172 REGINA Street N

About this home.

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. (id:59491)

The full record.

How this listing prices against Glenridge/Lincoln Heights.

Glenridge/Lincoln Heights posted 10 sales and 31 active listings, giving buyers a fair amount of choice in a market that leaned softer than Waterloo overall. The average price came in at $622,880, well below the city average, while homes took nearly 35 days to sell and closed at 92.29% of list, showing more negotiation than most Waterloo neighbourhoods. Activity was split between 6 freeholds and 4 condos, and the price gap between those segments is wide enough to make this one of the more mixed markets in the city right now. Overall, this looks like a value-oriented area where pricing discipline matters.

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