For saleWell Above Market

MultiplexOn market 95 days

96 University Ave W, Waterloo

Name: 96 University Avenue W
SKU: X13597972
Price: 19900000 CAD
Availability: InStock

Waterloo, ON · · MLS® X13597972Updated August 12, 2026

$19,900,000Est. $97,763/mo mortgage

Living space: 5000 +sq ft
Parking spaces: 27

Type Multiplex
Basement Full

What you should know

96 University Ave W is a multiplex in Waterloo, listed for $19,900,000. It has 5000 + sq ft of living space.

The building's art deco character sets it apart from the moment you arrive.
From its distinctive art deco facade to thoughtfully designed interiors featuring California ceilings, oversized stairwells and hallways, and custom cabinetry throughout, this is a property built with intention.
Each suite is appointed with generous kitchens featuring dual fridges and a dishwasher, spacious carpeted bedrooms, and full 4-piece bathrooms.

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Multiplex in Waterloo

About 96 University Avenue West

Set at the corner of University Avenue West and Albert Street, this six-storey building occupies arguably the most strategic address in the Waterloo student housing market - directly across the street from Wilfrid Laurier University and steps from the University of Waterloo. The building's art deco character sets it apart from the moment you arrive. From its distinctive art deco facade to thoughtfully designed interiors featuring California ceilings, oversized stairwells and hallways, and custom cabinetry throughout, this is a property built with intention. Purpose-built in 2012 for student accommodation and fully occupied since completion, the diversified unit mix of five-bedroom, four-bedroom, three-bedroom, and two-bedroom suites is tailored for group co-tenancy - keeping turnover low and income highly predictable. Each suite is appointed with generous kitchens featuring dual fridges and a dishwasher, spacious carpeted bedrooms, and full 4-piece bathrooms. Lower-level suites benefit from in-floor heating, while all units are served by central air conditioning and forced air systems for year-round comfort. Building amenities are equally well-considered: elevator access, controlled entry, 24/7 CCTV surveillance, an on-site management office to handle tenant needs and maintenance requests, in-building laundry, and both indoor and outdoor parking round out an offering that tenants consistently renew and investors rarely let go. VTB 2nd may be available for a qualified buyer.

works out to roughly $3,980 per square foot. Chat with Zara if you'd like a deeper read on whether this multiplex fits your budget and timing.

Inside 96 University Ave W

Every detail from the listing, in one place.

Type: Multiplex
Style: Other
Living space: 5000 + sq ftas stated on the listing
Parking: 27 spaces
Basement: Full

Features & systems

Parking & garage

Parking spaces: 27

Interior

Basement: Full

Lot & land

Lot size (sqft): 0

Listing & possession

Property style: Other
Property class: Multiplex

96 University Ave W Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

Jul 23, 2026For saleListedThis listingMLS® X13597972$19,900,000

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 96 University Ave W Compares to the Waterloo Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Well Above Market· based on 720 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Waterloo market, last 90 days

Median sold price: $687,500
Average sold price: $751,383
Average days on market: 32
Homes sold: 436

Closed sales on the TRREB MLS®.

Full Waterloo market report

Recently sold nearby in Waterloo

Sold prices are shown free to signed-in members, as board rules require.

4 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

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Home	Sold price	$ / sqft	% of asking	Sold
This home96 University Avenue W 0 bd · 0 ba · 5,000 sqft	$19,900,000asking	$3,980	—	—
119 Regina Street 11 bd · 3 ba · 2,000 sqft
275-279 Herbert Street 28 bd · 17 ba · 5,000 sqft
56 Columbia Street 5 bd · 2 ba · 1,100 sqft
558 Sprucehill Avenue 3 bd · 3 ba · 1,100 sqft

119 Regina Street
11 bd · 3 ba · 2,000 sqft
275-279 Herbert Street
28 bd · 17 ba · 5,000 sqft
56 Columbia Street
5 bd · 2 ba · 1,100 sqft
558 Sprucehill Avenue
3 bd · 3 ba · 1,100 sqft

Living in Waterloo: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

How long is your commute?

From 96 University Ave W. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 96 University Ave W

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $97,763; 20% down · 25 years · 5.5% assumed
Property tax: $10,945; 0.66% mill rate · ON
Total per month: $108,708; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

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Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$97,763

/mo

based on the purchase price of $19,900,000

Down payment20%

$3,980,000 cash

Amortization25 yr

$15,920,000 financed

Rate5.50%

$13,408,819 total interest

Principal54%$15,920,000

Interest46%$13,408,819

20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

Rental income potential

Est. monthly rent

low–high

Gross yield

rent × 12 ÷ price

Cap rate (est.)

net of tax + fees

Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.

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Listing brokerage: RE/MAX REAL ESTATE CENTRE INC., BrokerageMLS® X13597972 · Listing data last updated August 12, 2026

Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.

Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.

For sale· listed Jul 22· $3,980/sq ft

Estimated monthly mortgage$97,763/moMortgage only · 20% down · 5.5% assumed

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