Homes for sale - 553 Teakwood Drive, Waterloo, ON N2L 4L5

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Doug Folsetter

doug@folsetter.com +1(905) 515-5494

Listed by Kevin Reitzel • Keller Williams Innovation Realty

$700,000

Est. payment - /mo

7 Beds

2 Baths

1,035 SqFt

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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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Doug Folsetter

+1(905) 515-5494

Sales Representative | License ID: 4729737

Sales Representative License ID: 4729737

553 Teakwood Drive Waterloo, ON N2L 4L5

Doug Folsetter

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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553 Teakwood Drive