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86 ALBERT Street, Waterloo, Ontario

$899,900

6 Beds
2 Baths
2,233 Square Feet

Welcome to 86 Albert Street – A Rare Opportunity in the Heart of Waterloo! Discover the potential of this charming home located in the prestigious Albert-MacGregor Heritage Conservation District. Offering over 2300+ finished square feet across three and a half levels, this property blends timeless character with modern versatility. Original features such as thin plank hardwood flooring, wide wood baseboards, and French doors add warmth and charm, while the loft-style upper level and high basement ceilings provide unique and functional living spaces. Currently configured as two separate three-bedroom units, each with recently renewed, City-approved rental licenses and in-suite laundry, this home has the potential to generate an impressive $64,800 in gross annual income. A simple removal of one wall on the main floor easily converts the home back to a spacious single-family residence. Situated just steps from Uptown Waterloo, Waterloo Park, and within walking distance to Wilfrid Laurier University and the University of Waterloo, this location offers unmatched convenience. Enjoy easy access to vibrant shops, restaurants, cafes, and nightlife – perfect for those who appreciate urban living. Whether you're a first-time buyer seeking a mortgage helper, a multi-generational household, a university or tech professional, a parent investing in housing for university-bound children, or an investor looking for strong rental returns, this property checks all the boxes. Don't miss out on this exceptional opportunity – contact your REALTOR® today to schedule a private showing! (id:23309)

Listing ID: 40780616
Property Type: Single Family
Year Built: 1922

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Rooms

Level	Type	Dimensions
Primary Bedroom	Second level	11'0'' x 11'7''
Kitchen	Second level	13'8'' x 10'7''
Dining room	Second level	11'8'' x 6'9''
Bedroom	Second level	9'11'' x 9'7''
Bedroom	Second level	9'11'' x 10'0''
4pc Bathroom	Second level	6'4'' x 6'7''
Loft	Third level	23'10'' x 31'1''
Cold room	Basement	8'9'' x 7'8''
Utility room	Basement	12'2'' x 11'9''
Bedroom	Basement	9'6'' x 10'6''
Bedroom	Basement	11'0'' x 13'7''
Living room	Main level	14'2'' x 15'10''
Kitchen	Main level	11'5'' x 11'2''
Foyer	Main level	5'10'' x 11'4''
Bedroom	Main level	13'9'' x 11'4''
3pc Bathroom	Main level	8'8'' x 5'10''

Details

Amenities Nearby: Park, Place of Worship, Playground, Schools
Equipment: None
Features: In-Law Suite
Ownership: Freehold
Parking Spaces: 2
Rental Equipment: None
Transaction: For sale
Zoning Description: RC1

Building

Appliances: Water meter
BasementType: Full (Finished)
Basement Development: Finished
Bedrooms Main Level: 4
Bedrooms Lower Level: 2
Constructed Date: 1922
Constructed Material: Wood frame
Construction Style Attachment: Detached
Cooling: None
Exterior Finish: Brick, Stucco, Wood
Fireplace Present: True
Fireplace Total: 1
Fireplace Type: Other - See remarks
Fire Protection: Smoke Detectors
Foundation: Stone
Bathrooms (Total): 2
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 2233 sqft
Stories Total: 2.5
Type: House
Utility Water: Municipal water

Land

Amenities: Park, Place of Worship, Playground, Schools
Sewer: Municipal sewage system
Size Frontage: 46 ft
Size Total: 0|under 1/2 acre

Listing provided by Royal LePage Wolle Realty
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 86 ALBERT Street in Waterloo Ontario. It was last modified on October 22nd, 2025. Contact Robert Bumelis to schedule a viewing or to discover other Waterloo properties for sale.

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