119 Regina Street N, Waterloo, ON N2J 3B1
Waterloo
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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 5% (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.
Walkability, transit, and bike-friendliness for 119 Regina Street N, Waterloo, ON N2J 3B1
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MLS# X13301364
Listed by Benjamins Realty Inc.
Listed Jun 6, 2026
Sold Sep 8, 2026
What comparable homes actually sold for in the last 12 months.
119 Regina Street N, Waterloo, ON N2J 3B1 is listed for $1,259,900 CAD.
119 Regina Street N, Waterloo, ON N2J 3B1 has 11 bedrooms and 3 bathrooms.
119 Regina Street N, Waterloo, ON N2J 3B1 is a Multiplex.
119 Regina Street N, Waterloo, ON N2J 3B1 is in Waterloo, Ontario.
119 Regina Street N, Waterloo, ON N2J 3B1 is currently for sale.
Contact Maria Zaretchnev to arrange a private showing of 119 Regina Street N, Waterloo, ON N2J 3B1 (MLS# X13301364). You can also send a message through the contact form on this site.
