7 CARDILL Crescent

About this home.

Turn-Key Legal Duplex !!, Investor’s dream in the heart of Waterloo! This fully renovated 7-bedroom, 2-bathroom legal duplex sits on a massive 53.67 ft x 153.87 ft lot, just steps from University of Waterloo, Wilfrid Laurier University, and Conestoga College. Thousands have been recently spent on top-to-bottom renovations including two kitchens, upgraded bathrooms, flooring, lighting, and more. Each unit is thoughtfully designed, making it move-in ready and ideal for rentals or multi-generational living. With the rental potential of more than $5,500/month , this is a turn-key investment with strong cash flow from day one. Builders and developers—take a note! The oversized lot holds massive potential for future development. The neighboring property at 5 Cardill Crescent has already been successfully converted into a multiplex, demonstrating what's possible here. Whether you're looking to invest, house-hack, or redevelop, this property offers the perfect blend of location, income, and long-term potential. An outstanding opportunity to build multi-generational wealth in one of Waterloo’s most desirable rental corridors. (id:59491)

The full record.

How this listing prices against Lakeshore/Parkdale.

Lakeshore/Parkdale recorded 8 sales and 56 active listings, so buyers currently have substantial choice relative to recent deal flow. The average sale price was $737,169, below the Waterloo average, but homes sold in 21 days and at 97.09% of list, which is firmer than the inventory count alone would suggest. All completed sales were freeholds, while condo listings remain plentiful without any recent closings. That leaves the neighbourhood split between a functioning detached market and a condo segment still waiting for momentum.

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