269 Albert Street, Waterloo, Ontario, N2L3T7




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$1,150,000
Waterloo
This 4-bedroom, 1-bathroom home in Waterloo is for sale offering roughly 1,300 sq ft of space. It has been on the market 0 days, fresher than the Waterloo average of 67 days.
Attention investors, builders and savvy parents! 269 Albert St. is one of the last sizeable lots with great frontage in this area that is developable on its own, with no land assembly required. Undeveloped parcels near the universities are few and far between, and most of what remains has already been bought up by developers for their own future projects. The value here is in the land, and the price is very attractive compared to recent sales of similar-size properties with comparable location and zoning. In the meantime, the existing 4-bedroom house works hard for you: rent it out and collect income until you're ready to redevelop, or buy it for your son or daughter and their friends while they're at school. Hold, rent, and watch your investment appreciate as development properties in this area become scarcer and harder to obtain. Opportunities with this proximity to the Universities are becoming fewer and more desirable as time goes by. (Supply and Demand) (id:66096)
Features and services as supplied by the listing brokerage.
Just listed: 0 days on market, against an average age of 67 days across the listings currently for sale in this city
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.
This 4-bed single family in Waterloo has been listed for 0 days, which is 67 days fresher than the city average of 67. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,150,000, about 16.5× the local median household income of $69,500.
Carrying it typically needs a household income of about $224,635 (20% down, 25-yr amortization, stress-tested) — roughly 223% above the area median.
Source: Statistics Canada, 2021 Census (FSA N2L)
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Loading rates, 30-yr amortization
Cash Needed to Close
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