553 TEAKWOOD Drive, Waterloo, Ontario
$750,000
- 7 Beds
- 2 Baths
- 2,022 Square Feet
7 bedroom licenced rental. Currently: Class A - 3 bedroom rental licence for the upper level & Class A - 4 bedroom rental licence for the lower level. This unique property stands out as a perfect choice for investors, particularly those who are parents of university students, offering a smart way to manage living arrangements while expanding your investment portfolio. —Highlights— • Design: A well-planned 3-bedroom bungalow complemented by a secondary 4-bedroom basement unit, featuring a separate side entrance for privacy and independence • Capacity: Boasting total 7 bedrooms in total, this property is well-equipped to accommodate a significant number of tenants • Amenities: 2 fully functional kitchens, spacious living areas, and separate laundry facilities cater to all the needs of student life • Location: Nestled in a quiet, safe residential neighbourhood, this property ensures a peaceful study environment • Accessibility: Just a 5-minute bus ride to the University of Waterloo, with the #9 bus stop right outside the front door. For those who prefer walking, the university is a comfortable sub-30-minute stroll away • Convenience: Grocery, drugstores, and restaurants are within a 2km radius; a breezy 18-minute bus ride. Conestoga Mall and transit links are 20 mins • Maintenance: The property is neat, tidy, and has been meticulously maintained, ensuring a hassle-free investment • Parking: A double-wide driveway provides ample space for up to 4 vehicles • Outdoors: A sizable yard, perfect for al-fresco study sessions, summer barbecues, and various lawn games • Additionally, a free-standing shed offers convenient bicycle storage. This property is not just a residence; it's a lifestyle choice for students seeking convenience, comfort, and a sense of community. As an investor, you're not just offering a place to stay; you're creating a home away from home for students, with the added benefit of a robust investment in one of Ontario's thriving educational hubs. (id:23309)
- Listing ID: 40740879
- Property Type: Multi-family
- Year Built: 1967
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Listing provided by Keller Williams Innovation Realty
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 553 TEAKWOOD Drive in Waterloo Ontario. It was last modified on June 20th, 2025. Contact Kim Christopher to schedule a viewing or to discover other Waterloo real estate for sale.