119 Regina ST N, Waterloo, ON N2J 3B1
119 Regina ST N, Waterloo, ON N2J 3B1
119 Regina ST N, Waterloo, ON N2J 3B1
119 Regina ST N, Waterloo, ON N2J 3B1
119 Regina ST N, Waterloo, ON N2J 3B1
119 Regina ST N, Waterloo, ON N2J 3B1
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Tara Ghadery

Tara Ghadery

+1(416) 844-0918
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Est. payment | /mo

11 Beds

3 Baths

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-
Est. payment | /mo
Save

11 Beds

3 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

MLS Listing ID X13301364

Style 2-Storey

Bedrooms 11

Annual Tax Amount $12,029

Tax Year 2025

Property Sub-Type Multiplex

Property Description

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 net income yearly and with the operating CAP rate over 9% (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.

Location

Province ON

County Waterloo

Area Waterloo

Zoning RMU-30

Rooms

Family Room No

Basement Walk-Out, Full, Finished, Finished with Walk-Out

Kitchen 3

Interior

Interior Features Separate Heating Controls

Cooling None

Inclusions carbon monixide detector, smoke detector, window coverings

Exterior

Parking Features Private

Pool None

Roof Type Asphalt Shingle

Lot Frontage 136.18

Total Parking Spaces 7

Building

Building Age 51-99

Foundation Concrete

Others

Senior Community No

ParcelsYN No

Listed by Benjamins Realty Inc.

Nearby Locations

Tara Ghadery

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 844-0918

tara.ghadery@theagencyre.com

378 Fairlawn Ave, Toronto, ON, M5M 1T8, CAN

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119 Regina ST N

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