$674,900
802 WATERLOO Street
Beds
6
Baths
3 full + 2 half
Sqft
—
Year
1900
Type
Single Family
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for London. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Rare Investment Opportunity: Legal 6-Bedroom Licensed Student Rental. Step into a turn-key investment with this stunning yellow brick century home. Perfectly situated and fully licensed with the city, this rare 6-bedroom property offers the ideal blend of historic charm and modern functionality. Whether you are looking to expand your portfolio or start strong, this house is a standout in the student rental market. Interior Highlights includes spacious living: A unique layout featuring two separate common living rooms-one on the main floor and one in the finished basement-plus an additional sun-filled common room overlooking the backyard. Sun-Drenched Bedrooms: Oversized windows throughout flood the home with natural light. The upstairs includes a standout bedroom with its own private walkout and deck. A large, spacious eat-in kitchen serves as the heart of the home, perfect for group living. Finished Basement with separate entrance: Features a large recreation room, laundry room, and an additional bedroom, providing a perfect separate zone for tenants. Major Updates & Exterior: Peace of Mind: Significant capital improvements include a new main sewer line, new front steps, and the replacement of most main floor and upstairs windows. Outdoor Oasis: A sliding door leads to a wrap-around deck and a beautiful, private backyard filled with perennial gardens. Storage: A solid 8x12 shed in the backyard provides ample storage for tenants. Current Status: One reliable, long-term tenant remains, with the other five bedrooms vacant and ready for you to set your own market rents! Don't miss out on this rare, licensed, and updated yellow brick gem. This property is built for performance and longevity! (id:65958)
- Subtype
- Single Family
- Architectural style
- 2 Level
- Structure
- House
- Community
- East B
- Common interest
- Freehold
- Living area
- 2,412 square feet
- Bedrooms
- 5 above grade, 1 below grade
- Parking
- 3 total
- Stories
- 2
- On market
- Apr 23, 2026
- Status changed
- Apr 23, 2026
- Annual tax
- $5,079
- Zoning
- R2-2
- Photos
- 50
- MLS#
- 40823759
- Area
- LONDON
Features and systems
Basement
Appliances
Heating
Cooling
Exterior
Foundation
Cash on cash
-6.78%
Cap rate
3.51%
GRM
16.7
Break-even rent
$4,178
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: 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
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 23, 2026.