#306 384 ERB Street West, Waterloo, Ontario, N2L1W6

For saleJust listed

Today

$375K

#306 384 ERB Street West, Waterloo, Ontario, N2L1W6

2 bd1 ba1 pk1,076 ft²+$925/mo

Listed by RED AND WHITE REALTY INC.

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

For saleJust listed

Today

$419K

#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

Yesterday

$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.

Investment analysis

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$499,900

Waterloo

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$499,900

For sale

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#1202 318 SPRUCE Street, Waterloo - Single Family for Sale

#1202 318 SPRUCE Street, Waterloo, Ontario, N2L3H6

3 beds2 baths1 parking957 ft²$743/mo condo feeListed 12 days ago

Overview

This 3-bedroom, 2-bathroom condo in Waterloo is for sale offering roughly 957 sq ft of space. It has been on the market 12 days, fresher than the Waterloo average of 67 days.

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

Description

Turnkey investment in Waterloo’s University District! Unit 1202 at 318 Spruce Street is a 3-bedroom, 2-bathroom condo with tenants already in place, so a buyer takes over an existing lease rather than starting from a vacant unit. Located steps from the University of Waterloo and Wilfrid Laurier University, this suite sits in a well-known rental area of Kitchener-Waterloo that is popular with students and young professionals. The suite features 3 bedrooms, two full bathrooms, a kitchen with granite countertops and stainless steel appliances, and in-suite laundry. It’s a practical layout for a rental, with a bedroom count and in-suite laundry that tenants in this area look for. Close to transit, shopping, restaurants and everything uptown Waterloo has to offer. Whether you’re adding to your portfolio or buying your first investment property, this one is worth a look. (id:66096)

Property Details

MLS®: 40872985
Property Type: Single Family
Zoning: GR
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 957 ft²
Year Built: 2016
Storeys: 1
Style: Other
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Underground, None
Condo Fee: $743/mo
Fee Includes: Heat, Water, Insurance, Parking
Ownership

Rooms

Main level

3pc Bathroom
Bedroom: 10'2'' x 11'7''
4pc Bathroom
Primary Bedroom: 9'6'' x 12'6''
Kitchen: 8'2'' x 9'3''
Bedroom: 10'0'' x 16'2''

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Exterior: Concrete
Lot Features: Balcony, Automatic Garage Door Opener

Services

Water: Municipal water, Community Water System
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

12d

Waterloo listings, avg age

67d

Price / ft²

$522

List price

$500K

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 12 days, which is 55 days fresher than the city average of 67. Act while there is still low competition.

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Listed by Real Broker Ontario Ltd. · JASON O'KEEFE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2L)

This home lists at $499,900, about 7.2× the local median household income of $69,500.

Carrying it typically needs a household income of about $97,648 (20% down, 25-yr amortization, stress-tested) — roughly 41% 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)

$499,900· $522/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,995

Min 5%50%

Mortgage payment$2,633/mo

↳ CMHC premium ($18,996 capitalized)

Property tax (est.)$390/mo

Condo fee$743/mo

Total monthly$3,767

Cash Needed to Close

Down payment (5%)$24,995

Land transfer tax$6,473

Est. closing costs$4,000

Total cash needed$35,468

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