$699,999
396 HAZEL Street
Beds
7
Baths
2
Sqft
—
Year
—
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
Welcome to 396 Hazel Street — a prime investment opportunity in the heart of Waterloo's highly desirable student rental area. This city-licensed student rental offers a legal duplex setup, making it a turnkey option for investors seeking strong and consistent rental income. Thoughtfully designed for student living, the property features spacious bedrooms, multiple bathrooms, and generous common areas that enhance tenant comfort and appeal. The functional layout, combined with its legal status and licensing, provides peace of mind and long-term stability. Ideally located within walking distance to Wilfrid Laurier University and the University of Waterloo, this home ensures high rental demand year after year. Additionally, it presents a great opportunity for buyers to renovate and further increase the property's value, making it especially attractive for investors looking to maximize returns. Whether you are an investor expanding your portfolio or a parent looking for a smart housing solution for university-bound children, 396 Hazel Street checks all the boxes. (id:65958)
- Subtype
- Single Family
- Architectural style
- Raised bungalow
- Structure
- House
- Community
- 417 - Beechwood/University
- Common interest
- Freehold
- Living area
- 2,300 square feet
- Bedrooms
- 3 above grade, 4 below grade
- Parking
- 4 total
- Stories
- 1
- On market
- Mar 30, 2026
- Status changed
- Apr 17, 2026
- Annual tax
- $4,973
- Zoning
- GR
- Photos
- 5
- MLS#
- 40816052
- Area
- WATERLOO
Features and systems
Basement
Appliances
Heating
Cooling
Exterior
Foundation
Lot
Cash on cash
-11.88%
Cap rate
3.51%
GRM
16.7
Break-even rent
$4,959
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 17, 2026.