property Type | Single Family |
| Amenities Near By | Public Transit, Schools |
| Community Features | School Bus |
| Equipment Type | None |
| Features | Paved Driveway |
| Parking Space Total | 5 |
| Rental Equipment Type | None |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 5 |
| Appliances | Dryer, Refrigerator, Stove, Water Softener, Washer, Microwave Built-in |
| Architectural Style | Bungalow |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1961 |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick Veneer |
| Fire Protection | Smoke Detectors |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 2,266 Ft2 |
| Type | House |
| Utility Water | Municipal Water |
Parking
| Attached Garage |
Land
| Acreage | No |
| Land Amenities | Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 137 Ft |
| Size Frontage | 44 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Gr1 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom | 11'2'' x 10'4'' | ||
| Basement | Bedroom | 10'4'' x 10'1'' | ||
| Basement | Kitchen | 19'8'' x 10'7'' | ||
| Basement | Laundry Room | 2'7'' x 2'8'' | ||
| Basement | 4pc Bathroom | Measurements not available | ||
| Basement | Bedroom | 12'2'' x 10'2'' | ||
| Basement | Living Room | 21'1'' x 11'10'' | ||
| Main Level | 3pc Bathroom | Measurements not available | ||
| Main Level | Bedroom | 10'9'' x 9'6'' | ||
| Main Level | Primary Bedroom | 12'0'' x 10'11'' | ||
| Main Level | Dining Room | 10'5'' x 8'7'' | ||
| Main Level | Kitchen | 12'7'' x 9'5'' | ||
| Main Level | Living Room | 20'5'' x 11'9'' |
https://www.realtor.ca/real-estate/28577147/172-elgin-crescent-waterloo
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July 08 2025 09:29:57
Waterloo Region Association of REALTORS®
RE/MAX Solid Gold Realty (Ii) Ltd.