$859,000

For sale

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379 HOLLY Street, Waterloo - Multi-family for Sale

379 HOLLY Street, Waterloo, Ontario, N2L4G5

0 beds3 baths4 parking ft²

81 WILLOW Street, Waterloo, Ontario, N2J1W3

3 bd2 ba1,682 ft²

Listed by Royal Lepage Wolle 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

23 Fir Street, Waterloo, Ontario, N2L3H4

For sale

15 days ago

$1.31M

23 Fir Street, Waterloo, Ontario, N2L3H4

10 bd4 ba4 pk1,750 ft²Lot size 48 × 101 ft (4,829 sq ft)

Listed by RE/MAX REAL ESTATE CENTRE INC.

Investment analysis

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$859,000

Waterloo

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Overview

This multi-family property in Waterloo is for sale offering roughly 2,097 sq ft of space. It has been on the market 10 days, fresher than the Waterloo average of 67 days.

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

Description

This solid brick property features 3 licensed units, each with 4 bedrooms and 1 bathroom, offering practical layouts and excellent rental potential. Conveniently situated in a prime Waterloo location, the property is close to the University of Waterloo, Wilfrid Laurier University, shopping, dining, public transit, parks, and other everyday conveniences. An appealing opportunity for investors looking to add a well located multi unit property to their portfolio with long term potential. (id:66096)

Property Details

MLS®: 40873860
Property Type: Multi-family
Zoning: GR
Bedrooms: 0
Bathrooms: 3
Parking: 4
Interior Size: 2,097 ft²
Frontage: 60 ft
Units: 3
Year Built: 1962
Storeys: 2
Basement: Partially finished, Full
Heating: Baseboard heaters, Electric
Cooling: None
Ownership: Freehold
Property Tax: $11,686/yr
Listed: 10 days ago

Features

Foundation: Poured Concrete
Exterior: Brick, Aluminum siding

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

10d

Waterloo listings, avg age

67d

Price / ft²

$410

List price

$859K

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 multi-family in Waterloo has been listed for 10 days, which is 57 days fresher than the city average of 67. Act while there is still low competition.

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Listed by Royal LePage Peaceland Realty · Rebecca Liu

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2L)

This home lists at $859,000, about 12.4× the local median household income of $69,500.

Carrying it typically needs a household income of about $167,793 (20% down, 25-yr amortization, stress-tested) — roughly 141% 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)

$859,000· $410/ft²

For sale

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Full Cost Breakdown

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Down Payment7.09% · $60,900.00

Min 7.09%50%

Mortgage payment$4,425/mo

↳ CMHC premium ($31,924 capitalized)

Property tax (est.)$974/mo

Total monthly$5,399

Cash Needed to Close

Down payment (7.09%)$60,900

Land transfer tax$13,655

Est. closing costs$5,077

Total cash needed$79,632

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