139 Elgin Crescent
Waterloo, ON
- 6 bed
- 2 bath
- approx. 700-1100 sqft
- Duplex
- 66 days on market
nvestor Alert - Rare Opportunity to Acquire a Fully Stabilized, Rental Licensed 3+3 Bedroom Property in One of Waterloo's Most Proven Rental Locations.Welcome to 139 Elgin Crescent, a turnkey income-producing asset offering the combination investors are actively seeking: strong cash flow, excellent tenant quality, and long-term income certainty. The property is fully leased under a multi-year agreement through to at least April 30, 2027, generating $5,970 per month plus utilities ($71,640 annually), providing immediate cash flow with virtually no leasing risk.This home with registered accessory apartment features two self-contained 3-bedroom units, each with its own kitchen and bathroom, making it ideally configured for the Waterloo student rental market. Situated on a mature 50 foot x 127 foot lot within walking distance of Wilfrid Laurier University, the University of Waterloo, Uptown Waterloo, shopping, restaurants, transit and everyday amenities, the location has consistently demonstrated strong tenant demand.The property has benefited from numerous updates over the years, including roof, furnace, air conditioning, wiring, plumbing and bathroom updates. Recently completed vinyl plank flooring throughout the main floor living room, hallway and all three upstairs bedrooms provides a fresh, modern appearance while offering the durability investors appreciate.Additional features include large basement egress windows, shared laundry, an attached garage (real bonus in this area), double-wide driveway parking, fenced backyard and an expansive stone patio. Whether you're expanding an existing portfolio or seeking a dependable hands-off investment in one of Ontario's perennially strongest rental markets, this is a rare opportunity to acquire a fully licensed, fully leased, and professionally maintained rental asset with predictable income already secured well into 2027. A true turnkey investment-buy today and collect strong rent tomorrow.
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2026)
- $6,746
- Listed
- July 4, 2026
Price History
Property
- Style
- Bungalow
- Age
- 51-99
- Construction
- Brick Veneer, Shingle
- Roof
- Asphalt Shingle
- Foundation
- Concrete
- Interior
- Accessory Apartment, Carpet Free, In-Law Suite, In-Law Capability, Primary Bedroom - Main Floor, Water Heater Owned, Water Softener
- Lot Size
- 50.08 x 127.32 Feet
Parking
- Garage
- Attached
- Covered Spaces
- 1
- Total Parking
- 2
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Brighton Street
- Zoning
- R1
- Parcel Number
- 223690056
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- Three fridges, two stoves, 2 dishwashers, 1 washing machine, 1 dryer
- Exclusions
- Tenants' Possessions
- Rental Items
- None
Schools
Elementary
- MacGregor Public School0.7 km
Public · Waterloo Region DSB · 510 students
- École élémentaire L'Harmonie0.9 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 School1.2 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 Institute1.1 km
Public · Waterloo Region DSB · 1480 students
Grade 10 literacy: 85% met the provincial standard
- St David Catholic Secondary School1.4 km
Catholic · Waterloo CDSB · 1080 students
Grade 10 literacy: 97% met the provincial standard
- Bluevale Collegiate Institute1.5 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
Residential Freehold in Waterloo · last 12 months
- Median sold price
- $695,000
- Homes sold
- 1,034
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,034 recorded sales of residential freehold properties in Waterloo over the last 12 months.
Rooms
4-piece on Main, 3-piece on Lower
Main
- Bathroom8'4" x 7'5"
- Bedroom9'1" x 10'11"
- Bedroom8'4" x 11'11"
- Kitchen12'7" x 11'1"
- Living Room16'8" x 16'3"
- Primary Bedroom12'6" x 12'
Lower
- Bathroom6'6" x 7'9"
- Bedroom11' x 10'11"
- Bedroom10'10" x 11'1"
- Bedroom10'11" x 10'11"
- Kitchen12'6" x 15'1"
- Recreation15'3" x 10'11"
- Utility Room3'11" x 15'
Listed by
ROYAL LEPAGE WOLLE REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$199,980
Estimated Monthly Payment
$4,912
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: $4,912/mo (20% down, 5.5%)
Taxes: $562/mo · Insurance: $250/mo
Estimates only. Consult a financial advisor.
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