$419,900

For sale

#101 121 University Avenue East, Waterloo - Single Family for Sale

#101 121 University Avenue East, Waterloo, Ontario, N2J4J1

3 beds3 baths1 parking1,500 ft²$767/mo condo feeListed 56 days ago

Overview

This 3-bedroom, 3-bathroom condo in Waterloo is for sale offering roughly 1,500 sq ft of space. Its $419,900 asking price sits right in line with the $429,900 median in Waterloo. It has been on the market 56 days, fresher than the Waterloo average of 67 days.

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Description

Welcome to 121 University Avenue East Unit 101, Waterloo! An ideal opportunity for first-time buyers, investors, or parents of students, this beautifully maintained townhouse is located directly across from Conestoga College's Waterloo campus & just a short walk to the University of Waterloo & Wilfrid Laurier University. With its prime location, this home truly checks all the boxes. Step Inside, you'll be welcomed by a freshly painted interior & a spacious main floor that has been thoughtfully updated. The fully renovated kitchen (2022) features maple cabinetry, tiled floors & plenty of prep & storage space. The adjoining dining area is perfect for family dinners or gatherings with friends. A bright & airy living room offers plenty of space to relax & provides direct walkout access to a large private patio where you can enjoy your morning coffee or summer BBQs. The powder room on this level has also been tastefully updated 2023. Except for the entrance, kitchen & basement, the entire home features updated wall-to-wall carpeting (2023). Upstairs, you'll find 3 generous bedrooms with The primary suite comes complete with a walk-in closet & a fully renovated 4pc ensuite bath (2024), while the other two bedrooms share another renovated full bathroom (2024). The partially finished basement includes a sizeable recreation room & laundry facilities, with lots of room left for future customization & personal touches. With its flexible layout, there is also potential to convert part of the area into additional bedrooms while still keeping a large recreation space. Additional highlights include a new water softener (2024), one parking spot included with lots of visitor parking. The location is unbeatable, close to bus routes, shopping, restaurants, entertainment & just minutes from major highways. Whether you're looking for a comfortable family home, a smart investment or student housing close to campus, this property offers it all. Book your showing today & make it yours! (id:66096)

Property Details

MLS®: X13763314
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 3
Half Baths: 1
Parking: 1
Interior Size: 1,500 ft²
Storeys: 2
Basement: Partially finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $767/mo
Fee Includes: Common Area Maintenance, Water, Parking
Ownership: Condo/Strata
Property Tax: $3,447.79/yr

Rooms

Main level

Bathroom: 1.3 x 1.3 meters
Living room: 3.3 x 8.9 meters
Kitchen: 5.5 x 3.4 meters
Dining room: 3.3 x 2.3 meters

Basement

Laundry room: 3.4 x 4.7 meters
Utility room: 4.1 x 1.7 meters
Recreational, Games room: 5.1 x 4.8 meters

Second level

Primary Bedroom: 4.8 x 3.4 meters
Bedroom 2: 3.4 x 2.6 meters

Features

Appliances: Washer, Refrigerator, Water softener, Dishwasher, Stove, Dryer, Window Coverings, Water Heater
Exterior: Brick

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

56d

Waterloo listings, avg age

67d

Price / ft²

$280

List price

$420K

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 3-bed single family in Waterloo has been listed for 56 days, which is 11 days fresher than the city average of 67. Act while there is still low competition.

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Listed by RE/MAX TWIN CITY REALTY INC. · ANURAG SHARMA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2J)

This home lists at $419,900, about 5.6× the local median household income of $74,500.

Carrying it typically needs a household income of about $82,021 (20% down, 25-yr amortization, stress-tested) — roughly 10% 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)

$419,900· $280/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $20,995

Min 5%50%

Mortgage payment$2,212/mo

↳ CMHC premium ($15,956 capitalized)

Property tax (est.)$287/mo

Condo fee$767/mo

Total monthly$3,266

Cash Needed to Close

Down payment (5%)$20,995

Land transfer tax$4,873

Est. closing costs$3,760

Total cash needed$29,628

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