172 Elgin Crescent, Waterloo ON N2J 2S6

Live Upstairs, Rent Out the Lower Level – Licensed Dwelling with Walkout Basement in Prime Waterloo Location
Upper level vacant – turnkey investment opportunity or ideal mortgage helper! This outstanding LICENSED 2-unit brick bungalow with loft and walkout basement is just steps to Uptown Waterloo, WLU, University of Waterloo, Conestoga College, shopping, and the LRT. Perfect for investors, multi-generational families, or parents seeking student housing.
The main level offers a bright, functional layout with two bedrooms plus a loft bedroom, an eat-in kitchen with updated counters and faucet (2022), living room, and a 3-piece bath. Hardwood floors in the bedrooms, fresh paint, vinyl plank flooring in the living room and hallway, and a charming enclosed front porch add warmth and character.
The fully finished walkout lower level, renovated in 2017, features large windows, a private entrance, a spacious family room with direct access to a covered patio, two bedrooms, a 4-piece bathroom, and a stylish second kitchen. The lower unit also includes a large utility room, laundry with full-size stackable washer/dryer (2020), cold cellar, and plenty of storage.
Upgrades & Features:
50-year steel roof, furnace (2022)main floor fridge (2024),Vinyl plank flooring (2019), basement windows (2018/2019), water softener (2019)Eavestroughs & garage door (2020)Custom window blinds in basement (2022)
The deep, fully fenced backyard includes a 9’ x 12’ shed—perfect for extra storage or creative future use.
With a valid Waterloo rental license, this home is move-in or rent-out ready, offering excellent income potential in one of the region’s most sought-after locations.This one checks all the boxes—don’t miss your chance to own a versatile, income-generating property in Uptown Waterloo. The extra income covers a $335,000 mortgage Great opportunity for home ownership .