289 ALBERT Street
Waterloo, Ontario
7 bed • 3 bath • Single Family
High Income Licensed Student Rental or Redevelopment Opportunity, Prime Location on High Traffic Albert Street. Four adjacent properties are currently for sale 285, 289, 291 & 293 Albert Street. Group this property with 285 Albert for corner access, add 291 Albert for a larger project or add 293 Albert for the full land assembly and the opportunities that provides. Can be purchased individually as an excellent student rental property or with neighbouring properties. Currently leased to provide income while you plan your redevelopment project. Zoning RN-6. Legal Duplex. Licensed for 7. Leased Until August 2027.
Price History
Property
- Lot Size
- 0.18 acres
Schools
Secondary
- Waterloo Collegiate Institute0.4 km
Public · Waterloo Region DSB · 1480 students
Grade 10 literacy: 85% met the provincial standard
- St David Catholic Secondary School0.9 km
Catholic · Waterloo CDSB · 1080 students
Grade 10 literacy: 97% met the provincial standard
- Bluevale Collegiate Institute2.7 km
Public · Waterloo Region DSB · 1115 students
Grade 10 literacy: 88% met the provincial standard
Elementary
- MacGregor Public School0.9 km
Public · Waterloo Region DSB · 510 students
- Winston Churchill Public School1 km
Public · Waterloo Region DSB · 320 students
Grade 3 reading: 81% met the provincial standard · Grade 6 math: 56% met the provincial standard
- Our Lady of Lourdes Catholic Elementary School1.9 km
Catholic · Waterloo CDSB · 385 students
Grade 3 reading: 71% met the provincial standard · Grade 6 math: 45% 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
Single Family in Waterloo · last 12 months
- Median sold price
- $695,000
- Homes sold
- 1,024
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,024 recorded sales of single family properties in Waterloo over the last 12 months.
Location
Mortgage Calculator
$240,000
Estimated Monthly Payment
$5,895
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $5,895/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $300/mo
Estimates only. Consult a financial advisor.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?