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Investment signal

$975,000

8 SPRING STREET E

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Beds

Baths

3 full + 1 half

Sqft

—

Year

—

Type

Multi-family

Suite

Suite potential

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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

Welcome to this beautifully renovated duplex in the heart of Uptown Waterloo - an exceptional opportunity for investors or owner-occupiers alike. Perfectly positioned just one block from Wilfrid Laurier University and Waterloo Park, and a short walk to the University of Waterloo, this property offers unbeatable convenience in one of the city's most vibrant neighbourhoods. The upper-level unit features 3 spacious bedrooms and 1.5 bathrooms, thoughtfully updated with modern finishes and designed for comfortable living. A versatile third-floor loft provides additional storage space - perfect for seasonal items, hobby space, or future creative use. The lower level offers a legal 1-bedroom, 1-bathroom unit - an ideal mortgage helper or income-generating opportunity, newly refreshed with brand new flooring. Additional upgrades include a newly replaced air conditioning system (2025), and a brand new fence to a generously sized backyard, perfect for relaxing or entertaining. Located just steps to Uptown's best restaurants, cafés, bars, and boutique shops, and within walking distance to two LRT stations, this turnkey duplex delivers style, location, and strong investment potential in one exceptional package. (id:65958)

Subtype: Multi-family
Structure: Duplex
Lot dimensions: 36.1 x 82.7 FT
Bedrooms: 3 above grade, 1 below grade
Parking: 3 total
Stories: 2.5
On market: Apr 22, 2026
Status changed: Apr 27, 2026
Annual tax: $5,694.24
Photos: 48
MLS#: X13032832
Area: WATERLOO

Features and systems

Parking

No Garage

Basement

FinishedSeparate entranceN/AN/A

Appliances

WasherRefrigeratorWater softenerDishwasherStoveDryerMicrowaveFurnitureWater Heater

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

BrickVinyl siding

Foundation

Unknown

Community

Community Centre

Negative cash flow ~$1,067/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

-6.56%

Cap rate

3.55%

GRM

16.7

Break-even rent

$5,998

Financing

Down payment$195,000

Loan amount$780,000

Mortgage$3,952/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$447

Insurance$80

Maintenance$813

CapEx reserve$406

Vacancy loss$244

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 $3,952/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 27, 2026.