$700,000
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553 Teakwood Drive, Waterloo, ON N2L4L5

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7 Beds
2 Baths
2,022 Sq Ft

7 bedroom licenced rental. Currently: Class A - 3 bedroom rental licence for the upper level & Class A - 4 bedroom rental licence for the lower level. This unique property stands out as a perfect choice for investors, particularly those who are parents of university students, offering a smart way to manage living arrangements while expanding your investment portfolio. Highlights Design: A well-planned 3-bedroom bungalow complemented by a secondary 4-bedroom basement unit, featuring a separate side entrance for privacy and independence Capacity: Boasting total 7 bedrooms in total, this property is well-equipped to accommodate a significant number of tenants Amenities: 2 fully functional kitchens, spacious living areas, and separate laundry facilities cater to all the needs of student life Location: Nestled in a quiet, safe residential neighbourhood, this property ensures a peaceful study environment Accessibility: Just a 5-minute bus ride to the University of Waterloo, with the #9 bus stop right outside the front door. For those who prefer walking, the university is a comfortable sub-30-minute stroll away Convenience: Grocery, drugstores, and restaurants are within a 2km radius; a breezy 18-minute bus ride. Conestoga Mall and transit links are 20 mins Maintenance: The property is neat, tidy, and has been meticulously maintained, ensuring a hassle-free investment Parking: A double-wide driveway provides ample space for up to 4 vehicles Outdoors: A sizable yard, perfect for al-fresco study sessions, summer barbecues, and various lawn games Additionally, a free-standing shed offers convenient bicycle storage. This property is not just a residence; it's a lifestyle choice for students seeking convenience, comfort, and a sense of community. As an investor, you're not just offering a place to stay; you're creating a home away from home for students, with the added benefit of a robust investment in one of Ontario's thriving educational hubs. (id:58753)

Listing By: KEVIN REITZEL - Keller Williams Innovation Realty cncrea2 Realty.com
  • MLS® 40813866
  • Date Listed03/20/2026
  • Days on Realty 77 Days
  • Bedrooms 7
  • Bathrooms 2 baths
  • Lot Size -
  • Sewer Public Sewer
  • Subdivision 421 - Lakeshore/Parkdale
  • Property Type Duplex
  • Year Built 1967
  • Water Public
  • Square Feet 2,022 sq. ft
  • Price Per Sq. Ft $346.19

Interior Features

  • Cooling None
  • Heating Forced air, Natural gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features Paved driveway, Crushed stone driveway

Directions

Corner of Glen Forrest Blvd and Teakwood Dr

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for N2L4L5

Discover key demographics, population statistics, and environmental insights for the Waterloo, ON area.

Walkability in ON / N2L4L5

Source: Walk Score

73/100

Very Walkable

Walk Score ®

46/100

Some Transit

Transit Score ®

89/100

Very Bikeable

Bike Score ®

Overview

Most errands can be accomplished on foot. A few nearby public transportation options. Biking is convenient for most trips.

Transit Summary

4 nearby routes: 3 bus, 1 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 45/100, Transit Score: 36/100, Bike Score: 59/100.

Points of Interest near 553 TEAKWOOD Drive, Waterloo, ON N2L4L5

Frequently Asked Questions for 553 TEAKWOOD Drive

Source: Realty.com

553 TEAKWOOD Drive, Waterloo, ON N2L4L5 in 421 - Lakeshore/Parkdale, Waterloo, ON N2L4L5 is a duplex listed at $700,000. Highlights include 7 bedrooms, 2 bathrooms, 2,022 sq. ft., built in 1967, $346 per sq. ft.. Realty.ca has 26 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 26 photos of 553 TEAKWOOD Drive.

Our records indicate that 553 TEAKWOOD Drive was built in 1967.

The full address for this home is 553 TEAKWOOD Drive, Waterloo, ON N2L4L5.

553 TEAKWOOD Drive has been listed on Realty.com since Fri March 20, 2026

Most errands can be accomplished on foot. A few nearby public transportation options. Biking is convenient for most trips.

The average walkability score in the surrounding area is Walk Score: 45/100, Transit Score: 36/100, Bike Score: 59/100.

Listing provided courtesy of: Keller Williams Innovation Realty
Listing agent: KEVIN REITZEL

This content last refreshed on 2026-06-05 21:29:39. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.