$1,200,000
289 ALBERT Street
Beds
7
Baths
3
Sqft
—
Year
1986
Location
See the block, not just the house.
Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.
About this home
Redevelopment Opportunity, Prime Location on High Traffic Albert Street. Can be purchased with 291 Albert Street. Adjacent properties at 285 and 293 Albert Street are also for sale for a larger parcel. Currently leased to provide income while you plan your redevelopment project. Zoning RN-6. Legal Duplex. Licensed for 7. Leased Until August 2027. (id:65958)
- Subtype
- Multi-family
- Structure
- Duplex
- Community
- 417 - Beechwood/University
- Common interest
- Freehold
- Living area
- 1,545 square feet
- Lot dimensions
- 0
- Parking
- 3 total
- Stories
- 1.5
- On market
- Apr 7, 2026
- Status changed
- Apr 18, 2026
- Annual tax
- $8,439
- Zoning
- RN-6
- Photos
- 11
- MLS#
- 40817654
- Area
- WATERLOO
Features and systems
Parking
Basement
Heating
Cooling
Exterior
Construction
Lot
Cash on cash
-11.60%
Cap rate
3.57%
GRM
16.7
Break-even rent
$8,442
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.
Lifestyle 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.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 18, 2026.