402 MIDWOOD Crescent
Waterloo, Ontario
2 bed • 2 bath • Single Family
Client Remarks Excellent investment opportunity in Prime Location in Waterloo! This beautifully updated, licensed rental property offers a turnkey opportunity in one of the city's most sought-after student rental locations. Featuring recent renovations through out. The seller is currently completing the conversion of the lower level into a legal 3-bedroom secondary suite, creating even greater rental potential making it a total of 6 Bedrooms which is not common in the city, Two Kitchens, Two Sets of Laundry with separate Entrance and maximizing future income opportunities. Ideally located just minutes from the University of Waterloo, Wilfrid Laurier University, Conestoga College, public transit, shopping, restaurants, and everyday amenities, this property is perfectly suited for students and investors alike. Seller has owned this property for more than 20 years and it has been consistently leased year after year.
Price History
Schools
Elementary
- Centennial (Waterloo) Public School0.5 km
Public · Waterloo Region DSB · 415 students
- Keatsway Public School0.7 km
Public · Waterloo Region DSB · 365 students
Grade 3 reading: 79% met the provincial standard · Grade 6 math: 50% met the provincial standard
- Mary Johnston Public School0.9 km
Public · Waterloo Region DSB · 375 students
Grade 3 reading: 83% met the provincial standard · Grade 6 math: 72% met the provincial standard
Secondary
- Resurrection Catholic Secondary School1.9 km
Catholic · Waterloo CDSB · 1920 students
Grade 10 literacy: 90% met the provincial standard
- Waterloo Collegiate Institute3.1 km
Public · Waterloo Region DSB · 1480 students
Grade 10 literacy: 85% met the provincial standard
- Kitchener Waterloo Collegiate and Vocational School3.6 km
Public · Waterloo Region DSB · 1650 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
Single Family in Waterloo · last 12 months
- Median sold price
- $695,000
- Homes sold
- 1,026
- Median days on market
- 22
- Sale-to-list price
- 99.8%
Based on 1,026 recorded sales of single family properties in Waterloo over the last 12 months.
Location
Mortgage Calculator
$151,000
Estimated Monthly Payment
$3,709
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,709/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $189/mo
Estimates only. Consult a financial advisor.