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45 Columbia Street W
Waterloo Waterloo N2L 3K4

$6,990,000 /For Sale
Commercial

Main Photo: 45 Columbia Street W in Waterloo: Commercial for sale : MLS®# X14166842
Photo 1: 45 Columbia Street W in Waterloo: Commercial for sale : MLS®# X14166842
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
X14166842
Bus Major:
Apts - 13 To 20 Units
Built in 2011 Exceptional Investment Opportunity in the Heart of Waterloo! Ideally situated between Wilfrid Laurier University and the University of Waterloo, this impressive multi-residential/student housing property offers outstanding income potential in one of Waterloo's most sought-after student rental locations. , the building features 13 spacious units with a total of 65 bedrooms, offering significant potential to capitalize on the area's strong student housing demand. Each generously sized suite features 5 bedrooms, 2 bathrooms, spacious common areas, large hallways, ceramic and laminate flooring, dark cabinetry and Juliette balconies. Additional highlights include energy-efficient HVAC systems in each unit, separate hydro and gas meters, secure entry with video surveillance, onsite coin-operated laundry and dedicated bike storage. Surrounded by shopping malls, restaurants, entertainment and convenient public transit, this prime location places residents just moments from two major universities. A rare opportunity to invest in a substantial multi-residential property in a thriving university market with excellent long-term potential! Annual Fire Inspection Certificate 2026 Digital Keys and Lock Replacement 2026 Roof Inspection & Maintenance 2026 Replacement of 19 Windows 2025 Water Tank Replacement for the 13 units 2024 Debit/Credit Laundry Machine Replacement 2020 Whole Property Painting
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Approx. Age:
6-15
Total Area:
2100 sq. ft. Square Feet
Total Area:
2,100 sq. ft.
Retail Area:
0 sq. ft. %
Industrial Area:
0 sq. ft. %
Office/Apt Area:
0 sq. ft. %
Lot Depth:
136'3"
Lot Frontage:
100'1½"
Water supply:
Municipal
Zoning:
HRN8
Heating type:
Gas Forced Air Open
Garage:
Covered
Parking Spaces:
13
Possession Details:
TBA
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$59,919 / 2025
Assessment:
$- / -
Waterloo
Waterloo
Yes
None
No
Utilities:
Yes
Sewers:
Sanitary
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
No
Condo Fee:
$0
Major Business Type:
Apts - 13 To 20 Units
Category:
Apartment
Franchise:
No
Days Open:
Open 7 Days
Employees:
0
Chattels:
No
LLBO:
No
Seats:
0
Number of Double Man Shipping Doors:
0
Number of Truck Level Shipping Doors:
0
Date Listed:
Nov 10, 2026
Original Price:
Previous Price:
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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Data was last updated November 10, 2026 at 11:15 PM (UTC)
DARYL  KING
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Why Invest in Apartment Buildings for Sale?

Owning an apartment building for sale provides unique advantages:

  • Multiple rental units generate consistent monthly income
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  • Opportunity to increase property value through renovations and upgrades
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When evaluating apartment buildings for sale, consider:

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  • Current rental income and future appreciation potential

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FAQs – Apartment Buildings for Sale

1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

3. Can first-time investors buy apartment buildings?
Yes, many financing options are available for new investors, including CMHC-backed loans and commercial mortgages.

4. How many units are considered an apartment building?
Typically, any property with five or more units is classified as an apartment building for investment purposes.

5. Where can I find apartment buildings for sale?
You can find listings across major cities and growing suburbs where rental demand remains strong.