Welcome to 396 Hazel Street — a prime investment opportunity in the heart of Waterloo's highly desirable student rental area. This city-licensed student rental offers a legal duplex setup, making it a turnkey option for investors seeking strong and consistent rental income.
Thoughtfully designed for student living, the property features spacious bedrooms, multiple bathrooms, and generous common areas that enhance tenant comfort and appeal. The functional layout, combined with its legal status and licensing, provides peace of mind and long-term stability.
Ideally located within walking distance to Wilfrid Laurier University and the University of Waterloo, this home ensures high rental demand year after year.
Additionally, it presents a great opportunity for buyers to renovate and further increase the property's value, making it especially attractive for investors looking to maximize returns.
Whether you are an investor expanding your portfolio or a parent looking for a smart housing solution for university-bound children, 396 Hazel Street checks all the boxes.
Data was last updated April 2, 2026 at 03:50 PM (UTC)
Area Statistics
Listings on market:
41
Avg list price:
$499,000
Min list price:
$315,000
Max list price:
$1,299,000
Avg days on market:
31
Min days on market:
1
Max days on market:
162
Avg price per sq.ft.:
$422.48
These statistics are generated based on the current listing's property type
and located in
417 - Beechwood/University. Average values are
derived using median calculations. This data is not produced by
the MLS® system.