#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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$399,900

Waterloo

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$399,900

For sale

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#1602 181 King Street, Waterloo - Single Family for Sale

#1602 181 King Street, Waterloo, Ontario, N2J0E7

1 bed1 bath1 parking$746/mo condo feeListed 226 days ago

Overview

This 1-bedroom, 1-bathroom condo in Waterloo is for sale. Listed at $399,900, it is attractively priced about 7% below the $429,900 median asking price in Waterloo.

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

Description

An exceptional turnkey investment opportunity in one of Uptown Waterloo's most sought-after buildings. This unit offers a truly hands-off ownership experience, featuring a secure, long-term lease in place for 5+ years, ensuring stable and predictable income from day one. What distinguishes this property is its fully managed structure. The tenant-an established and reputable company-not only occupies the unit but also assumes all property management responsibilities. This comprehensive arrangement is seamlessly integrated into the monthly rental income, providing investors with a completely passive, worry-free investment. Ideal for those seeking long-term stability, minimal involvement, and consistent returns in a prime urban location, this is a rare opportunity to acquire a secure, low-maintenance asset in a high-demand market. (id:66096)

Property Details

MLS®: X12910602
Property Type: Single Family
Zoning: U2-81
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $746/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $4,535/yr
Listed: 226 days ago

Rooms

Main level

Kitchen: 4.57 x 6.1 meters
Bedroom: 3.76 x 3.07 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, Dishwasher, Dryer, Hood Fan
Foundation: Concrete
Exterior: Concrete Block
Lot Features: Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

226d

Waterloo listings, avg age

67d

List price

$400K

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 is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by CORCORAN HORIZON REALTY · Bianca Scaletta

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2J)

This home lists at $399,900, about 5.4× the local median household income of $74,500.

Carrying it typically needs a household income of about $78,114 (20% down, 25-yr amortization, stress-tested) — roughly 5% 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)

$399,900

For sale

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Full Cost Breakdown

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Down Payment5% · $19,995

Min 5%50%

Mortgage payment$2,106/mo

↳ CMHC premium ($15,196 capitalized)

Property tax (est.)$378/mo

Condo fee$746/mo

Total monthly$3,230

Cash Needed to Close

Down payment (5%)$19,995

Land transfer tax$4,474

Est. closing costs$3,700

Total cash needed$28,169

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