$295,000

For sale

#103 253 Albert Street, Waterloo - Single Family for Sale

#103 253 Albert Street, Waterloo, Ontario, N2L3T7

1 bed2 baths0 parking750 ft²$525/mo condo feeListed 14 days ago

Overview

This 1-bedroom, 2-bathroom condo in Waterloo is for sale offering roughly 750 sq ft of space. Listed at $295,000, it is attractively priced about 31% below the $429,900 median asking price in Waterloo. It has been on the market 14 days, fresher than the Waterloo average of 67 days.

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Description

Welcome to Unit 103 at 253 Albert Street, Waterloo: Modern Living in the Heart of the University District! Experience this exceptional main-floor condominium located in one of Waterloo's most sought-after buildings. Nestled in the vibrant university district, this beautifully maintained 1-bedroom, 1 Bathroom residence offers an outstanding opportunity for Students, young professionals and investors alike. From the moment you step inside, you'll be captivated by the impressive 13-ft ceilings that create a bright, open and airy atmosphere rarely found in condominium living. The thoughtfully designed kitchen offers ample cabinetry and a functional layout ideal for everyday living and entertaining. Overlooking the main living area, it provides a seamless flow that makes hosting family and friends effortless. One of the standout features of this home is the rare 1.5-bathroom layout, offering added convenience and privacy for residents and guests. The spacious primary bedroom provides a comfortable retreat and enjoys direct access to the private outdoor patio. Step outside to your own fenced patio oasis, accessible through walkouts from both the living room and bedroom. Whether you're enjoying your morning coffee, reading a book, or unwinding after a long day, this private outdoor space offers a peaceful extension of your living area. Additional highlights include in-suite laundry, modern finishes and access to the building's rooftop terrace: an ideal space to relax, socialize and take in the surrounding city views. Situated just a walking distance from Wilfrid Laurier University and University of Waterloo, this property places you at the centre of everything: Restaurants, cafes, grocery stores, shopping and public transit are all just steps from your door. Don't miss your chance to own this rare and stylish condo offering exceptional location, impressive living space and outstanding investment potential in the heart of Waterloo. Book your showing Today! (id:66096)

Property Details

MLS®: X14104358
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 0
Interior Size: 750 ft²
Basement: None
Heating: Heat Pump, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $525/mo
Fee Includes: Common Area Maintenance, Water, Insurance
Ownership: Condo/Strata
Property Tax: $3,768/yr
Listed: 14 days ago

Rooms

Main level

Living room: 3.65 x 3.65 meters
Primary Bedroom: 3.65 x 3.65 meters
Kitchen: 3.35 x 3.65 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Intercom, Dishwasher, Stove, Dryer, Furniture, Water Heater
Exterior: Brick
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

14d

Waterloo listings, avg age

67d

Price / ft²

$394

List price

$295K

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 1-bed single family in Waterloo has been listed for 14 days, which is 53 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 (N2L)

This home lists at $295,000, about 4.2× the local median household income of $69,500.

Carrying it typically needs a household income of about $57,624 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$295,000· $394/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $14,750

Min 5%50%

Mortgage payment$1,554/mo

↳ CMHC premium ($11,210 capitalized)

Property tax (est.)$314/mo

Condo fee$525/mo

Total monthly$2,393

Cash Needed to Close

Down payment (5%)$14,750

Land transfer tax$2,900

Est. closing costs$3,385

Total cash needed$21,035

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