$449,800

For sale

#2 427 KEATS Way, Waterloo - Single Family for Sale

#2 427 KEATS Way, Waterloo, Ontario, N2L5S7

5 beds2 baths1 parking1,893 ft²$612/mo condo feeListed 53 days ago

Overview

This 5-bedroom, 2-bathroom condo in Waterloo is for sale offering roughly 1,893 sq ft of space. It has been on the market 53 days, fresher than the Waterloo average of 67 days.

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Description

Welcome to 427 Keats Way Unit 2 — an unbeatable location for families and students alike. Ideally situated near both the University of Waterloo and Wilfrid Laurier University, this home is perfect for families with kids attending either university, or for those who simply want a quiet, convenient, family-friendly neighborhood. Close to Keats Way Public School and WCI Secondary School — a dream location for growing families. Steps to T&T Supermarket, parks, and public transit, and Waterloo parks are just minutes away. Carpet-free 3+2 bedroom, 2 full bathroom home with bright walkout basement. Recent updates include Nest thermostat, attic insulation, roof approximately 7-8 years old, brand new water softener, flooring (2022), range (2023), dryer (2024), and brand new range hood, windows, and doors (2026). Functional layout with spacious foyer and large closet. Upper level offers 3 bedrooms and a full bath; walkout basement features 2 additional bedrooms and another full bath — ideal for rental or extended family use. Extended view from the backyard. Condo fees include water. Wider driveway for potential 2nd parking (small vehicle). Seller has paid in full $60K for Major condo infrastructure replacement in 2023. Fantastic neighborhood popular with professionals, families, and students. Great opportunities for investors, move in ready. This townhome won’t last. (id:66096)

Property Details

MLS®: 40862878
Property Type: Single Family
Zoning: MD
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 2
Parking: 1
Interior Size: 1,893 ft²
Year Built: 1977
Storeys: 2
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: None
Garage: Carport
Condo Fee: $612/mo
Fee Includes: Landscaping, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax

Rooms

Main level

Foyer: 5'2'' x 7'5''
Dining room: 10'2'' x 10'11''
Living room: 11'10'' x 22'7''
Kitchen: 8'1'' x 8'2''

Basement

3pc Bathroom
Bedroom: 9'6'' x 10'3''
Bedroom: 10'0'' x 10'3''

Second level

Primary Bedroom: 13'0'' x 10'9''
Bedroom: 16'5'' x 9'5''
Bedroom: 8'9'' x 10'7''

Features

Appliances: Washer, Refrigerator, Water softener, Stove, Dryer, Window Coverings
Exterior: Brick, Vinyl siding
Lot Features: Paved driveway

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

53d

Waterloo listings, avg age

67d

Price / ft²

$238

List price

$450K

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 5-bed single family in Waterloo has been listed for 53 days, which is 14 days fresher than the city average of 67. Act while there is still low competition.

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Listed by HOMELIFE LANDMARK REALTY INC · Austin Ye

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2L)

This home lists at $449,800, about 6.5× the local median household income of $69,500.

Carrying it typically needs a household income of about $87,862 (20% down, 25-yr amortization, stress-tested) — roughly 26% 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)

$449,800· $238/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $22,490

Min 5%50%

Mortgage payment$2,369/mo

↳ CMHC premium ($17,092 capitalized)

Property tax (est.)$287/mo

Condo fee$612/mo

Total monthly$3,268

Cash Needed to Close

Down payment (5%)$22,490

Land transfer tax$5,471

Est. closing costs$3,849

Total cash needed$31,810

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