$ 734,900
38 High Street
University Supermarket

38 High Street

Detached
Waterloo, Ontario N2L 3X8
3+3 2 2 1+3(4) 700-1100 sqft
3+3 2 2 1+3(4)
700-1100 sqft
$ 734,900
Sale
Taxes $6,131 2025
Maintenance None
Estimated Monthly Mortgage $1907
Estimated Closing Costs $--
University Supermarket

History

MLS®# X12744938

MLS®# X12744938

2026.02.19 Price Change (-$45,000) $734,900
2026.01.30 New $779,900

Details

Interior Rooms
MLS®#
copy
Type
Detached
Style
Bungalow
Size (sqft)
700-1100
Lot Size
50 × 130 Feet
Parking
4 Total Parking Spaces
1 Carport Garage
3 Parking Spaces
Last Update
2026-03-20
Possession Date
30/60 TBA
Listing Date
2026-01-30
Basement
Condo Apartment
Fireplace
N
Heating
Gas
Pool
None
Air Conditioning
Central Air
Broker
ROYAL LEPAGE SIGNATURE REALTY
Room(s) Stories
Length x Width ( Size )
Descriptions
Living Room Main
11.3ft x 21.3ft (239.2 ft2 ) 3.43m x 6.48m (22.2 m2 )
Kitchen Main
11.3ft x 14.8ft (167.9 ft2 ) 3.45m x 4.52m (15.6 m2 )
Primary Bedroom Main
9.4ft x 13.1ft (123.3 ft2 ) 2.87m x 3.99m (11.5 m2 )
Bedroom 2 Main
9.1ft x 12.5ft (113.6 ft2 ) 2.77m x 3.81m (10.6 m2 )
Bedroom 3 Main
9.1ft x 11.3ft (102.3 ft2 ) 2.77m x 3.43m (9.5 m2 )
Kitchen Basement
Contact Agent
Bedroom 4 Basement
10.7ft x 11.9ft (127 ft2 ) 3.25m x 3.63m (11.8 m2 )
Bedroom 5 Basement
7.2ft x 12.9ft (93.3 ft2 ) 2.2m x 3.94m (8.7 m2 )
Bedroom Basement
10.7ft x 14.8ft (157.4 ft2 ) 3.25m x 4.5m (14.6 m2 )
Utility Room Basement
9.8ft x 10.7ft (104.9 ft2 ) 3m x 3.25m (9.8 m2 )

About

Welcome To This Rare And Fully Compliant Investment Opportunity In The Heart Of Waterloo's Prime Student Corridor! This Well-Maintained 3+3 Bedroom Detached Bungalow Is Perfectly Positioned For Investors Seeking Strong, Consistent Rental Income In A High-Demand Location. The Main Floor Unit Offers Spacious Kitchen And Living Area, Three Generously Sized Bedrooms, and A Full Bathroom. The Legal Basement Unit Features Three Bedrooms, A Spacious Eat-In Kitchen, A Full Bathroom Providing Excellent Tenant Appeal And Privacy. This Property Boasts Two City Of Waterloo-Issued A3 Rental Licenses (3 Bedroom + 3 Bedroom) Making It A Fully Compliant And Turn-Key Student Rental Operation. Adding To Its Long-Term Value, The Property Is Located Within The Proposed Sugarbush South Initiative Under The City Of Waterloo's Housing Accelerator Fund, A Planning Framework Designed To Support And Fast-Track Higher-Density And "Missing Middle" Housing Opportunities. Situated Just Minutes From University Of Waterloo, Wilfrid Laurier University, Conestoga College, Public Transit, Shopping, Dining, And Everyday Amenities. Great For Investors or Parents Looking To House Their Kids While Attending Post Secondary School! A Rare Opportunity To Secure A Cash-Flowing Asset With Strong Upside Potential In One Of Waterloo's Most Desirable And Resilient Investment Locations.

The MLS® mark and associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.
The REALTOR® trademark is controlled by The Canadian Real Estate Association (CREA) and identifies real estate professionals who are members of CREA.

Investment Analysis

Estimated Monthly Costs
--
per month
Estimated Closing Costs
--
Property Tax $6,131 2025 year

Schools

JK - Grade12 University/College

Elementary (JK-G8)

Fraser Rank(2018) 1921 / 3052 English
English
Fraser Rank(2018) 993 / 3052 Catholic French
Fraser Rank(2018) 1062 / 3052 Catholic English
Fraser Rank(2018) 2026 / 3052 Catholic English

Secondary (G9-G12)

Fraser Rank(2023) 349 / 747 Secondary English AP
Fraser Rank(2023) 86 / 747 Secondary Catholic English AP
Fraser Rank(2023) 238 / 747 Secondary Catholic English AP
Fraser Rank(2023) 367 / 747 Secondary Catholic English AP
Wilfrid Laurier University - Main Campus 891 m
75 University Ave W, Waterloo, ON N2L 3C5
(519)884-1970
Wilfrid Laurier University - Martin Luther University College 891 m
75 University Ave W, Waterloo, ON N2L 3C5
(519)884-0710ext3234
Conestoga College - Waterloo Campus 970 m
108 University Avenue East, Waterloo, Ontario N2J 2W2
(519)885-0300

Neighbourhood

Groceries
T&T Supermarket 2.3 km
50 Westmount Road, Waterloo, ON

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