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96 UNIVERSITY Avenue

96 UNIVERSITY Avenue

Waterloo, Ontario

Multi-family

$19,900,000

Set at the corner of University Avenue West and Albert Street, this six-storey building occupies arguably the most strategic address in the Waterloo student housing market — directly across the street from Wilfrid Laurier University and steps from the University of Waterloo. The building's art deco character sets it apart from the moment you arrive. From its distinctive art deco facade to thoughtfully designed interiors featuring California ceilings, oversized stairwells and hallways, and custom cabinetry throughout, this is a property built with intention. Purpose-built in 2012 for student accommodation and fully occupied since completion, the diversified unit mix of five-bedroom, four-bedroom, three-bedroom, and two-bedroom suites is tailored for group co-tenancy — keeping turnover low and income highly predictable. Each suite is appointed with generous kitchens featuring dual fridges and a dishwasher, spacious carpeted bedrooms, and full 4-piece bathrooms. Lower-level suites benefit from in-floor heating, while all units are served by central air conditioning and forced air systems for year-round comfort. VTB 2nd may be available for a qualified buyer. Building amenities are equally well-considered: elevator access, controlled entry, 24/7 CCTV surveillance, an on-site management office to handle tenant needs and maintenance requests, in-building laundry, and both indoor and outdoor parking round out an offering that tenants consistently renew and investors rarely let go.

Price History

Schools

Elementary

  • MacGregor Public School0.6 km

    Public · Waterloo Region DSB · 510 students

  • Winston Churchill Public School1.3 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 School1.6 km

    Catholic · Waterloo CDSB · 385 students

    Grade 3 reading: 71% met the provincial standard · Grade 6 math: 45% met the provincial standard

Secondary

  • Waterloo Collegiate Institute0.6 km

    Public · Waterloo Region DSB · 1480 students

    Grade 10 literacy: 85% met the provincial standard

  • St David Catholic Secondary School1.2 km

    Catholic · Waterloo CDSB · 1080 students

    Grade 10 literacy: 97% met the provincial standard

  • Bluevale Collegiate Institute2.6 km

    Public · Waterloo Region DSB · 1115 students

    Grade 10 literacy: 88% 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
$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

$3,980,000

Estimated Monthly Payment

$97,763

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $97,763/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $4,975/mo

Estimates only. Consult a financial advisor.

R

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