139 Elgin Crescent

As stated by the MLS®, nothing inferred.

Below-comps first · all nearby homes shown, not just the good-value ones.

Condo Townhouse

$449,000

Below recent sales

121 University Avenue E, Unit 101

3 bed · 3 bath·1400-1599 sq ft·1 parking·$767/mo fee

Waterloo

Listed 12 days ago · RE/MAX Twin City Realty Inc.

• Listing states: renovated

Condo Apartment

$328,000

Below recent sales

158 KING Street N, Unit 2004

2 bed · 1 bath·500-599 sq ft·1 parking·$475/mo fee

Waterloo

Listed 8 days ago · Homelife Landmark Realty Inc.

Detached

$549,900

Below recent sales

57 Peppler Street

3 bed · 2 bath·700-1100 sq ft·4 parking

Waterloo

Listed 13 days ago · RE/MAX Twin City Realty Inc.

Condo Apartment

$298,000

Below recent sales

321 Spruce Street, Unit 710

1+1 bed · 2 bath·700-799 sq ft·$746/mo fee

Waterloo

Listed 38 days ago · Century 21 Mypro Realty

Condo Apartment

$274,900

Below recent sales

321 Spruce Street, Unit 501

1+1 bed · 1 bath·600-699 sq ft·$740/mo fee

Waterloo

Listed 61 days ago · Right At Home Realty

Condo Apartment

$395,900

Below recent sales

62 Balsam Street, Unit B408

2 bed · 2 bath·800-899 sq ft·1 parking·$682/mo fee

Waterloo

Listed 4 days ago · RE/MAX Real Estate Centre Inc.

nvestor Alert - Rare Opportunity to Acquire a Fully Stabilized, Rental Licensed 3+3 Bedroom Property in One of Waterloo's Most Proven Rental Locations.Welcome to 139 Elgin Crescent, a turnkey income-producing asset offering the combination investors are actively seeking: strong cash flow, excellent tenant quality, and long-term income certainty. The property is fully leased under a multi-year agreement through to at least April 30, 2027, generating $5,970 per month plus utilities ($71,640 annually), providing immediate cash flow with virtually no leasing risk.This home with registered accessory apartment features two self-contained 3-bedroom units, each with its own kitchen and bathroom, making it ideally configured for the Waterloo student rental market. Situated on a mature 50 foot x 127 foot lot within walking distance of Wilfrid Laurier University, the University of Waterloo, Uptown Waterloo, shopping, restaurants, transit and everyday amenities, the location has consistently demonstrated strong tenant demand.The property has benefited from numerous updates over the years, including roof, furnace, air conditioning, wiring, plumbing and bathroom updates. Recently completed vinyl plank flooring throughout the main floor living room, hallway and all three upstairs bedrooms provides a fresh, modern appearance while offering the durability investors appreciate.Additional features include large basement egress windows, shared laundry, an attached garage (real bonus in this area), double-wide driveway parking, fenced backyard and an expansive stone patio. Whether you're expanding an existing portfolio or seeking a dependable hands-off investment in one of Ontario's perennially strongest rental markets, this is a rare opportunity to acquire a fully licensed, fully leased, and professionally maintained rental asset with predictable income already secured well into 2027. A true turnkey investment-buy today and collect strong rent tomorrow.