About 54 High Street
Prime Investment Opportunity – 5-Bedroom Licensed Rental with Future Development Potential! This rare 5-bedroom, 3-full-bath single detached home is a turnkey investment featuring a single deep garage with 4 parking spaces in the driveway. Holding a Class D - Class 2 rental license and located just minutes from two major universities, this property is ready for immediate rental income. Recent upgrades include 2019 air conditioners and a hot water heater, as well as bathroom sink updates from 2019-2020. The home also offers a main floor office for remote work and boasts new flooring in the third-floor bedrooms, while an insulated garage door adds to its energy efficiency. Incorporated with the city’s “Missing Middle” housing initiative, this property is currently undergoing a zoning change that will allow for multi-unit development, unlocking exciting opportunities for expansion or redevelopment. Don’t miss this unique chance to secure a high-demand rental in a prime location with significant future value potential! For more details on the zoning changes, visit: Waterloo HAF Initiative.
Features of 54 High Street
| MLS® # | 40708528 |
|---|---|
| Price | $938,000 |
| Bedrooms | 5 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Square Footage | 1,658 |
| Acres | 0.00 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Sidesplit |
| Status | Active |
Community Information
| Address | 54 High Street |
|---|---|
| Area | 4 - Waterloo West |
| Subdivision | 421 - Lakeshore/Parkdale |
| City | Waterloo |
| County | Waterloo |
| Province | ON |
| Postal Code | N2L 3X8 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Parking | Attached Garage, Asphalt |
| # of Garages | 1.00 |
| Is Waterfront | No |
Interior
| Interior Features | Central Vacuum |
|---|---|
| Appliances | Water Heater, Dryer, Refrigerator, Stove, Washer |
| Heating | Electric, Forced Air, Natural Gas |
| Cooling | Central Air |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Full, Finished |
Exterior
| Lot Description | Urban, High Traffic Area, Hospital, Library, Place of Worship, Public Transit, Regional Mall, Schools, Shopping Nearby |
|---|---|
| Roof | Asphalt Shing |
| Construction | Brick, Block, Wood Siding |
| Foundation | Poured Concrete |
Additional Information
| Date Last Updated | June 15th, 2025 |
|---|---|
| Zoning | SR2 |
Listing Details
| Office | ROYAL LEPAGE WOLLE REALTY |
|---|