24 AUSTIN Drive
Waterloo, Ontario
- 12 bed
- 3 bath
- Multi-family
Prime Purpose-Built Triplex in Waterloo! This all-brick, purpose-built triplex features three spacious, independent units, each with 4 bedrooms, a full 4-piece bathroom, a kitchen, and a large living room. All 12 bedrooms have large windows that fill the space with natural light. A fantastic opportunity for investors or an owner-occupier looking to live in one unit while generating rental income from the other two. Two of the three units, along with the common areas, have been fully renovated in the past few years, enhancing the property’s appeal and value. Additional features include ample private parking in the rear and driveway, on-site coin-operated laundry, Updated New heating system (2012), Driveway (2011), Windows (2009), Roof (2005)., making it a turnkey investment. Located within walking distance to universities, public transit, shopping, and all amenities, this triplex combines convenience, income potential, and long-term growth. Book your viewing today! Interior photos were taken prior to tenant occupancy and may not reflect the current condition of the units.
Price History
Schools
Secondary
- St David Catholic Secondary School0.1 km
Catholic · Waterloo CDSB · 1080 students
Grade 10 literacy: 97% met the provincial standard
- Waterloo Collegiate Institute0.4 km
Public · Waterloo Region DSB · 1480 students
Grade 10 literacy: 85% met the provincial standard
- Bluevale Collegiate Institute2.5 km
Public · Waterloo Region DSB · 1115 students
Grade 10 literacy: 88% met the provincial standard
Elementary
- Winston Churchill Public School0.5 km
Public · Waterloo Region DSB · 320 students
Grade 3 reading: 81% met the provincial standard · Grade 6 math: 56% met the provincial standard
- MacGregor Public School1.4 km
Public · Waterloo Region DSB · 510 students
- ÉÉC Mère-Élisabeth-Bruyère1.5 km
French Catholic · CS catholique MonAvenir · 220 students
Grade 3 reading: 84% met the provincial standard · Grade 6 math: 68% 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 N2L
- Population
- 37,953
- Private dwellings
- 19,681
- Median age
- 29.8
- Average household size
- 2.2
- Median household income
- $69,500
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
- $692,500
- Homes sold
- 1,035
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,035 recorded sales of multi-family properties in Waterloo over the last 12 months.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$269,980
Estimated Monthly Payment
$6,632
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $6,632/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $337/mo
Estimates only. Consult a financial advisor.
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