98 Waterloo Avenue, Guelph

$889,000
98 Waterloo Avenue

$889,000

New
23d
Duplex2-Storey

98 Waterloo Avenue, Guelph

Total Monthly Obligation $4,397

Beds
4
Baths
3
Park
4
Sqft
2000-2500
DOM
23d
Score
16
Yield
3.8%
Cash on Cash
-7.8%
Cap Rate
2.9%
5Y IRR
9.4%
10Y IRR
9.8%
Property Type-Duplex
MLS® Number-X13844620
Beds-4
Bathrooms-3
Size-2000-2500 sqft
Lot Size-51.82 × 83.59 ft
Listed on site-Sep 30, 2026
Style-2-Storey
Building Type-Duplex
Taxes-$5,227 (2026)
Parking-4 - None
Basement-Exposed Rock, Unfinished
Heating-Forced Air (Gas)
Brokerage-Royal LePage Royal City Realty
Cooling-Central Air
Laundry-No
Fireplace-Living Room, Electric
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Stone
Sewer-Sewer
Possession-Flexible
Neighbourhood-Downtown
Title-Residential Freehold

No agent assigned

98 Waterloo is a strong investment opportunity in the heart of Guelph. A short walk from Benjamin Bodegas Cafe, the shops and restaurants Downtown Guelph has to offer, the Speed River, parks, transit and boasts a strong walkability score. Enjoy your own private backyard space and additional dry storage for tenants and or the landlord in the unfinished basement. Inside the main floor unit, the mudroom provides the perfect multi-use room for storage and seasonal wear. A sliding door takes you outside onto the large 11ft x 14ft upper deck, which is a private and tranquil place to bird watch or enjoy your morning coffee. Inside, the large kitchen with eat in area are the heart of this unit. The sunlight directly above the kitchen table fills the space with natural light. Tenants and or, live in landlords, will appreciate the quality, stainless steel appliances in the kitchen. In unit-laundry and TWO four-piece bathrooms make this unit ideal for small families and or two people. The living room is extremely generous and hones in on the original character of the home; an electric fireplace, large windows and high ceilings create a homey, yet grand living room. Home to two bedrooms, the primary having a built in-wardrobe and four-piece ensuite, this unit combines versatile finishes with a large floor-plan for maximum desirability. Upstairs, the second unit includes a large living space which is open to the kitchen. In the back of the unit, a recently updated three-piece bathroom and laundry closet create functionality. Two bedrooms complete this space, making it ideal for one, or two occupants. Off the back bedroom, is a charming rooftop balcony; a unique feature of this home. Both units are currently tenanted, however, the main floor tenants have provided formal notice of leave in December 2026. If you are looking for a turn-key investment property in the heart of Guelph, this is a great chance to expand or start your portfolio.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$711,200
Land Transfer Taxes$14,255
Legal Fees (Est.)
$
Total cash required for closing$193,555

Total Monthly Obligation

$4,397/mo
Mortgage $3,586
Monthly Loss $3,453
Principal$944
Interest$2,642
Property Tax$436
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.3%14
Cash-on-Cash
-11.8%0
5-Year IRR
6.3%15
10-Year IRR
7.7%
Returns Index
9.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$33,540/yr
NOI
$20,459/yr
Net Cash Flow
-$1,881/mo
Cash Margin
-67.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.484
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo35
Risk Index
19.1/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 98 Waterloo Avenue

Time

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