$999,000
60 AUSTIN Drive
Beds
7
Baths
2
Sqft
—
Year
1965
About this home
Spacious raised bungalow located in a mature, well-established neighborhood within walking distance of both universities. This 7-bedroom, 2-bathroom duplex features a recently renovated 3-bedroom basement in-law suite with a private entrance—ideal for extended family or rental income. Each unit offers its own in-suite laundry, and a bus stop is conveniently located right at the front door and comes fully furnished a making the property a turn key investment.. The City of Waterloo recently expanded the zoning to SR-6 allowing for possible redevelopment with more density. An excellent opportunity for first-time home buyers or investors looking to enter the market. (id:65958)
- Subtype
- Single Family
- Architectural style
- Raised bungalow
- MLS#
- 40817425
- Area
- WATERLOO
Cash on cash
-11.65%
Cap rate
3.56%
GRM
16.6
Break-even rent
$7,042
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.
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 17, 2026.