Great opportunity knocking at your door at 106 Columbia Ave., Waterloo! Whether you're searching for an investment property, a potential Airbnb vacation rental, long-term rental opportunity, first-time home purchase, or simply wanting to embrace a simpler lifestyle, this charming and adorable 2-bedroom home offering 764 sq. ft. delivers endless possibilities! This cozy home features a comfortable living room, a step-saver kitchen, small dining area, and a 3/4 bathroom—proving that great things really do come in smaller packages! The current owner purchased this property in 2017, and at that time the home underwent a rehab and remodeling project that transformed the property before operating as a vacation rental. The home was utilized as a vacation rental for approximately six months before transitioning into a long-term rental property, where it has enjoyed the same tenant occupancy for approximately 9 years. The rehab and updates included beautiful laminate flooring throughout, a fully gutted and updated bathroom featuring a tiled shower and tile flooring, updated kitchen cabinetry, sink, and appliances including refrigerator, dishwasher, stove (stove currently black), washer, and dryer. Additional improvements included an updated HVAC system, landscaping, and roof replacement—allowing peace of mind for the next owner. The lower level includes the washer and dryer, which will remain with the purchase of the home, adding even more value and convenience for the new owner. Bedroom #2 includes a wooden armoire that can remain with the property or be removed based on buyer preference. Situated on a smaller lot, you'll appreciate the minimal exterior maintenance and yard upkeep, making it ideal for those wanting a low-maintenance lifestyle. Please note: Home is tenant occupied, and current photos were taken when the property previously operated as a vacation rental. You don't require much? Well, here is your chance! Opportunities with this much flexibility don't come along often—whether you're looking to invest or settle into a simpler way of living, this one deserves a look! Home is being sold "AS IS." Seller will make no repairs or provide repairs as part of the sale of the property.