289 Albert Street
Waterloo, ON
- 7 bed
- 3 bath
- approx. 1500-2000 sqft
- Duplex
- 159 days on market
High Income Licensed Student Rental or Redevelopment Opportunity, Prime Location on High Traffic Albert Street. Can be purchased individually as an excellent student rental property or with 291 Albert for a larger redevelopment lot, these two properties represent one of the few remaining opportunities in this dynamic redevelopment area. Currently leased to provide income while you plan your redevelopment project. Zoning RN-6. Legal Duplex. Licensed for 7. Leased Until August 2027.
Listing Details
- Taxes (2025)
- $8,439
- Listed
- April 7, 2026
Price History
Property
- Style
- 1 1/2 Storey
- Construction
- Brick, Aluminum Siding
- Roof
- Asphalt Shingle
- Foundation
- Concrete
- Interior
- Accessory Apartment, Primary Bedroom - Main Floor
- Lot Size
- 58 x 132 Feet
Parking
- Garage
- Attached
- Covered Spaces
- 1
- Total Parking
- 4
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Hickory
- Zoning
- SR2
- Parcel Number
- 223640023
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Exclusions
- Tenant's Belongings
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 Institute2.8 km
Public · Waterloo Region DSB · 1115 students
Grade 10 literacy: 88% met the provincial standard
Elementary
- MacGregor Public School1 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
- Cedarbrae Public School1.8 km
Public · Waterloo Region DSB · 240 students
Grade 3 reading: 21% met the provincial standard · Grade 6 math: 14% 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
Residential Freehold in Waterloo · last 12 months
- Median sold price
- $695,000
- Homes sold
- 1,026
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,026 recorded sales of residential freehold properties in Waterloo over the last 12 months.
Listed by
ROYAL LEPAGE WOLLE REALTY
Walk Score
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Location
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Mortgage Calculator
$240,000
Estimated Monthly Payment
$5,895
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: $5,895/mo (20% down, 5.5%)
Taxes: $703/mo · Insurance: $300/mo
Estimates only. Consult a financial advisor.
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