4 Cardill Crescent Waterloo, Ontario N2L 3Y6
$750,000
Welcome to 4 Cardill Crescent – A Rare, Turnkey Investment in Waterloo’s Sugarbush Neighbourhood! This cash flow positive property generates over $57,000 in annualized gross income through August 2026, with potential to grow. With 35% down, this investment can work for you from day one. A City-approved Class D1 rental license makes this a fully compliant, turnkey student rental operation—an uncommon find in Waterloo. The main floor features a spacious common area, modern baseboards, and thin plank hardwood flooring in the bedrooms. The lower level offers generously sized bedrooms with oversized egress windows for safety and comfort. Updated vinyl windows throughout improve efficiency and curb appeal. A large detached garage provides excellent potential for landlord storage or conversion into an additional income stream. Located within a 10-minute walk to both Wilfrid Laurier University, the University of Waterloo, and Conestoga College the property is ideally positioned to serve over 57,000 students. Situated in the prestigious Sugarbush neighbourhood, the property benefits from the proposed Sugarbush South Corridor Expansion Initiative and is adjacent to Northdale, where values surged after Mixed-Use zoning was passed. Now zoned R9, the site offers long-term redevelopment potential—warehouse the site while awaiting a knock on the door from a developer. This home suits a wide range of buyers. First-time homeowners can offset their mortgage with rental income. Multi-generational families will appreciate the space. University and tech professionals will enjoy the proximity to work. Parents of students will value the location. Investors will see strong rental potential in one of Ontario’s top-ranked markets. An investor worksheet is available. With flexible closing, this is your chance to secure a high-performing property in a growing area. Schedule your private showing today! (id:63008)
Property Details
| MLS® Number | 40757429 |
| Property Type | Single Family |
| AmenitiesNearBy | Public Transit, Schools |
| EquipmentType | Water Heater |
| Features | Paved Driveway |
| ParkingSpaceTotal | 4 |
| RentalEquipmentType | Water Heater |
Building
| BathroomTotal | 2 |
| BedroomsAboveGround | 4 |
| BedroomsBelowGround | 4 |
| BedroomsTotal | 8 |
| Appliances | Dryer, Microwave, Refrigerator, Stove |
| ArchitecturalStyle | Bungalow |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| ConstructedDate | 1965 |
| ConstructionStyleAttachment | Detached |
| CoolingType | None |
| ExteriorFinish | Brick Veneer |
| FoundationType | Poured Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 1 |
| SizeInterior | 2146 Sqft |
| Type | House |
| UtilityWater | Municipal Water |
Parking
| Detached Garage |
Land
| Acreage | No |
| LandAmenities | Public Transit, Schools |
| Sewer | Municipal Sewage System |
| SizeDepth | 130 Ft |
| SizeFrontage | 51 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | R9 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | 3pc Bathroom | Measurements not available | ||
| Basement | Kitchen | 5'2'' x 7'3'' | ||
| Basement | Recreation Room | 13'0'' x 6'7'' | ||
| Basement | Bedroom | 8'1'' x 11'11'' | ||
| Basement | Bedroom | 12'6'' x 9'9'' | ||
| Basement | Bedroom | 9'4'' x 11'0'' | ||
| Basement | Bedroom | 12'8'' x 10'10'' | ||
| Main Level | Living Room | 16'1'' x 12'0'' | ||
| Main Level | Kitchen | 9'3'' x 10'10'' | ||
| Main Level | Bedroom | 9'11'' x 11'11'' | ||
| Main Level | Bedroom | 9'4'' x 11'1'' | ||
| Main Level | Bedroom | 9'9'' x 9'11'' | ||
| Main Level | Bedroom | 9'4'' x 9'3'' | ||
| Main Level | 4pc Bathroom | Measurements not available |
https://www.realtor.ca/real-estate/28954790/4-cardill-crescent-waterloo
Mike Milovick
Broker
71 Weber Street E., Unit B
Kitchener, Ontario N2H 1C6
Jennifer Shingler
Salesperson
180 Northfield Drive W., Unit 7a
Waterloo, Ontario N2L 0C7
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October 06 2025 02:31:30
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