$910,000

For sale

7 Cardill Crescent, Waterloo - Single Family for Sale

7 Cardill Crescent, Waterloo, Ontario, N2L3Y7

7 beds2 baths6 parking1,300 ft²52 × 154 ft (8,018 sq ft) lot sizeListed 64 days ago

Overview

This 7-bedroom, 2-bathroom home in Waterloo is for sale offering roughly 1,300 sq ft of space. Its $910,000 asking price sits right in line with the $875,000 median in Waterloo. It has been on the market 64 days, fresher than the Waterloo average of 67 days.

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Description

Exceptional Waterloo Investment Opportunity! This Extensively Renovated 7-Bedroom, 2-Bathroom Legal Duplex Is Positioned On An Expansive 53.67 Ft X 153.87 Ft Lot In A Highly Sought-After Rental Location, Just Minutes From The University Of Waterloo, Wilfrid Laurier University, And Conestoga College. The Property Has Undergone Substantial Improvements, Including Two Updated Kitchens, Refreshed Bathrooms, Modern Flooring, Upgraded Lighting, And Numerous Additional Enhancements Throughout. Offering Excellent Versatility For Investors, Multi-Generational Households, Or Owner-Occupiers, This Property Presents Strong Income-Generating Potential With The Benefit Of A Legally Configured Duplex. The Generous Lot Size Also Provides Attractive Future Redevelopment Possibilities For Builders And Developers. The Neighbouring Property At 5 Cardill Crescent Has Been Transformed Into A Multiplex, Showcasing The Area's Potential For Intensification. An Outstanding Opportunity To Acquire A Well-Positioned Property Offering Immediate Rental Appeal, Versatile Living Arrangements, And Significant Long-Term Investment Potential. (id:66096)

Property Details

MLS®: X13733762
Property Type: Single Family
Bedrooms: 7
Beds (above / below): 4 above · 3 below
Bathrooms: 2
Parking: 6
Interior Size: 1,300 ft²
Lot Size: 52 × 154 ft (8,018 sq ft)
Frontage: 52 ft
Storeys: 1
Style: Bungalow
Basement: Apartment in basement, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Carport, No Garage
Ownership: Freehold
Property Tax: $6,349.69/yr

Features

Appliances: Refrigerator, Dishwasher, Stove, Dryer, Two Washers
Foundation: Concrete
Exterior: Brick, Vinyl siding
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

64d

Waterloo listings, avg age

67d

Price / ft²

$700

List price

$910K

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 7-bed single family in Waterloo has been listed for 64 days, which is 3 days fresher than the city average of 67. Act while there is still low competition.

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Listed by HOMELIFE/FUTURE REALTY INC. · THAVE PARAMESWARAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2L)

This home lists at $910,000, about 13.1× the local median household income of $69,500.

Carrying it typically needs a household income of about $177,755 (20% down, 25-yr amortization, stress-tested) — roughly 156% 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)

$910,000· $700/ft²

For sale

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Full Cost Breakdown

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Down Payment7.25% · $66,000

Min 7.25%50%

Mortgage payment$4,679/mo

↳ CMHC premium ($33,760 capitalized)

Property tax (est.)$529/mo

Total monthly$5,208

Cash Needed to Close

Down payment (7.25%)$66,000

Land transfer tax$14,675

Est. closing costs$5,230

Total cash needed$85,905

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