19 James Street
Waterloo, Waterloo ON N2J 2S8
$1,249,900
$91,000+ Gross Annual Income Available Here! Rare University District Triplex with Strong Income and Future Upside! Opportunities like this are increasingly difficult to find in Waterloo's highly sought-after rental market. Located on a cul-de-sac that is about a one minute walk to Wilfrid Laurier University’s Science Building and a quick e-scooter ride to University of Waterloo, this Money Maker is also in close proximity to all amenities that make Waterloo great (Uptown Waterloo with its boutiques and bars). This City approved, rental licensed building offers investors an exceptional combination of location, income, and long-term potential. The property features three self-contained units with a desirable mix of two 3-bedroom units and one 5-bedroom unit, for a total of 11 bedrooms.
Combining the charm and character of a century home with a purpose built addition, this property features spacious layouts, generous bedroom sizes, in-suite laundry, and ample on-site parking for up to six vehicles – note both the independent driveway as well as surface parking.
With strong Day One cash flow, future turnover may offer investors opportunities to further optimize rents and improve returns. Separate hydro and gas meters create additional expense-management possibilities. At the property, look up and note the institutional-quality developments across the street and at the corner. The property's RMU-30 zoning while being surrounded by undeveloped homes may also merit future consideration for redevelopment or intensification.
I have owned property on this street – ...
| List Price: | $1,249,900 |
|---|---|
| Property Sub Type: | Multi-3 Unit |
| Bedrooms Total: | 11 |
| Tax Annual Amount: | $6,674 |
| Lot Size Acres: | 0.15 |
| Waterfront?: | No |
| County Or Parish: | Waterloo |
| Appliances: | Dryer, Refrigerator, Stove, Washer |
| Lot Features: | Rectangular, Business Centre, City Lot, Library, Place of Worship, Public Transit, Schools |
| State Or Province: | ON |
| Directions: | King Street North to James Street. Turn East on to James Street. Building is near the end of James Street, to the right. |
| Foundation Details: | Concrete Block, Stone |
| Lot Size Area: | 0.15 |
| Basement: | Full, Partially Finished, Sump Pump |
| Building Area Total: | 2,517 |
| Above Grade Finished Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Open Parking?: | Yes |
| Parcel Number: | 223700034 |
| Sewer: | Sewer (Municipal) |
| Exclusions: | Tenants' Possessions |
| Farm Land Area Units: | Square Feet |
| Frontage Type: | South |
| MLS Area Minor: | 114 - Uptown Waterloo/North Ward |
| Above Grade Finished Area: | 2,517 |
| Direction Faces: | North, East, South, West |
| Hst Applicable To Sale Price: | No |
| Heating Expenses: | 1,564 |
| Leases Yn: | Yes |
| Lot Depth: | 108 |
| Survey Type: | None |
| Lot Size Source: | GeoWarehouse |
| Open Parking Spaces: | 3 |
| Exterior Features: | Year Round Living |
| Number Of Dryers 1: | 1 |
| Number Of Refrigerators 1: | 1 |
| Number Of Stoves 1: | 1 |
| Number Of Washers 1: | 1 |
| Unit Number 1: | 1 |
| Baths Total 1: | 1 |
| Beds Total 1: | 3 |
| Unit Type 1: | 3 Bedroom |
| Units Total 1: | 1 |
| Number Of Dryers 2: | 1 |
| Number Of Refrigerators 2: | 1 |
| Number Of Stoves 2: | 1 |
| Number Of Washers 2: | 1 |
| Baths Total 2: | 1 |
| Beds Total 2: | 3 |
| Unit Type 2: | 3 Bedroom |
| Units Total 2: | 1 |
| Number Of Dryers 3: | 1 |
| Number Of Refrigerators 3: | 2 |
| Number Of Stoves 3: | 1 |
| Number Of Washers 3: | 1 |
| Baths Total 3: | 2 |
| Beds Total 3: | 5 |
| Unit Type 3: | 4 Bedroom Or More |
| Units Total 3: | 1 |
| Number Of Units Total: | 3 |
| Listing ID: | 40867888 |
|---|---|
| Property Type: | Rental Income |
| Status: | Active |
| Bathrooms Full: | 4 |
| Living Area Sqft: | 2,517 |
| Lot Size Square Feet: | 6,534 |
| City: | Waterloo |
| Postal Code: | N2J 2S8 |
| Cooling: | None |
| Heating: | Forced Air, Natural Gas |
| Parking Features: | Asphalt |
| Status: | Active |
| Water Source: | Municipal |
| Roof: | Asphalt Shing |
| Laundry Features: | In-Suite |
| Construction Materials: | Brick |
| Listing Contract Date: | 2026-10-19 |
| Heating?: | Yes |
| Bathrooms Total Integer: | 4 |
| Basement: | true |
| Interior Features: | Separate Hydro Meters |
| Living Area Units: | Square Feet |
| Below Grade Finished Area Units: | Square Feet |
| MLS Area Major: | 1 - Waterloo East |
| Patio And Porch Features: | Deck |
| Road Frontage Type: | Public Road |
| Zoning: | RMU-30 |
| Stories Total: | 2 |
| Electric Expense: | $1,984 |
| Frontage Length: | 60.00 |
| Insurance Expense: | $5,089 |
| Parking Total: | 6 |
| Cross Street: | King Street North and James Street |
| Acres Range: | < 0.5 |
| Current Price: | 1,249,900 |
| Driveway Parking: | Outside/Surface/Open, Private Drive Double Wide |
| Expenses: | Actual |
| Holdover Days: | 10 |
| Licensed Dwelling Yn: | Yes |
| Net Income: | $69,252 |
| Number Of Units Occupied: | 3 |
| Ratio Current Price By Above Gra: | 496.58323 |
| Water Meter Yn: | Yes |
| Inclusions: | Other, 4 Fridges, 3 Stoves, 3 Washers, 3 Dryers |
| Lot Size Dimensions: | 60 x 108 |
| Association Fee 2 Frequency: | Monthly |
| Property Condition: | 100+ Years |
Listing Courtesy of: Royal LePage Wolle Realty
Listing Agent:
Walkscore
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Information Technology Systems Ontario data last updated on October 20, 2026 03:27 AM - ET.
Property Last Updated: October 20, 2026 03:27 AM - ET
