22 James Street, Waterloo, ON N2J 2S9
Waterloo · Near via University Ave E & King St N · View map
About this home
Discover an exceptional investment opportunity in a vibrant Waterloo neighbourhood. This multiplex offers strong, dependable cash flow with over $80K in annual gross rental income, while providing excellent potential for future rental growth. The property comprises five self-contained apartments with a total of 10 spacious bedrooms and 5 full kitchens, making it an ideal addition to any investment portfolio. Offering peace of mind for both owners and tenants, the building is equipped with a hard-wired fire alarm system throughout all units and common areas. Positioned in a prime location just steps from Wilfred Laurier University, University of Waterloo, Conestoga College and vibrant Uptown Waterloo, the property benefits from consistent demand from students, faculty, and young professionals alike. Residents enjoy convenient access to the ION Light Rail, Waterloo Park, shopping, grocery stores, cafés, restaurants, fitness centres, entertainment venues, and the region's thriving technology corridor, home to many of Canada's leading employers. This property offers a compelling opportunity to increase revenue over time while benefiting from long-term appreciation. Whether you're expanding an established portfolio or acquiring your first multi-residential asset, this turnkey investment combines immediate income, future upside, and an unbeatable location.
The home
- Type
- Fourplex
- Style
- 2-Storey
- Square footage
- 2500-3000 sq ft
- Bedrooms
- 10
- Bathrooms
- 6
- Kitchens
- 5
- Rooms
- 19
- Basement
- Apartment
- Lot size
- 76 x 90.6 ft
- Faces
- North
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Electric
- Heating type
- Baseboard
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Driveway spaces
- 6
- Total parking
- 6
Taxes & other
- Property taxes
- $13,710/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- TBD
- Cross street
- via University Ave E & King St N
More
- Price per sq ft
- ~$581 (at 2,750 sq ft)
- MLS® number
- X14163818
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The home and its surroundings
- Public Transit
- School
- Park
- 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.
22 James Street, Waterloo, ON N2J 2S9
Waterloo · Near via University Ave E & King St N
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Listing history for 22 James Street
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 22 James Street
Answers come straight from this home’s MLS® listing.
How much is 22 James Street listed for, and what would it cost each month?
22 James Street is listed for $1,599,000. With 20% down ($319,800), the mortgage payment would be roughly $6,450 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $7,592 a month, all in. That figure is an illustration, not a quote.
Is 22 James Street freehold or a condo, and is there a monthly fee?
22 James Street is a fourplex 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 22 James Street have?
22 James Street has 10 bedrooms and 6 bathrooms. The listing gives the style as 2-storey.
Does 22 James Street have a garage and parking?
The listing does not show a garage. The driveway adds 6 spaces. In total the listing counts 6 parking spaces.
Does 22 James Street have a finished basement?
The listing describes the basement as apartment. 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 22 James Street?
22 James Street is a fourplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 22 James Street, and what is the lot size?
The listing puts the home between 2,500 and 3,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 76 x 90.6 ft.
How is 22 James Street heated and cooled?
Heating is baseboard (electric). Cooling is central air.
What are the property taxes for 22 James Street?
Property taxes are $13,710 a year (2026), or about $1,142 a month.
Where is 22 James Street?
22 James Street is in Waterloo. The nearest main intersection is via University Ave E & King St N. The postal code is N2J 2S9.
Is 22 James Street still for sale?
Yes. It is an active listing (MLS® X14163818). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 22 James Street asking?
Similar properties for sale nearby right now include 19 James Street at $1,249,900 (11 bed), 23 Fir Street at $1,310,000 (5+5 bed) and 264 Hazel Street at $1,296,000 (4+4 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 22 James Street 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 22 James Street?
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 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near Waterloo, picked by style, size and price.
Triplex$1,249,90019 James Street, Waterloo11 bed · 4 bathCourtesy of: ROYAL LEPAGE WOLLE REALTYView home →
Duplex$1,310,00023 Fir Street, Waterloo5+5 bed · 4 bathCourtesy of: RE/MAX REAL ESTATE CENTRE INC.View home →
Duplex$1,296,000264 Hazel Street, Waterloo4+4 bed · 2 bathCourtesy of: RE/MAX REAL ESTATE CENTRE INC.View home →Courtesy of: SAM MCDADI REAL ESTATE INC.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.