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About the Listing WR50869 - KWKW5695
Live Upstairs, Rent Out the Lower Level – Licensed Dwelling with Walkout Basement in Prime Waterloo Location Upper level vacant – turnkey investment opportunity or ideal mortgage helper! This outstanding LICENSED 2-unit brick bungalow with loft and walkout basement is just steps to Uptown Waterloo, WLU, University of Waterloo, Conestoga College, shopping, and the LRT. Perfect for investors, multi-generational families, or parents seeking student housing. The main level offers a bright, functional layout with two bedrooms plus a loft bedroom, an eat-in kitchen with updated counters and faucet (2022), living room, and a 3-piece bath. Hardwood floors in the bedrooms, fresh paint, vinyl plank flooring in the living room and hallway, and a charming enclosed front porch add warmth and character. The fully finished walkout lower level, renovated in 2017, features large windows, a private entrance, a spacious family room with direct access to a covered patio, two bedrooms, a 4-piece bathroom, and a stylish second kitchen. The lower unit also includes a large utility room, laundry with full-size stackable washer/dryer (2020), cold cellar, and plenty of storage. Upgrades & Features: 50-year steel roof, furnace (2022)main floor fridge (2024),Vinyl plank flooring (2019), basement windows (2018/2019), water softener (2019)Eavestroughs & garage door (2020)Custom window blinds in basement (2022) The deep, fully fenced backyard includes a 9’ x 12’ shed—perfect for extra storage or creative future use. With a valid Waterloo rental license, this home is move-in or rent-out ready, offering excellent income potential in one of the region’s most sought-after locations.This one checks all the boxes—don’t miss your chance to own a versatile, income-generating property in Uptown Waterloo. The extra income covers a $335,000 mortgage Great opportunity for home ownership .
Listing Highlights for 172 Elgin Crescent
Interior Details
- Bedrooms: 5
- Bathrooms: 2 Full
- Appliances: Water Softener, Built-in Microwave, Dryer, Refrigerator, Stove, Washer
- Air Cond: Central Air
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1254
- Below Ground Sq Ft: 1012
- Basement: Separate Entrance,Walk-Out Access,Full,Finished
- Other: Accessory Apartment,2 Kitchens
- Water: Municipal
Exterior Details
- Lot Description: x 42.0 x 125.03,Urban,Rectangular,Public Transit,School Bus Route,Schools
- Garage Capacity: 1 car
- Parking Spaces: 5
- Lot Dimensions: 43.92 x 136.95
- Zoning: GR1
- Roof: Metal
- Others:
- Sewer: Sewer (Municipal)
- Parking Features: Private Drive Double Wide,Attached Garage,Asphalt
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 223700122
- Tax Year: N/A
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Listing Location
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172 Elgin Crescent Waterloo, ON N2J 2S6
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