$1,310,000

For sale

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23 FIR Street, Waterloo - Multi-family for Sale

23 FIR Street, Waterloo, Ontario, N2L3H4

10 beds4 baths4 parking ft²

81 WILLOW Street, Waterloo, Ontario, N2J1W3

3 bd2 ba1,682 ft²

Listed by Royal Lepage Wolle Realty

379 HOLLY Street, Waterloo, Ontario, N2L4G5

For sale

10 days ago

$859K

379 HOLLY Street, Waterloo, Ontario, N2L4G5

3 ba4 pk2,097 ft²

Listed by Royal LePage Peaceland Realty

10 MARSHALL Street, Waterloo, Ontario, N2J2T2

For sale

13 days ago

$760K

10 MARSHALL Street, Waterloo, Ontario, N2J2T2

5 bd2 ba4 pk1,227 ft²

Listed by RE/MAX Real Estate Centre Inc.

8 MARSHALL Street, Waterloo, Ontario, N2J2T2

For sale

14 days ago

$830K

8 MARSHALL Street, Waterloo, Ontario, N2J2T2

5 bd2 ba3 pk1,754 ft²

Listed by Chestnut Park Realty Southwestern Ontario Limited

Investment analysis

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$1,310,000

Waterloo

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4,792 sq ft (0.11 ac) lot size

Overview

This multi-family property in Waterloo is for sale offering roughly 1,612 sq ft of space. It has been on the market 15 days, fresher than the Waterloo average of 67 days.

Multi-Family Properties for Sale in Waterloo →All real estate in Waterloo →

Description

Location is everything, and it doesn’t get much closer to Wilfrid Laurier University than this. 23 Fir St sits just steps from Laurier’s campus and University Stadium, on one of the most sought-after streets for student housing in Waterloo, where rooms lease quickly year after year. This fully rented duplex has two self-contained 5-bedroom, 2-bathroom units. Each unit has its own kitchen, in-unit laundry, forced air gas heating and central air conditioning. It also has updated laminate flooring and parking for 4. Unbeatable proximity to campus, a full rent roll and steady student demand make this a turnkey investment that will keep performing for years. (id:66096)

Property Details

MLS®: 40872703
Property Type: Multi-family
Zoning: (H)RN-6
Bedrooms: 10
Bathrooms: 4
Parking: 4
Interior Size: 1,612 ft²
Lot Size: 4,792 sq ft (0.11 ac)
Frontage: 48 ft
Units: 2
Storeys: 2
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Ownership: Freehold
Property Tax: $11,152/yr
Listed: 15 days ago

Features

Exterior: Vinyl siding

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

15d

Waterloo listings, avg age

67d

Price / ft²

$813

List price

$1.31M

Homes here sell faster than most markets

Sold homes in this market spent an average of 35 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 98.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This 10-bed multi-family in Waterloo has been listed for 15 days, which is 52 days fresher than the city average of 67. Act while there is still low competition.

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Listed by RE/MAX Real Estate Centre Inc. · DAN OPENSHAW

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2L)

This home lists at $1,310,000, about 18.8× the local median household income of $69,500.

Carrying it typically needs a household income of about $255,889 (20% down, 25-yr amortization, stress-tested) — roughly 268% above the area median.

Median household income: $69,500
Population: 37,953
Median age: 29.8
Owner / renter: 37% / 63%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA N2L)

$1,310,000· $813/ft²

For sale

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Full Cost Breakdown

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Down Payment8.09% · $106,000

Min 8.09%50%

Mortgage payment$6,675/mo

↳ CMHC premium ($48,160 capitalized)

Property tax (est.)$929/mo

Total monthly$7,605

Cash Needed to Close

Down payment (8.09%)$106,000

Land transfer tax$22,675

Est. closing costs$6,430

Total cash needed$135,105

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