40 Menno St

Waterloo | | N2L 2A7
  • 6 + 2
  • 3
  • 0

$1,325,000

Est. Mtg $4,492 /mo
  • Days on market

    155

  • Status

    New

Listing Broker ENGEL & VOLKERS WATERLOO REGION
Since listed: 0 views

Home details

MLS #:

X11962139

Property type:
Triplex
Style:
2 1/2 Storey
Taxes:
$6,553
Possession:
Flexible
Lot Front:
41.0   Feet
Lot Depth:
127.0   Feet
Basement:
Finished | Full
Driveway Pkg:
5
Heat:
Gas | Forced Air

Description


40 Menno St, , Waterloo, Ontario is a Triplex property in Waterloo and in the community in the N2L 2A7 postal code


Rare Investment Opportunity in Prime Uptown Waterloo! Discover this exceptional legal triplex ( two 2 bedroom units and one 4 bedroom unit ), perfectly situated in the heart of Uptown Waterloo, 4 minutes walk to restaurants, shops, Waterloo Town Square, LRT, Waterloo Park and all the conveniences of city living. With a rare Lane-way (Wells Lane) access at the back with additional 3 parking and a shed, this property offers both functionality and investment appeal . Property Highlights: Turnkey and fully updated with numerous recent upgrades, ensuring a hassle-free investment. The main unit is brand new and vacant, making it ideal for an owner-occupier or a high-quality tenant at market rent. The upper unit and lower unit are both leased to great tenants at market rates, providing immediate and stable rental income. Located in one of Waterloos most desirable neighbourhoods, this property is within walking distance of trendy cafes, restaurants, boutique shops, parks, and public transit, offering unbeatable convenience. Why Invest Here? 1-Strong rental demand in a sought-after location. 2-Ideal for investors looking for a solid income property with minimal maintenance. 3-Perfect for house hacking - live in one unit while tenants help cover your mortgage. 4 - Highest land value in Waterloo Region With its prime location, modern upgrades, and strong rental potential, this rare find wont last long. Don't miss this incredible opportunity to own a highly desirable triplex in Uptown Waterloo!.

Extras

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History

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List Date End Date List Price End Price Status MLS #
2025-02 2025-02 $1,325,000 $1,325,000 New X11962139

Comparables

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sold Date Address List Price sold Price DOM
2024-12 114 Erb St W, $899,000 $850,000 83
2022-09 293 Blucher Blvd, $1,550,000 $1,340,000 36
2022-02 16 Highland Ave, $748,800 $815,000 9
2021-08 15 Campbell St E, $799,000 $670,000 86
2021-02 203 Elmwood Ave E, $999,900 $1,102,200 11

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

Waterloo :

Average sale price
Properties sold
New Listings
Days on Market
Sale $ / List $
Year on Year Growth


Estimated running costs for 40 Menno St

Based on available 3rd party data

$5173

Approximate costs per month

Mortgage
$4492 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$546 p/m
Maintenance
$0 p/m

Amenities:

Features:

  • Hospital
  • Library
  • Park
  • Public Transit
  • Rec Centre
  • School
Listing Broker ENGEL & VOLKERS WATERLOO REGION
Data Source: TRREB

Payment calculator

$5038 monthly. In association with: TD Bank
%
  • Principal and Interest
    4492 /mo
  • Property Taxes
    $546 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Darshan Kakar, Realtor

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