$3,499,999

For sale

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309-311 HAWTHORN Street, Waterloo - Multi-family for Sale

309-311 HAWTHORN Street, Waterloo, Ontario, N2L3N5

13 beds4 baths

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

14 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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$3,499,999

Waterloo

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Description

Great turn-key development project in the Waterloo University district! Assembly of 2 single detached houses: 309 & 311 Hawthorn St. Development of a six (6) storey multi-unit apartment building containing fifty-five (55) residential dwelling units, eighty (80) bedrooms, twenty-two (22) parking spaces, and thirty-eight (38) bicycle parking spaces. Site plan drawings have been approved. The site plan agreement is currently under review by the Director. We shall receive the site plan agreement soon. Situated just a short walk from King Street and Wilfrid Laurier University campus, this location is only minutes away from the University of Waterloo. It also enjoys close proximity to various Grand River transit stops and routes, offering convenient access to Uptown Waterloo and major commercial nodes. Package includes all drawings and reports for city permit. (id:66096)

Property Details

MLS®: X13495500
Property Type: Multi-family
Zoning: RN-6
Bedrooms: 13
Beds (above / below): 9 above · 4 below
Bathrooms: 4
Parking: 9
Lot Size: 111 × 145 ft (16,095 sq ft)
Frontage: 111 ft
Storeys: 2
Basement: Partially finished, N/A
Heating: Baseboard heaters, Electric
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Property Tax: $14,336.93/yr
Listed: 131 days ago

Market Timing

Days on market

131d

Waterloo listings, avg age

67d

List price

$3.50M

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 $3,499,999, about 50.4× the local median household income of $69,500.

Carrying it typically needs a household income of about $683,672 (20% down, 25-yr amortization, stress-tested) — roughly 884% 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)

$3,499,999

For sale

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Full Cost Breakdown

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Down Payment20% · $699,999.80

Min 20%50%

Mortgage payment$14,927/mo

Property tax (est.)$1,195/mo

Total monthly$16,121

Cash Needed to Close

Down payment (20%)$700,000

Land transfer tax$73,975

Est. closing costs$13,000

Total cash needed$786,975

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

309-311 HAWTHORN Street, Waterloo - Multi-family for Sale

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