No photos available

Investment signal

$999,000

60 AUSTIN Drive

Beds

Baths

Sqft

—

Year

1965

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.

Open full map

Text about this home Send a message

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
Structure: House
Community: 421 - Lakeshore/Parkdale
Common interest: Freehold
Living area: 2,090 square feet
Bedrooms: 4 above grade, 3 below grade
Parking: 6 total
Stories: 1
On market: Apr 16, 2026
Status changed: Apr 17, 2026
Annual tax: $7,083
Zoning: R1
Photos: 27
MLS#: 40817425
Area: WATERLOO

Features and systems

Parking

None

Basement

FinishedFull

Appliances

WasherRefrigeratorStoveDryerWindow Coverings

Heating

Forced airNatural gas

Cooling

None

Exterior

BrickVinyl siding

Foundation

Poured Concrete

Lot

Paved drivewayIn-Law Suite

Negative cash flow ~$1,940/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.65%

Cap rate

3.56%

GRM

16.6

Break-even rent

$7,042

Financing

Down payment$199,800

Loan amount$799,200

Mortgage$4,903/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$458

Insurance$80

Maintenance$833

CapEx reserve$416

Vacancy loss$250

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

Estimated $4,903/mo at 5.49% with 20% down, 25-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 17, 2026.