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Investment Highlights

  • Portfolio of five student housing properties with a total of 233 beds near Wilfrid Laurier University and University of Waterloo.
  • Well-maintained assets built between 2003 and 2012, reducing immediate capital requirement for updates.
  • Excellent transportation access, including multiple commuter rail stations within a 4-minute drive and Kitchener/Waterloo Airport within 25 minutes.
  • Consists primarily of 5-bedroom, 2-bathroom layouts designed for student living, with some smaller configurations included.
  • Prime location with walkability to Wilfrid Laurier (16 minutes) and just a short 2-minute drive to University of Waterloo.
  • Surrounded by retail and dining options, including University Square, Parkdale Plaza, and University Shops Plaza within a 15–20-minute drive.

Executive Summary

233 beds in total in 5 buildings, sold with 26 Columbia St W., 35 Columbia St W., 41 Columbia St W., 61 Columbia St W., and 347 Spruce St. Waterloo

Data Room Click Here to Access

Property Facts

Price $7,100,000 CAD
Price Per Unit $30,472 CAD
Sale Type Investment
Sale Condition Bulk/Portfolio Sale
No. Units 233
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.14 AC
Building Size 20,000 SF
Average Occupancy 100%
No. Stories 3
Year Built 2010
Parking Ratio 0.75/1,000 SF

Amenities

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Recycling
  • Smoke Free
  • Storage Space
  • Conference Rooms

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
5+2 12 $900.00 CAD -
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
70/100
Moderately bikeable
60/100
  • Listing ID: 34394082

  • Date on Market: 2025-01-07

  • Last Updated:

  • Address: 61 Columbia St W, Waterloo, ON N2L 3K4

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