139 Elgin Crescent, Waterloo, ON N2J 2S5
Waterloo · Near Brighton Street · View map
About this home
nvestor Alert - Rare Opportunity to Acquire a Fully Stabilized, Rental Licensed 3+3 Bedroom Property in One of Waterloo's Most Proven Rental Locations.Welcome to 139 Elgin Crescent, a turnkey income-producing asset offering the combination investors are actively seeking: strong cash flow, excellent tenant quality, and long-term income certainty. The property is fully leased under a multi-year agreement through to at least April 30, 2027, generating $5,970 per month plus utilities ($71,640 annually), providing immediate cash flow with virtually no leasing risk.This home with registered accessory apartment features two self-contained 3-bedroom units, each with its own kitchen and bathroom, making it ideally configured for the Waterloo student rental market. Situated on a mature 50 foot x 127 foot lot within walking distance of Wilfrid Laurier University, the University of Waterloo, Uptown Waterloo, shopping, restaurants, transit and everyday amenities, the location has consistently demonstrated strong tenant demand.The property has benefited from numerous updates over the years, including roof, furnace, air conditioning, wiring, plumbing and bathroom updates. Recently completed vinyl plank flooring throughout the main floor living room, hallway and all three upstairs bedrooms provides a fresh, modern appearance while offering the durability investors appreciate.Additional features include large basement egress windows, shared laundry, an attached garage (real bonus in this area), double-wide driveway parking, fenced backyard and an expansive stone patio. Whether you're expanding an existing portfolio or seeking a dependable hands-off investment in one of Ontario's perennially strongest rental markets, this is a rare opportunity to acquire a fully licensed, fully leased, and professionally maintained rental asset with predictable income already secured well into 2027. A true turnkey investment-buy today and collect strong rent tomorrow.
The home
- Type
- Bungalow
- Style
- Bungalow
- Square footage
- 700-1100 sq ft
- Bedrooms
- 3
- Basement bedrooms
- 3
- Bathrooms
- 2
- Kitchens
- 2
- Rooms
- 6
- Basement
- Walk-Up, Finished, Separate Entrance
- Lot size
- 50.1 x 127.3 ft
- Faces
- North
- Approximate age
- 51-99 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick Veneer, Shingle
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Garage
- Attached
- Garage spaces
- 1
- Driveway spaces
- 2
- Total parking
- 2
Taxes & other
- Property taxes
- $6,746/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- Brighton Street
More
- Price per sq ft
- ~$1,111 (at 900 sq ft)
- Listed
- Jul 4, 2026 · 101 days ago
- MLS® number
- X13522576
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The home and its surroundings
- Accessory Apartment
- Carpet Free
- In-Law Suite
- In-Law Capability
- Primary Bedroom - Main Floor
- Water Heater Owned
- Water Softener
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
Schools nearby
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Your commute
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Listing history for 139 Elgin Crescent
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 139 Elgin Crescent
Answers come straight from this home’s MLS® listing.
How much is 139 Elgin Crescent listed for, and what would it cost each month?
139 Elgin Crescent is listed for $999,900. With 20% down ($199,980), the mortgage payment would be roughly $4,033 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $4,595 a month, all in. That figure is an illustration, not a quote.
Is 139 Elgin Crescent freehold or a condo, and is there a monthly fee?
139 Elgin Crescent is a bungalow in Waterloo. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 139 Elgin Crescent have?
139 Elgin Crescent has 3 bedrooms, plus 3 more bedrooms in the basement, and 2 bathrooms.
Does 139 Elgin Crescent have a garage and parking?
Yes. The listing shows the garage as attached, with room for 1 car. The driveway adds 2 spaces. In total the listing counts 2 parking spaces.
Does 139 Elgin Crescent have a finished basement?
The listing describes the basement as walk-up, finished, separate entrance. It counts 3 bedrooms on that level. Finished basement space is usually not counted in the square footage shown. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 139 Elgin Crescent?
139 Elgin Crescent is a bungalow. A bungalow has all of its main living space, including the bedrooms, on one floor, usually over a full basement.
How big is 139 Elgin Crescent, and what is the lot size?
The listing puts the home between 700 and 1,100 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 50.1 x 127.3 ft.
How is 139 Elgin Crescent heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 139 Elgin Crescent?
Property taxes are $6,746 a year (2026), or about $562 a month.
Where is 139 Elgin Crescent?
139 Elgin Crescent is in Waterloo. The nearest main intersection is Brighton Street. The postal code is N2J 2S5.
How long has 139 Elgin Crescent been on the market?
139 Elgin Crescent was listed on July 4, 2026. It has been on the market for 101 days. It is an active listing (MLS® X13522576). Listings here update from the board through the day and come down once a home sells.
What are similar bungalows near 139 Elgin Crescent asking?
Similar bungalow-style homes for sale nearby right now include 217 Mayfield Avenue at $849,900 (3+2 bed), 598 Black Oak Crescent at $779,900 (3+1 bed) and 53 Helene Crescent at $749,000 (3+3 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 139 Elgin Crescent sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 139 Elgin Crescent?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-619-2256.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar bungalows nearby
More bungalow-style homes for sale near Waterloo, picked by style, size and price.
Bungalow$849,900217 Mayfield Avenue, Waterloo3+2 bed · 2 bathCourtesy of: THE AGENCYView home →
Bungalow$779,900598 Black Oak Crescent, Waterloo3+1 bed · 2 bathCourtesy of: RE/MAX METROPOLIS REALTYView home →
Bungalow$749,00053 Helene Crescent, Waterloo3+3 bed · 2 bathCourtesy of: RE/MAX TWIN CITY REALTY INC.View home →Courtesy of: ROYAL LEPAGE WOLLE REALTY
PropTx MLS® assumes no responsibility for the accuracy of any information shown. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.