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Listed 1 month ago

299 Bridgeport Road E

, Waterloo

$800,000

Detached|2-Storey
5 | 3 | 5
About this home

LIVE IN ONE UNIT AND RENT OUT THE OTHER-an incredible opportunity to have rental income help offset your mortgage while enjoying a beautifully renovated home. With over $300,000 in renovations, this stunning older home is currently configured as two completely separate, beautifully finished units, offering exceptional versatility for an owner-occupier, investor, or multi-generational family. The main-floor unit features two bedrooms, including an impressive oversized primary bedroom. The bright, spacious living room is filled with natural light and flows into a large eat-in kitchen. A three-piece bathroom with walk-in shower completes this level. The upper unit is truly spectacular, offering two bedrooms plus a den ideal for a home office, reading room, or additional living space. The soaring vaulted ceiling and glass detail surrounding the top of the staircase create a dramatic, open feel. The bright eat-in kitchen features an island overlooking the spacious living room, plus an additional area for an office, sitting room, or flex space. A three-piece bathroom with large walk-in shower completes the level. Abundant windows and pot lighting make this space exceptional. The current configuration is ideal to live in one unit while renting the other. Equally suited to investors or families seeking separate living spaces. For those looking for a single-family home, the current layout can easily be converted back. Simply remove one wall in the main-floor living room, and the main-floor bedroom can become a dining room, restoring a spacious traditional family-home layout. Outside, you'll find a large concrete driveway with parking for up to six vehicles, plus a double detached garage offering excellent parking, storage, and workspace options. Located close to highways, shopping, restaurants, schools, transit, and all amenities, this remarkable home offers the perfect combination of income potential, extensive renovations, and an incredible location.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style2-Storey
Approx. Age100+
Size2000-2500 sq. ft.
Property Tax$5,686
Lot Size55 ft x 118 ft
mls© NumberX13677504
Listed ByENGEL & VOLKERS TORONTO CENTRAL

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,095
Property tax
$474
Heat allowance
$150
Housing costs
$4,719 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $160,000
25-yr amortization

Income needed

$145,000

gross annual household income

Payment at 4%
$3,367 / mo
Cash down
$160,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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