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Investment signal

$1,830,000

133 ALBERT Street

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Beds

Baths

—

Sqft

—

Year

1914

Type

Multi-family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Waterloo. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

AAA Location!!! Less than 1 minute walk to the Universities...Deceivingly large, all bedrooms are above average in size, old house character and charm with an addition and updates, not your typical cookie cutter box. Renovated lower unit, very large backyard, lot's of outdoor space, 2 driveways with lot's of parking. Legal fourplex(no License or annual fee required), 15 students total. Always rented!!! This property has a 6% cap rate. Students love this building the two primary things that students are looking for is a nice clean apartment with a good size bedroom, 2nd is to get up and get to school fast with the lease amount of effort. This building has both. (id:65958)

Subtype: Multi-family
Structure: Fourplex
Community: 417 - Beechwood/University
Common interest: Freehold
Living area: 4,757 square feet
Parking: 8 total
Stories: 3
On market: Apr 16, 2026
Status changed: Apr 21, 2026
Annual tax: $15,935.67
Zoning: RC1
Photos: 28
MLS#: 40821386
Area: WATERLOO

Features and systems

Parking

Attached Garage

Basement

FinishedFull

Heating

Hot water radiator heatSteam radiatorNatural gasRadiator

Cooling

None

Exterior

Brick

Foundation

Poured Concrete

Lot

Paved driveway

Security

Unknown

Negative cash flow ~$1,932/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.33%

Cap rate

3.60%

GRM

16.7

Break-even rent

$11,183

Financing

Down payment$366,000

Loan amount$1,464,000

Mortgage$7,418/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$839

Insurance$80

Maintenance$1,525

CapEx reserve$763

Vacancy loss$458

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $7,418/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 21, 2026.