Turn-Key Legal Duplex !!, Investor’s dream in the heart of Waterloo! This fully renovated 7-bedroom, 2-bathroom legal duplex sits on a massive 53.67 ft x 153.87 ft lot, just steps from University of Waterloo, Wilfrid Laurier University, and Conestoga College.
Thousands have been recently spent on top-to-bottom renovations including two kitchens, upgraded bathrooms, flooring, lighting, and more. Each unit is thoughtfully designed, making it move-in ready and ideal for rentals or multi-generational living.
With the rental potential of more than $5,500/month , this is a turn-key investment with strong cash flow from day one.
Builders and developers—take a note! The oversized lot holds massive potential for future development. The neighboring property at 5 Cardill Crescent has already been successfully converted into a multiplex, demonstrating what's possible here.
Whether you're looking to invest, house-hack, or redevelop, this property offers the perfect blend of location, income, and long-term potential. An outstanding opportunity to build multi-generational wealth in one of Waterloo’s most desirable rental corridors.
Listed by HOMELIFE MIRACLE REALTY LTD and Homelife Miracle Brokerage Ltd.
Data was last updated April 2, 2026 at 09:50 PM (UTC)
Area Statistics
Listings on market:
44
Avg list price:
$664,950
Min list price:
$324,900
Max list price:
$819,000
Avg days on market:
90
Min days on market:
1
Max days on market:
224
Avg price per sq.ft.:
$520.68
These statistics are generated based on the current listing's property type
and located in
421 - Lakeshore/Parkdale. Average values are
derived using median calculations. This data is not produced by
the MLS® system.