172 ELGIN Crescent Waterloo

172 ELGIN Crescent, Waterloo, Ontario

$799,900

  • 5 Beds
  • 2 Baths
  • 2,266 Square Feet

Licensed Dwelling with Walkout Basement in Prime Waterloo Location – A Turnkey Investment Opportunity! 3 bedrooms up and 2 in the lower unit Outstanding opportunity to own a licensed 2-unit brick bungalow with a loft and walkout basement, ideally located just steps to Uptown Waterloo, WLU, University of Waterloo, Conestoga College, shopping, and the LRT. This versatile property is perfect for investors, multigenerational living, or parents seeking housing for university students. The main level features a bright, functional layout with two bedrooms plus a loft bedroom, an eat-in kitchen with updated counter and faucet (2022), living room, and a 3-piece bathroom. An enclosed front porch and side entry offer practical access and added charm. The fully finished lower level—renovated in 2017—includes large windows, a separate entrance, a generous family room with walkout to a covered patio, two bedroom, a 4-piece bathroom, and a stylish second kitchen. The basement also houses a large utility room and laundry (2020 full-size stackables), cold cellar, and plenty of storage. This home has been thoughtfully maintained and upgraded, including: 50-year steel roof, New furnace (2022) New main floor fridge (2024) Vinyl plank flooring (2019) Updated basement windows (2018/2019) New water softener (2019) Eavestroughs and garage door (2020) Custom window blinds in basement (2022) The deep, fully fenced backyard features a 9' x 12' shed, ideal for extra storage or future creative use. Hardwood floors in the main floor bedrooms , Vinyl plank in the living room and hallway . With a valid Waterloo rental license, this property is move-in or rent-out ready, offering excellent income potential in a sought-after location. Whether you're an investor looking for solid returns, or a buyer seeking flexible living with mortgage-helper potential, this one checks all the boxes. (id:56241)

  • Listing ID: 40719982
  • Property Type: Single Family
  • Year Built: 1961

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Rooms

LevelTypeDimensions
Bedroom Second level 11'2'' x 10'4''
Bedroom Basement 10'4'' x 10'1''
Kitchen Basement 19'8'' x 10'7''
Laundry room Basement 2'7'' x 2'8''
4pc Bathroom Basement Measurements not available
Bedroom Basement 12'2'' x 10'2''
Living room Basement 21'1'' x 11'10''
3pc Bathroom Main level Measurements not available
Bedroom Main level 10'9'' x 9'6''
Primary Bedroom Main level 12'0'' x 10'11''
Dining room Main level 10'5'' x 8'7''
Kitchen Main level 12'7'' x 9'5''
Living room Main level 20'5'' x 11'9''

Details

  • Architectural Style: Bungalow
  • Amenities Nearby: Public Transit, Schools
  • Community Features: School Bus
  • Equipment: None
  • Features: Paved driveway
  • Ownership: Freehold
  • Parking Spaces: 5
  • Rental Equipment: None
  • Transaction: For sale
  • Zoning Description: GR1

Building

  • Appliances: Dryer, Refrigerator, Stove, Water softener, Washer, Microwave Built-in
  • Architectural Style: Bungalow
  • BasementType: Full (Finished)
  • Basement Development: Finished
  • Bedrooms Main Level: 3
  • Bedrooms Lower Level: 2
  • Constructed Date: 1961
  • Construction Style Attachment: Detached
  • Cooling: Central air conditioning
  • Exterior Finish: Brick Veneer
  • Fireplace Present: False
  • Fire Protection: Smoke Detectors
  • Foundation: Poured Concrete
  • Bathrooms (Total): 2
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Size Interior: 2266 sqft
  • Stories Total: 1
  • Type: House
  • Utility Water: Municipal water

Land

  • Amenities: Public Transit, Schools
  • Sewer: Municipal sewage system
  • Size Frontage: 44 ft
MLS®

Listing provided by RE/MAX SOLID GOLD REALTY (II) LTD.
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REALTOR®

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 172 ELGIN Crescent in Waterloo Ontario. It was last modified on July 8th, 2025. Contact us to schedule a viewing or to discover other Waterloo properties for sale.

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