Presenting this pristine Tri-Plex in the middle of Uptown Waterloo and steps from the University District. 119 Regina Street North, has been impeccably maintained under the same ownership since 1995. Always fully tenanted, this building is comprised of two, 4-bedroom units on the main and second floor with nearly 1,200 sq ft of living space. Each unit with a large eat in kitchen, living area, balcony and 4 bedrooms individually leased between $700 and $720 per room. The third unit, on the lower level features the same layout but with three bedrooms (windows above grade) renting for $700 per room and includes a walkout living room to a sunken patio. The mechanical room hosts a Lechinvar high-efficiency Boiler (4 years old), a large stainless steel hot water heater, and a spacious laundry room with coin operated services. Electrical panels have been upgraded throughout the building (11 years ago, ESA 2022). This building produces just shy of 100k net income yearly and can produce a CAP rate well over 5% (Investment ProForma Available). Furthermore, the flexible RMU-30 zoning suggests there could be further densification for this property, either through an addition, an additional dwelling unit, or redevelopment. The irregular lot measures at .19 acres and currently allows for a large backyard for tenant enjoyment and also accommodates a parking lot with 7 spaces rented at $65 per space. This property provides excellent income, a fantastic location and long-term upside potential. Yearly Fire Inspections (2026) - Fully tenanted with leases in place until September 2029.
Property Type:
Residential Income
Property SubType:
Multi-3 Unit
Listing General Location:
415 - Uptown Waterloo/Westmount, 4 - Waterloo West
Two-story residential structure featuring a red brick facade with white siding accents
Brick exterior building with white vertical siding accents, a dark shingle roof, and multiple windows
Brick construction multi-unit property featuring a private paved parking area and mature trees
Red brick exterior with white siding accents and a contrasting white entry door featuring sidelight windows
Photo 5 of 47
Staircase featuring white tiled treads and risers, a white metal handrail with twisted balusters, and a solid brown door at the landing
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Full bathroom featuring a white porcelain tub with surrounding wall tiling, a wood-finish vanity with an integrated sink, and a large wall-mounted mirror
Compact room featuring wood-finish flooring, a double-paned window, and a built-in closet with a hanging rod
Kitchen area featuring light wood-finish cabinetry, a white electric range, a white refrigerator, and wood-finish flooring
Kitchen featuring wood-finish cabinetry, a laminate countertop, and a tile backsplash
Bright living space featuring wood-finish flooring, white walls, and a sliding glass door
Bright room featuring wood-finish flooring, a window with black curtains, white painted walls, and a ceiling-mounted light fixture
Room featuring wood-finish flooring, a baseboard heating unit, and white walls
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Bathroom featuring a white bathtub with tiled surround, a vanity with a brown countertop, an integrated sink, and an overhead mirror
Bedroom
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Kitchen featuring light wood-finish cabinetry, a white refrigerator, a white electric range, and a stainless steel sink
Spacious living area featuring expansive sliding glass doors opening to an outdoor balcony
Living area featuring wood-finish flooring and a white color palette
Bedroom featuring wood-finish flooring, a window with natural light, white painted walls, and a built-in baseboard heater
Bright interior space featuring wood-finish flooring, a multi-pane window with a roller shade, and white walls
Bright bedroom featuring wood-finish flooring, a large window, white walls, a ceiling-mounted light fixture, and baseboard heating
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Bathroom featuring a vanity with a laminate countertop, an oval undermount sink, and a framed mirror
Bedroom featuring light wood-finish flooring, a window with wood trim, and a built-in closet with a wood-finish door
Kitchen space featuring light wood-finish cabinetry, a white appliance suite, light-toned countertops, and a white tiled backsplash
Kitchen featuring extensive light wood-finish cabinetry, wood-finish flooring, and a white tile backsplash
Living area featuring wood-finish flooring, white walls, and a sliding glass door with balcony access
Living space featuring warm wood-finish flooring and white wall finishes
Bright interior space featuring a window with privacy coverings, white walls, and a textured ceiling
Bright room featuring light wood-finish flooring, white walls, and a large multi-pane window
Bedroom
Two-story brick building featuring a gabled roof, white front door, and multiple windows
Brick exterior multi-unit building with a paved parking area and mature landscaping
Aerial view
Aerial view
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Aerial overview showcasing a residential street with mature trees and a distant urban skyline
Aerial perspective of a property with an established neighborhood setting, featuring surrounding commercial and residential buildings
Aerial perspective showcasing a property marker within a dense urban landscape, featuring broad roadways and numerous multi-story buildings
Aerial perspective showcasing a residential property with surrounding mature trees, a paved street, and nearby commercial structures
Brick exterior with white vertical siding accents, featuring a gray shingle roof
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Utility closet featuring a water heater, boiler, and copper piping
Utility room featuring tile flooring, a large window, a utility sink, and electrical panels
Data was last updated June 3, 2026 at 05:50 AM (UTC)
Area Statistics
Listings on market:
17
Avg list price:
$1,099,900
Min list price:
$525,000
Max list price:
$2,260,000
Avg days on market:
55
Min days on market:
1
Max days on market:
128
Avg price per sq.ft.:
$434.62
These statistics are generated based on the current listing's property type
and located in
4 - Waterloo West. Average values are
derived using median calculations. This data is not produced by
the MLS® system.