$1,150,000

For saleJust listed

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269 ALBERT Street, Waterloo - Single Family for Sale

269 ALBERT Street, Waterloo, Ontario, N2L3T7

4 beds1 bath parking

269 Albert Street, Waterloo, Ontario, N2L3T7

4 bd1 ba5 pk1,300 ft²Lot size 80 × 132 ft (10,560 sq ft)

Listed by RE/MAX REAL ESTATE CENTRE INC.

495 Kingscourt Drive, Waterloo, Ontario, N2K2X9

For saleJust listed

Today

$619K

495 Kingscourt Drive, Waterloo, Ontario, N2K2X9

4 bd2 ba4 pk900 ft²Lot size 34 × 110 ft (3,697 sq ft)

Listed by RE/MAX REALTY SERVICES INC.

301 MARTINDALE Crescent, Waterloo, Ontario, N2L4M8

For saleJust listed

Today

$700K

301 MARTINDALE Crescent, Waterloo, Ontario, N2L4M8

4 bd2 ba3 pk1,899 ft²

Listed by Royal LePage Wolle Realty

652 Pineridge Road, Waterloo, Ontario, N2L5J9

For saleJust listed

Today

$650K

652 Pineridge Road, Waterloo, Ontario, N2L5J9

4 bd2 ba3 pk1,300 ft²Lot size 45 × 146 ft (6,575 sq ft)

Listed by RE/MAX TWIN CITY REALTY INC.

Investment analysis

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$1,150,000

Waterloo

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Description

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)

Property Details

MLS®: 40876279
Property Type: Single Family
Zoning: (H)RN-6
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 1
Parking: 5
Interior Size: 1,412 ft²
Lot Size: 10,454 sq ft (0.24 ac)
Frontage: 80 ft
Storeys: 2
Style: Other
Basement: Partially finished, Full
Heating: Forced air, Natural gas
Cooling: None
Garage: Detached Garage
Ownership: Freehold
Property Tax: $6,850/yr
Listed: Today

Rooms

Basement

Utility room: 12'9'' x 16'0''
Recreation room: 10'0'' x 11'8''
Laundry room: 8'0'' x 11'4''

Main level

4pc Bathroom
Living room: 15'5'' x 13'0''
Kitchen: 15'0'' x 10'2''
Bedroom: 11'6'' x 8'10''
Bedroom: 11'6'' x 9'0''

Second level

Bedroom: 15'3'' x 8'3''
Bedroom: 17'6'' x 11'4''

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Market Timing

Days on market

Waterloo listings, avg age

67d

Price / ft²

$814

List price

$1.15M

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.

Area context

Neighbourhood profile (N2L)

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.

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)

$1,150,000· $814/ft²

For sale

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Full Cost Breakdown

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Down Payment7.83% · $90,000

Min 7.83%50%

Mortgage payment$5,877/mo

↳ CMHC premium ($42,400 capitalized)

Property tax (est.)$571/mo

Total monthly$6,448

Cash Needed to Close

Down payment (7.83%)$90,000

Land transfer tax$19,475

Est. closing costs$5,950

Total cash needed$115,425

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

269 ALBERT Street, Waterloo - Single Family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N2L)

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