$2,300,000

For sale

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379 Erb Street West, Waterloo - Multi-family for Sale

379 Erb Street West, Waterloo, Ontario, N2L1W7

8 baths5,400 ft²65 × 168 ft (10,920 sq ft) lot sizeListed 88 days ago

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

9 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

13 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

Rental cashflow calculator

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$2,300,000

Waterloo

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Description

Amazing Investment 21 Rooms Property In Prime Rental Area. Students Rental Building. Close Walk To University Of Waterloo, Plaza And Several Bus Routes. This Building Featuring Contain Total 21 Bedrooms, 8 Baths, 4 Kitchens, Laundry, 9 Parking Student Apartment Building. Each Unit Contains 5 Bedrooms Or 6 Bedrooms,2 Full Baths And A Full Kitchen. Well Maintained Building, Leased With A Great Rental History. Very Profitable Apartment. Make Rental Income While Property Value Goes Up!! (id:66096)

Market Timing

Days on market

88d

Waterloo listings, avg age

67d

Price / ft²

$426

List price

$2.30M

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 $2,300,000, about 33.1× the local median household income of $69,500.

Carrying it typically needs a household income of about $449,271 (20% down, 25-yr amortization, stress-tested) — roughly 546% 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)

$2,300,000· $426/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $460,000

Min 20%50%

Mortgage payment$9,809/mo

Property tax (est.)$1,015/mo

Total monthly$10,823

Cash Needed to Close

Down payment (20%)$460,000

Land transfer tax$43,975

Est. closing costs$9,400

Total cash needed$513,375

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

379 Erb Street West, Waterloo - Multi-family for Sale

Rental cashflow calculator

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Neighbourhood profile (N2L)

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