$320,000

For saleJust listed

Book a showing

#11 325 NORTHLAKE Drive, Waterloo - Single Family for Sale

#11 325 NORTHLAKE Drive, Waterloo, Ontario, N2V1Z1

2 beds1 bath1 parking

#802 191 KING Street South, Waterloo, Ontario, N2J1R1

1 bd2 ba1 pk701 ft²+$482/mo

Listed by Re/Max Real Estate Centre Inc.

#3 641 ALBERT Street, Waterloo, Ontario, N2L3V5

For saleJust listed

Today

$300K

#3 641 ALBERT Street, Waterloo, Ontario, N2L3V5

4 bd2 ba1 pk1,087 ft²+$317/mo

Listed by Royal LePage Wolle Realty

#510 312 Erb Street West, Waterloo, Ontario, N2L0K9

For saleJust listed

Yesterday

$429K

#510 312 Erb Street West, Waterloo, Ontario, N2L0K9

1 bd1 ba1 pk550 ft²+$443/mo

Listed by CENTURY 21 MILLENNIUM INC.

#514 247 Northfield Drive East, Waterloo, Ontario, N2K0H1

For saleJust listed

Yesterday

$299K

#514 247 Northfield Drive East, Waterloo, Ontario, N2K0H1

1 bd1 ba1 pk650 ft²+$521/mo

Listed by SOTHEBY'S INTERNATIONAL REALTY CANADA

Investment analysis

Rental cashflow calculator

Estimate the monthly cashflow if you bought this home as a rental. Every figure below is an editable estimate. This is education only, not financial advice.

Estimated monthly rent

Enter the monthly rent you expect, or adjust our estimate.

Down payment (%)

Rate (%)

Amortization (yrs)

Property tax (/ yr)

Condo fee (/ mo)

Insurance (est. / mo)

Maint. + vacancy (est. / mo)

Enter an estimated monthly rent to see the cashflow.

Estimates only, not a mortgage approval or financial advice. Rate, taxes, and allowances are assumptions you can edit above.

$320,000

Waterloo

Book a showing

Overview

This 2-bedroom, 1-bathroom condo in Waterloo is for sale offering roughly 738 sq ft of space. Listed at $320,000, it is attractively priced about 26% below the $429,900 median asking price in Waterloo. It has been on the market 6 days, fresher than the Waterloo average of 67 days.

Condos for Sale in Waterloo →All real estate in Waterloo →

Description

Bright, spacious and move-in ready! This top-floor 2-bedroom condo in desirable North Waterloo features a generous eat-in kitchen with brand-new stainless steel appliances, an open-concept living area and two good-sized bedrooms. Freshly painted and carpet-free throughout, with convenient in-suite laundry and a brand-new washer and dryer. Low condo fees that even include water, plus a storage locker for your extras and one outdoor parking space. Fantastic location just minutes from Sobeys, St. Jacobs Farmers' Market, restaurants, transit and the expressway. A great opportunity for first-time buyers, downsizers or investors! Property is virtually staged. (id:66096)

Property Details

MLS®: 40874000
Property Type: Single Family
Zoning: MR75
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 738 ft²
Year Built: 1988
Storeys: 1
Style: Other
Basement: None
Heating: Electric
Cooling: None
Condo Fee: $355/mo
Fee Includes: Landscaping, Property Management, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,134.06/yr
Listed: 6 days ago

Market Timing

Days on market

Waterloo listings, avg age

67d

Price / ft²

$434

List price

$320K

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.

Area context

Neighbourhood profile (N2V)

This home lists at $320,000, about 2.5× the local median household income of $126,000.

Carrying it typically needs a household income of about $62,507 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $126,000
Population: 19,428
Median age: 38
Owner / renter: 86% / 14%
Avg. household size: 3.1

Source: Statistics Canada, 2021 Census (FSA N2V)

$320,000· $434/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Full Cost Breakdown

Loading rates, 30-yr amortization

Current Rates

Loading…

Compare all rates

Down Payment5% · $16,000

Min 5%50%

Mortgage payment$1,685/mo

↳ CMHC premium ($12,160 capitalized)

Property tax (est.)$178/mo

Condo fee$355/mo

Total monthly$2,218

Cash Needed to Close

Down payment (5%)$16,000

Land transfer tax$3,275

Est. closing costs$3,460

Total cash needed$22,735

Get Pre-Approved · Free & Fast

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

#11 325 NORTHLAKE Drive, Waterloo - Single Family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N2V)

Book a showing

Full Cost Breakdown