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297 Toll Gate Boulevard

Waterloo, ON N2L 4M5

ActiveFor Sale
5 Beds
2 Baths
700 Sq Ft
Multi-Family
Virtual Tour Available

About This Property

Welcome to this newly renovated (2025) legal duplex in the desirable lakeshore neighbour hood, totalling $150,000+ spent, perfect for multigeneration families and investors. The house was gutted to the studs (except upper bedrooms) in 2025, with brand new electrical, plumbing, framing, drywall, new separate electric panel, windows, sliding back door, deck, gutter, appliances, water heater, water purifier, sump pump, foundation water proofing and more! Lower unit (two bedrooms one bath) has walkin access from the garage, and the second walk up entrance (2025) to the yard, with enlarged looking out windows. Treed private yard is waiting for your personal touch. All equipment owned no rental. Plumbing and electrical ready to place a dishwasher to upper kitchen island. Basement brings in 1650 Plus Utilities (2025) while Main level brings in 2600 inclusive of Utilities (2025). Live in one of the unit and rent the other as mortgage helper, or rent both and enjoy positive cashflow and easy maintenance. This duplex is conveniently located within walking distance to University of Waterloo, and along bus route to both universities, shopping and other amenities.

Property Details

StatusActive
Property TypeMulti-Family
Listing TypeFor Sale
Interior Size700 sq ft
Bedrooms5
Bathrooms2
Postal CodeN2L 4M5
Last UpdatedSep 14, 2026 · 8:37 a.m.

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Features & Amenities

  • View
  • Air Conditioning
  • Basement

TRREB MLS® Attribution

MLS® X13732242

Listed by NU STREAM REALTY (TORONTO) INC.

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. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.

$798,000

asking price

MLS®X13732242
TypeMulti-Family
CityWaterloo
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$3,897

/month · $638,400 mortgage

Down Payment20% — $159,600
Interest Rate5.5%

Amortization

Total Interest

$530,622

Total Cost

$1,169,022

Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.

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Listed By

NU STREAM REALTY (TORONTO) INC.