553 Teakwood Drive new Save Request In-Person Tour Request Virtual Tour
Waterloo,ON N2L 4L5
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,035 sqft
Price per Sqft $676
MLS Listing ID 40753500
Style Bungalow
Bedrooms 7
Full Baths 2
Abv Grd Liv Area 2,021
Year Built 1967
Annual Tax Amount $4,205
Property Sub-Type Detached
Source Waterloo Region
Property Description
Live in the upper level and rent out 4 bedrooms on the lower level. You have options with the current Class A - 3 bedroom rental licence for the upper level . Class A - 4 bedroom rental licence for the lower level. This unique property stands out as a perfect choice for investors, offering a smart way to manage living arrangements while expanding your investment portfolio. —Highlights— • Design: A well-planned 3-bedroom bungalow complemented by a secondary 4-bedroom basement unit, featuring a separate side entrance for privacy and independence • Capacity: Boasting total 7 bedrooms in total, this property is well-equipped to accommodate a significant number of tenants • Amenities: 2 fully functional kitchens, spacious living areas, and separate laundry facilities cater to all the needs of student life • Location: Nestled in a quiet, safe residential neighbourhood, this property ensures a peaceful study environment • Accessibility: Just a 5-minute bus ride to the University of Waterloo, with the #9 bus stop right outside the front door. For those who prefer walking, the university is a comfortable sub-30-minute stroll away • Convenience: Grocery, drugstores, and restaurants are within a 2km radius; a breezy 18-minute bus ride. Conestoga Mall and transit links are 20 mins • Maintenance: The property is neat, tidy, and has been meticulously maintained, ensuring a hassle-free investment • Parking: A double-wide driveway provides ample space for up to 4 vehicles • Outdoors: A sizable yard, perfect for al-fresco study sessions, summer barbecues, and various lawn games • Additionally, a free-standing shed offers convenient bicycle storage. This property is not just a residence; it's a lifestyle choice for students seeking convenience, comfort, and a sense of community. As an investor, you're not just offering a place to stay; you're creating a home away from home for students, with the added benefit of a robust investment in one of Ontario's thriving educational hubs.
Location
Province ON
County Waterloo
Area 4 - Waterloo West
Zoning R1
Direction Corner of Glen Forrest Blvd and Teakwood Dr
Rooms
Other Rooms Shed(s)
Basement Separate Entrance,Full,Finished
Main Level Bedrooms 3
Kitchen 2
Interior
Interior Features Accessory Apartment,In-law Capability,In-Law Floorplan
Heating Forced Air,Natural Gas
Cooling None
Fireplace No
Exterior
Parking Features Asphalt,Gravel
Roof Type Asphalt Shing
Lot Frontage 82.18
Lot Depth 59.93
Garage No
Building
Lot Description Urban,Open Spaces,Park,Public Transit,Quiet Area,Rec./Community Centre,Schools,Shopping Nearby
Faces Corner of Glen Forrest Blvd and Teakwood Dr
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Architectural Style Bungalow
Structure Type Brick Veneer,Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 222670180
Ownership Freehold/None
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