621 Rue Eastern, Waterloo, QC J0E2N0    $389,000

Well-maintained 4-plex generating stable income with reliable tenants in place. Situated on a large lot with the possibility of subdivision and additional construction, conditional upon municipal approval. Numerous renovations completed in recent years. Double-size garage and ample basement storage space. A solid, turnkey investment offered at a competitive price. Schedule your visit today! See ADDENDUM.

Discover this well-maintained 4-plex offering strong,
reliable income and outstanding future potential. Situated
on a generously sized lot, this property presents a rare
opportunity for added value -- with the possibility of
subdividing and building an additional structure,
conditional upon municipal approval.

The building has benefited from numerous renovations in
recent years, ensuring long-term durability and reduced
maintenance concerns for the next owner. A double-size
garage provides excellent utility and additional rental or
storage potential, while the spacious basement offers
abundant storage space for tenants.

With stable, reliable tenants already in place, this is a
turnkey investment delivering immediate income and
long-term growth potential. Offered at a competitive price,
this solid multi-family property is an excellent addition
to any real estate portfolio. Schedule your visit today!

DESCRIPTION:

- The neighbor rents a part of the garage for 75$ per month
- All 4 units have renewed their lease Until June 30th, 2027
- The rent for 621 come July 1st 2026 will be 593$ per month
- The rent for 623 come July 1st 2026 will be 623$ per month
- The rent for 625 come July 1st 2026 will be 583$ per month
- The rent for 627 come July 1st 2026 will be 628$ per month


PROXIMITY:

- Close to highways 112, 241
- Less than 5 minutes by car to daycares: Centre de la
Petite Enfance Buissonnière, Centre de la Petite Enfance
Les Jeunes Pousses Inc, Espace Familles Waterloo et région
- Less than 5 minutes by car to primary schools: École
primaire anglophone de Waterloo, École de
l'Orée-des-Cantons, École Wilfrid-Léger
- 3 minutes by car to Metro grocery store
- Several parks nearby