$829,999

For sale

8 Marshall Street, Waterloo - Single Family for Sale

8 Marshall Street, Waterloo, Ontario, N2J2T2

5 beds2 baths3 parking1,750 ft²45 × 120 ft (5,394 sq ft) lot sizeListed 13 days ago

Overview

This 5-bedroom, 2-bathroom home in Waterloo is for sale offering roughly 1,750 sq ft of space. Listed at $829,999, it is attractively priced about 5% below the $875,000 median asking price in Waterloo. It has been on the market 13 days, fresher than the Waterloo average of 67 days.

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Description

Fantastic Investment Opportunity in the heart of Waterloo! Welcome to 8 Marshall Street - a prime student rental property ideally situated just two blocks from Wilfrid Laurier University and minutes from public transit, shopping, grocery stores, restaurants, entertainment, and recreation amenities. This spacious home features 5 bedrooms, 2 full bathrooms, a shared kitchen and living area designed for comfortable student living, plus parking for 3 vehicles. A true turnkey investment opportunity with new student leases already secured at $1,000 per room plus utilities, offering strong and reliable rental income potential. Located in one of Waterloo's most desirable student rental neighbourhoods, this property is an excellent addition to any real estate portfolio and a smart opportunity for investors seeking consistent cashflow in a high-demand location. (id:66096)

Property Details

MLS®: X14107094
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 2
Parking: 3
Interior Size: 1,750 ft²
Lot Size: 45 × 120 ft (5,394 sq ft)
Frontage: 45 ft
Storeys: 2
Basement: Partially finished, Partial
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Ownership: Freehold
Property Tax: $5,041/yr
Listed: 13 days ago

Features

Appliances: Washer, Refrigerator, Water softener, Dishwasher, Stove, Dryer
Foundation: Unknown
Exterior: Aluminum siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

13d

Waterloo listings, avg age

67d

Price / ft²

$474

List price

$830K

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 5-bed single family in Waterloo has been listed for 13 days, which is 54 days fresher than the city average of 67. Act while there is still low competition.

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Listed by CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD · LEE S. QUAILE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2J)

This home lists at $829,999, about 11.1× the local median household income of $74,500.

Carrying it typically needs a household income of about $162,128 (20% down, 25-yr amortization, stress-tested) — roughly 118% above the area median.

Median household income: $74,500
Population: 20,899
Median age: 36.8
Owner / renter: 53% / 47%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA N2J)

$829,999· $474/ft²

For sale

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Full Cost Breakdown

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Down Payment6.99% · $57,999.90

Min 6.99%50%

Mortgage payment$4,280/mo

↳ CMHC premium ($30,880 capitalized)

Property tax (est.)$420/mo

Total monthly$4,700

Cash Needed to Close

Down payment (6.99%)$58,000

Land transfer tax$13,075

Est. closing costs$4,990

Total cash needed$76,065

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