Downtown Waterloo Home â?? A Great Investment Opportunity! Prime downtown Waterloo location! This legal non-conforming duplex offers an excellent opportunity for investors, contractors, and those looking to bring their vision to life. Full of the character and charm of an older home, this property is ready for someone with the experience and resources to complete the renovations and unlock its full potential. With a desirable location close to downtown amenities, shopping, restaurants, transit, schools, and more, this property offers strong potential as a rental investment once the work is completed. Whether you're an experienced investor or a contractor looking for your next project, this is an opportunity to create a valuable income-producing property in a highly sought-after area.