Listed by Re/Max Champions Realty Inc..

265 GLENRIDGE Drive is a Detached, Bungalow-Raised and is currently for Sale @ $1,479,999. Taxes in 2025 were $2,400.00.

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Exceptional Investment Opportunity in the Heart of Waterloo! This rare student rental property LEGAL DUPLEX , is located in the core strip of Waterloo, making it an ideal choice for investors, professionals, or families looking to live mortgage-free while generating strong rental income. The Bungalow-Raised on 265 GLENRIDGE Drive has 5 bedrooms, 6 bathrooms, and is located on a 151.27 x 45.01 ft lot in the community of .Perfectly situated near three major universities and Conestoga College, with direct bus Route 202 access to all schools, this property offers both convenience and long-term rental demand.Key Features: 11 spacious bedrooms, 6 bathrooms, and 4 kitchens across four self-contained units, 800 sq. ft. permitted extension, completed a few years ago with full City approval , Approved rental license from the City of Waterloo , Separate laundry area for tenants convenience, 4 parking spots available, Roof replaced recently, with all equipment in excellent working condition, Consistently generating over $100,000 in gross annual income for the past three years. Potential to live in the main unit while renting out the other three units, earning approximately $6,000/month in rental income. This property has been professionally managed and well-maintained by the owner, ensuring a smooth transition for the next investor. Whether youre seeking a high-yield rental property or an opportunity to live comfortably while your tenants cover the mortgage, this home is a must-see investment in Waterloos thriving student market.

All Appliances, Legal Duplex. Can be Extended another 40% of the House.

The address 265 GLENRIDGE Drive was listed for sale (MLS# X12428614) on Friday, September 26, 2025.