Attention Homeowners and Investors! Rare opportunity to own this beautifully 3+3 bedrooms home with significant income potential. This stunning home sits on a huge 52x125 ft lot where your family can live in one unit and rent out the other separate unit to offset your mortgage. The fully finished walk-out basement with a separate entrance and above-grade windows offers excellent additional income potential with its own kitchen, bathroom and laundry room. 10 min bus ride to University of Waterloo, flexibility to use as a high-income student rental generating significant positive cash flow. Conveniently located, you'll find yourself close to shopping, schools, parks, LRT, and public transit. With easy access to highways, community centers, conservation areas, and prestigious universities, this home perfectly balances suburban tranquility with urban convenience. Digitally staged for illustration purposes only. Perfect for a variety of buyers: first-time homeowners seeking a large lot, parents looking for a prime location and a meticulously maintained home for their university-bound children, or investors targeting a strong rental market with future development opportunity - this property checks all the boxes. Whether you are an investor seeking high cash flow or a homeowner looking for a mortgage helper, this property is a must-see! Don't miss your chance to own this impeccable home. Schedule your showing today and make your homeownership dreams a reality!
For sale
C$799,999
194 Cedarbrae Ave, Waterloo, ON N2L 4S5
6beds
2baths
Duplex
Built in ----
-- sqft lot
$-- Zestimate®
C$--/sqft
C$-- HOA
What's special
Fully finished walk-out basementAbove-grade windowsMeticulously maintained homeImpeccable home
- 79 days
- on Zillow |
- 4 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: July 28, 2025 at 01:15pm
Listed by:
ROYAL LEPAGE SIGNATURE REALTY
Source: TRREB,MLS®#: X12155430
Originating MLS®#: Toronto Regional Real Estate Board

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
Bedroom
- Level: Upper
- Dimensions: 4 x 3
Bedroom
- Level: Lower
- Dimensions: 3 x 2.7
Bedroom 2
- Level: Upper
- Dimensions: 3.7 x 3
Bedroom 3
- Level: Upper
- Dimensions: 2.2 x 2.7
Bedroom 4
- Level: Lower
- Dimensions: 3.3 x 3
Bedroom 5
- Level: Lower
- Dimensions: 3 x 3
Bathroom
- Level: Lower
- Dimensions: 1.2 x 3
Bathroom
- Level: Upper
- Dimensions: 2.4 x 2.5
Dining room
- Level: Upper
- Dimensions: 2.8 x 3.7
Foyer
- Level: Upper
- Dimensions: 2 x 3
Other
- Level: Lower
- Dimensions: 2 x 2
Kitchen
- Level: Lower
- Dimensions: 3 x 2.7
Kitchen
- Level: Upper
- Dimensions: 3.5 x 3.5
Living room
- Level: Upper
- Dimensions: 3.4 x 3.5
Heating
- Forced Air, Gas
Cooling
- Central Air
Appliances
- Included: Countertop Range, Water Heater Owned
Features
- Atrium, Floor Drain, Guest Accommodations, Primary Bedroom - Main Floor, Separate Hydro Meter, Storage, Suspended Ceilings, Upgraded Insulation, Water Meter
- Flooring: Brick & Beam
- Basement: Finished with Walk-Out,Separate Entrance
- Has fireplace: Yes
Interior area
- Living area range: 1100-1500 null
Property
Parking
- Total spaces: 5
- Parking features: Garage
- Has garage: Yes
Features
- Pool features: None
Lot
- Size: 6,500 Square Feet
Details
- Other equipment: Ventilation System
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow-Raised
- Property subtype: Duplex
Materials
- Brick, Concrete
- Foundation: Concrete
- Roof: Asphalt Shingle
Utilities & green energy
- Sewer: Sewer
Community & HOA
Location
- Region: Waterloo
Financial & listing details
- Annual tax amount: C$4,301
- Date on market: 5/16/2025
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