285 Albert Street W, Waterloo - Listed at $599,999. | Modern Solution Realty

285 Albert Street W, Waterloo

285 Albert Street W in Waterloo - 4 bedroom, 2 bathroom. Listed at $599,999.

**WATERLOO CORNER LOT HOME | INVESTMENT & FUTURE DEVELOPMENT OPPORTUNITY | $599,999**Strategically positioned at **Albert Street & Hickory Street**, this approximately **7,340 sq. ft. corner lot** offers multiple possibilities-**live in it, rent it, invest in it or explore its future potential**, change to current use subject to planning, zoning (it is zoned RN6), servicing and municipal approvals. This well-maintained brick home offers **over 1,800 sq. ft. of finished living space**, featuring **4 bedrooms, 2 bathrooms, a functional layout, separate basement entrance, attached single-car garage and ample parking**. The private backyard features an **inground pool, mature landscaping and patio area**, providing an ideal setting for family enjoyment and entertaining. For homeowners, this is an opportunity to own a spacious property in a highly desirable Waterloo location, minutes from the **University of Waterloo, Wilfrid Laurier University, shopping, restaurants, transit, parks and everyday amenities**.For investors, the four-bedroom layout, university proximity and established student-rental history offer attractive possibilities, subject to current City of Waterloo requirements. The property was previously licensed as a **Class B 4-bedroom rental through March 31, 2026**.For future-minded investors or developers, the **prominent corner location and approximately 7,340 sq. ft. lot** provide an opportunity to explore longer-term potential. **Three adjacent Albert Street properties are also available for sale**, allowing interested purchasers to investigate a potential larger land assembly and future redevelopment possibilities, subject to planning, zoning, servicing and municipal approvals.**A rare combination of location, land, flexibility and opportunity in Waterloo.**

Property Details

  • Property Type: Mortgage
  • Style: 1 1/2 Storey
  • Square Footage: 1300 sqft
  • Basement: Finished
  • Heating: Gas
  • Cooling: Central Air
  • Parking: 3 spaces
  • Property Taxes: $6,688.65/yr
  • Postal Code: N2L 3T9

View photos, details, and schedule a showing with Modern Solution Realty. 1% commission listing services available.