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172 REGINA Street

172 REGINA Street

Waterloo, Ontario

Multi-family

$4,990,000

Rare chance to own a contemporary, purpose-designed eight-unit building in one of the most sought-after student rental pockets in the city. Wilfrid Laurier's campus sits practically at your doorstep — the Science and Athletic facilities are a short stroll away, making this an easy walk for every tenant. Location like this simply doesn't come available often. Every suite is thoughtfully appointed with its own hydro and gas metering, two full bathrooms, and the added convenience of laundry right in the unit. Spacious shared areas round out the layout. The property has been carefully looked after under hands-on ownership, and each resident is secured on a signed lease agreement. The numbers work: this asset produces positive cash flow at today's lending rates, delivering dependable returns from day one. There's room to grow revenue further as units turn over, offering built-in upside for the incoming owner. It's a natural fit for an experienced operator who appreciates the reliability of housing situated within arm's reach of a major university.

Price History

Schools

Elementary

  • MacGregor Public School0.4 km

    Public · Waterloo Region DSB · 510 students

  • École élémentaire L'Harmonie1.2 km

    French public · CS Viamonde · 290 students

    Grade 3 reading: 92% met the provincial standard · Grade 6 math: 79% met the provincial standard

  • Elizabeth Ziegler Public School1.3 km

    Public · Waterloo Region DSB · 510 students

    Grade 3 reading: 71% met the provincial standard · Grade 6 math: 47% met the provincial standard

Secondary

  • Waterloo Collegiate Institute0.9 km

    Public · Waterloo Region DSB · 1480 students

    Grade 10 literacy: 85% met the provincial standard

  • St David Catholic Secondary School1.3 km

    Catholic · Waterloo CDSB · 1080 students

    Grade 10 literacy: 97% met the provincial standard

  • Bluevale Collegiate Institute1.8 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 N2J

Population
20,899
Private dwellings
10,672
Median age
36.8
Average household size
2.2
Median household income
$74,500

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
1,028
Median days on market
21
Sale-to-list price
99.8%

Based on 1,028 recorded sales of multi-family properties in Waterloo over the last 12 months.

Location

Mortgage Calculator

$998,000

Estimated Monthly Payment

$24,514

Investment Analysis

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

Mortgage: $24,514/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $1,248/mo

Estimates only. Consult a financial advisor.

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