357 GRANGEWOOD Drive
Waterloo, Ontario
4 bed • 2 bath • Multi-family
Stunning Legal Duplex Bungalow on a highly sought after Crescent in Waterloo! This extensively renovated property is the perfect addition to any investment portfolio. Featuring two fully updated units, including a legal basement apartment completed with permits in 2020 — this investment property offers both style and practical design. With fully separate heating and cooling systems for each unit and independent gas and hydro meters, tenants will pay and gas and hydro and landlord covers water. The upper unit boasts 3 bedrooms and 1 bathroom, with a bright and open concept layout. The kitchen is a showstopper with quartz countertops, stainless steel appliances, and a breakfast bar with seating that opens to the family and dining rooms. The lower unit offers 1 bedroom plus a den, complete with individual heating controls for each room, wall-mounted AC, and a gas fireplace. The kitchen provides generous storage and countertop space plus a breakfast bar. Metal roof plus both units feature in-suite laundry and a double-wide driveway with parking for up to 6 vehicles. The large fully fenced lot features a spacious wood deck for tenants to enjoy and total privacy in the backyard with mature trees plus a car port Located in one of Waterloo’s most desirable neighbourhoods, just steps from transit, close to expressway access, parks, green space, shopping, and all amenities. The upper unit is occupied by an exceptional AAA+ tenant and the lower unit is ready for your own tenant selection or personal use!
Price History
Schools
Elementary
- Sandowne Public School0.6 km
Public · Waterloo Region DSB · 245 students
Grade 3 reading: 73% met the provincial standard · Grade 6 math: 35% met the provincial standard
- St Matthew Catholic Elementary School0.6 km
Catholic · Waterloo CDSB · 425 students
Grade 3 reading: 86% met the provincial standard · Grade 6 math: 72% met the provincial standard
- Lexington Public School1.2 km
Public · Waterloo Region DSB · 355 students
Grade 3 reading: 77% met the provincial standard · Grade 6 math: 60% met the provincial standard
Secondary
- Bluevale Collegiate Institute1.8 km
Public · Waterloo Region DSB · 1115 students
Grade 10 literacy: 88% met the provincial standard
- St David Catholic Secondary School2.6 km
Catholic · Waterloo CDSB · 1080 students
Grade 10 literacy: 97% met the provincial standard
- Waterloo Collegiate Institute2.9 km
Public · Waterloo Region DSB · 1480 students
Grade 10 literacy: 85% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N2K
- Population
- 29,381
- Private dwellings
- 10,815
- Median age
- 40.4
- Average household size
- 2.8
- Median household income
- $120,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Multi-family in Waterloo · last 12 months
- Median sold price
- $695,000
- Homes sold
- 1,033
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,033 recorded sales of multi-family properties in Waterloo over the last 12 months.
Location
Mortgage Calculator
$159,800
Estimated Monthly Payment
$3,925
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,925/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $200/mo
Estimates only. Consult a financial advisor.
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