An exceptional investment asset with high-yielding revenue streams in the heart of Kitchener’s thriving tech and innovation hub. Strategically positioned on a massive 0.24-acre lot with EMP-1 Employment Zoning, this highly versatile property features a multi-unit residential building plus a rare, substantial concrete block detached garage compound. The primary building consists of four tenanted one-bedroom units plus an additional bonus studio space offering immense value-add potential, all serviced by robust radiant heating. Completely independent from the residential leases, the four garage bays operate as distinct, cash-flowing commercial and storage rental units equipped with their own separate hydro meters, including an active automotive shop with excellent street visibility and signage. Generating cash flow with immediate scaling potential, the property also features a massive asphalt driveway accommodating eleven off-street parking spaces. Located just steps from major transit lines, commuter rail links, tech employers, highway access, and downtown amenities, this recession-proof portfolio addition appeals equally to commercial owner-operators, traditional multi-residential investors, and premium value-add buyers looking to secure a dominant footprint in a premier location.
Property Type:
Residential Income
Property SubType:
Multi-4 Unit
Year built:
1985
(Age: 41)
Listing General Location:
114 - Uptown Waterloo/North Ward, 1 - Waterloo East
Bedrooms:
4
Bathrooms:
5.0
(Full:-/Half:-)
Lot Details:
66.77 x 158.11
Lot Depth:
158'1"48.2 m
Lot Frontage:
66'9¼"20.4 m
Frontage Type:
North
Lot Shape:
66.77 x 158.11 x 66.77 x 158.08
Kitchens:
0
Elementary School:
Suddaby, Margaret Ave, St. Teresa
High School:
Kci, St. David
County Or Parish:
Waterloo
Features:
Attached Garage: No, Crops Included: No, Garage: Yes, New Construction: No
Construction:
Aluminum Siding
Basement:
Full, Unfinished
Roof:
Asphalt Shing
Number of Storeys:
2
Number of Buildings:
0
Total Floor Area:
2,788 sq. ft.259 m2
Finished Area Above Grade:
2,788 sq. ft.259 m2
Fireplace:
false
Laundry Features:
None
Water Supply:
Municipal
Sewer:
Sewer (Municipal)
Cooling:
None
Heating:
Radiator
Smoke Detector,Window Coverings
Refrigerator, Stove
Separate Hydro Meters
Window Coverings
false
No
Victoria St N to Margaret Ave to Breithaupt St
No
Smoke Detector
HST Applicable To Sale Price:
Included
Features:
Attached Garage: No, Crops Included: No, Garage: Yes, New Construction: No
Zoning:
EMP-1
Total Acres:
10548
Exposure / Faces:
East, South
Lot Site Features:
Rectangular, Ample Parking, City Lot, Highway Access, Industrial Park, Public Transit, Shopping Nearby, Trails
Features:
Attached Garage: No, Crops Included: No, Garage: Yes, New Construction: No
Data was last updated June 3, 2026 at 11:50 AM (UTC)
Area Statistics
Listings on market:
10
Avg list price:
$824,500
Min list price:
$500,000
Max list price:
$4,150,000
Avg days on market:
45
Min days on market:
1
Max days on market:
308
Avg price per sq.ft.:
$351.83
These statistics are generated based on the current listing's property type
and located in
114 - Uptown Waterloo/North Ward. Average values are
derived using median calculations. This data is not produced by
the MLS® system.