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119 REGINA Street N, Waterloo, Ontario, N2J 3B1

MLS® # 40835812
Investment For Sale In Central, Waterloo, Ontario
$1,259,900
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
119 Regina Street N, Waterloo, ON
  • Advertising
119 REGINA Street N, Waterloo, Ontario, N2J 3B1
$1,259,900

Property Information:

Presenting this pristine Tri-Plex in the middle of Uptown Waterloo and steps from the University District. 119 Regina Street North, has been impeccably maintained under the same ownership since 1995. Always fully tenanted, this building is comprised of two, 4-bedroom units on the main and second floor with nearly 1,200 sq ft of living space. Each unit with a large eat in kitchen, living area, balcony and 4 bedrooms individually leased between $700 and $720 per room. The third unit, on the lower level features the same layout but with three bedrooms (windows above grade) renting for $700 per room and includes a walkout living room to a sunken patio. The mechanical room hosts a Lechinvar high-efficiency Boiler (4 years old), a large stainless steel hot water heater, and a spacious laundry room with coin operated services. Electrical panels have been upgraded throughout the building (11 years ago, ESA 2022). This building produces just shy of 100k gross income yearly and with the operating CAP rate over 5% (Investment ProForma Available). Furthermore, the flexible RMU-30 zoning suggests there could be further densification for this property, either through an addition, an additional dwelling unit, or redevelopment. The irregular lot measures at .19 acres and currently allows for a large backyard for tenant enjoyment and also accommodates a parking lot with 7 spaces rented at $65 per space. This property provides excellent income, a fantastic location and long-term upside potential. Yearly Fire Inspections (2026) - Fully tenanted with leases in place until September 2029. (id:27)

Building Features:

  • Style: Triplex
  • Building Type: Triplex
  • Basement Development: Finished
  • Basement Type: Full
  • Exterior Finish: Brick
  • Floor Space: 3573 sqft
  • Heating Type: Radiant heat
  • Cooling Type: None
  • Appliances: Window Coverings

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Amenities Nearby: Park, Public Transit, Shopping
  • Features: Paved driveway, Laundry- Coin operated
  • Floor Space (approx): 3573 Square Feet
  • Lot Frontage: 136 Feet
  • Zoning: RMU-30
  • Sewer: Municipal sewage system
  • Parking Type: Open
  • No. of Parking Spaces: 7

Courtesy of: BENJAMINS REALTY INC.

REALTOR.ca  

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Location of 119 REGINA Street N, Waterloo, Ontario, N2J 3B1

Demographic Information of 119 REGINA Street N, Waterloo, Ontario, N2J 3B1

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$77,039.45

Average Number of Children

1.50

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

4.34 %

High school certificate or equivalent

38.3 %

Apprenticeship trade certificate/diploma

1.14 %

College/non-university certificate

11.7 %

University certificate (below bachelor)

1.81 %

University Degree

42.72 %

Commuter

Travel To Work

By Car

51.87 %

By Public Transit

25.43 %

By Walking

16.35 %

By Bicycle

2.46 %

By Other Methods

3.89 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

78.83 %

Houses

21.17 %

Own Vs. Rent

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