510 OAKRIDGE Place, Waterloo, Ontario, N2L 4P2

MLS® # 40855405

Investment For Sale In Lakeshore, Waterloo, Ontario

$890,000

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Exterior featuring a stone veneer facade, yellow siding, and a white garage door - 510 Oakridge Place, Waterloo, ON - Outdoor

510 Oakridge Place, Waterloo, ON - Indoor Photo Showing Other Room

Wood-finish flooring throughout, recessed ceiling detail, and a built-in media center with shelving - 510 Oakridge Place, Waterloo, ON - Indoor Photo Showing Living Room

Kitchen featuring wood-finish flooring, white cabinetry, stainless steel appliances, a multi-tone tile backsplash, and an island with counter seating - 510 Oakridge Place, Waterloo, ON - Indoor Photo Showing Kitchen With Upgraded Kitchen

Kitchen featuring wood-finish flooring, white cabinetry with silver hardware, an integrated stainless steel range, and a tiled backsplash - 510 Oakridge Place, Waterloo, ON - Indoor Photo Showing Kitchen With Upgraded Kitchen

Wood-finish flooring, sliding glass door, private deck, and a contemporary dark wood-finish dresser - 510 Oakridge Place, Waterloo, ON - Indoor Photo Showing Bedroom

510 Oakridge Place, Waterloo, ON - Indoor Photo Showing Bedroom

Modern laundry room featuring side-by-side washer and dryer with white finish, wood-finish flooring, and a wooden floating shelf with decorative storage - 510 Oakridge Place, Waterloo, ON - Indoor Photo Showing Laundry Room

510 Oakridge Place, Waterloo, ON - Indoor Photo Showing Laundry Room

Wood-finish flooring throughout, with a neutral wall color and recessed lighting - 510 Oakridge Place, Waterloo, ON - Indoor Photo Showing Other Room

Wood-finish flooring throughout, fireplace with a wood mantle, recessed lighting, and kitchen area with stainless steel appliances - 510 Oakridge Place, Waterloo, ON - Indoor

Finished basement bedroom featuring wood-finish flooring, recessed ceiling lighting, and ample built-in storage cabinetry - 510 Oakridge Place, Waterloo, ON - Indoor

510 Oakridge Place, Waterloo, ON - Indoor

Stainless steel appliances, recessed ceiling lighting, light-toned cabinetry, wood-finish flooring, and a subway tile backsplash - 510 Oakridge Place, Waterloo, ON - Indoor Photo Showing Kitchen With Stainless Steel Kitchen

Wood-finish flooring, recessed lighting, and a window for natural light - 510 Oakridge Place, Waterloo, ON - Indoor

Wood-finish flooring with white baseboards, recessed lighting, and white walls - 510 Oakridge Place, Waterloo, ON - Indoor Photo Showing Bedroom

Spacious bathroom featuring a white vanity with integrated sink, glass-enclosed shower, wood-finish flooring, and a modern top-load washer - 510 Oakridge Place, Waterloo, ON - Indoor Photo Showing Laundry Room

Siding exterior, paved walkway, wooden fence, and manicured lawn - 510 Oakridge Place, Waterloo, ON - Outdoor

Expansive deck featuring a hot tub, wood privacy fencing, and mature trees - 510 Oakridge Place, Waterloo, ON - Outdoor With Deck Patio Veranda

Expansive backyard featuring a stone paver pathway, manicured lawn, established garden beds, and a wood privacy fence - 510 Oakridge Place, Waterloo, ON - Outdoor

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510 OAKRIDGE Place, Waterloo, Ontario, N2L 4P2

$890,000

Property Information:

Welcome to this exceptional bungalow featuring two legal units, offering a fantastic opportunity for homeowners, investors, or multi-generational families. Located in the desirable Old Lakeshore neighbourhood, this well-maintained property combines comfortable living, excellent rental potential, and an impressive 8’ x 20’ Swim Spa. The home has been thoughtfully updated over the years, including a newer electrical panel and plumbing, a 2020 furnace and A/C, a 2020 on-demand water heater, a 2019 asphalt driveway, an updated, newly legal 1-bed basement unit, a garage door, eavestroughs and fascia, plus an updated steel roof. The front porch and fully fenced backyard were newly completed this year. The bright primary bedroom features sliding-door access to a new deck surrounding the Swim Spa, creating a private and relaxing outdoor oasis. The fenced yard, complemented by privacy curtains and mature trees, offers excellent potential to create your own backyard retreat. A large storage shed provides additional convenience. Inside, the spacious updated kitchen is ideal for anyone who loves to cook, featuring stainless steel appliances, a gas stove, oversized refrigerator, deep sink, and an extra-large peninsula countertop. The updated main-floor bathroom includes convenient laundry and a walk-in shower. The living room is filled with natural light through a large picture window overlooking the peaceful cul-de-sac. Downstairs, the legal 1 beds basement provides a gas fireplace, modern kitchen, additional bedroom, and full bathroom. It is ideal for independent living and also offers excellent potential as a stable rental unit, providing an additional source of rental income for the property. Enjoy a fantastic location close to Laurelwood Conservation Area, the University of Waterloo, and the LRT, while being within walking distance of schools, public transit, and shopping. (id:27)