$499,000

For sale

#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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$499,000

Waterloo

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Description

URBAN ELEGANCE MEETS INVESTMENT EXCELLENCE !Welcome to this rare and expansive 1,057 sq. ft. suite at Sunview Suites, located in the heart of Waterloo's vibrant University District. This turn-key unit comes fully furnished with modern, contemporary decor-ideal for investors seeking a seamless, ready-to-rent opportunity. Featuring a private street-level entrance, this suite includes a spacious primary bedroom with a private ensuite, offering exceptional convenience and privacy for high-end student or professional tenancies. Oversized windows provide abundant natural light, and the walkout patio door offers easy outdoor access. This unit is also well-suited for end users, including professionals, executives, or small families looking for a stylish, functional home in a thriving community. Residents enjoy premium building amenities such as: Study and work lounges, Rooftop terrace, Indoor lounge and dining area, Bike storage and Visitor parking. Located steps to University of Waterloo, Wilfrid Laurier University, and the ION LRT, this property sits in one of Canada's fastest-growing tech and education hubs-"Silicon Valley North." High-demand and a very low-vacancy area.A standout opportunity for investors or end-users-own a premium suite in one of Waterloo's most dynamic districts! (id:66096)

Property Details

MLS®: X13686264
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 0
Interior Size: 1,100 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Other, No Garage
Condo Fee: $639/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $4,606.47/yr
Listed: 78 days ago

Rooms

Main level

Kitchen: 4.7 x 3.81 meters
Living room: 4.7 x 3.81 meters
Dining room: 4.7 x 3.81 meters
Primary Bedroom: 3.47 x 3.6 meters
Bedroom 2: 3.7 x 3.05 meters
Bedroom 3: 3.14 x 3.05 meters

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

Market Timing

Days on market

78d

Waterloo listings, avg age

67d

Price / ft²

$454

List price

$499K

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 (N2L)

This home lists at $499,000, about 7.2× the local median household income of $69,500.

Carrying it typically needs a household income of about $97,472 (20% down, 25-yr amortization, stress-tested) — roughly 40% 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)

$499,000· $454/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,950

Min 5%50%

Mortgage payment$2,628/mo

↳ CMHC premium ($18,962 capitalized)

Property tax (est.)$384/mo

Condo fee$639/mo

Total monthly$3,651

Cash Needed to Close

Down payment (5%)$24,950

Land transfer tax$6,455

Est. closing costs$3,997

Total cash needed$35,402

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

Rental cashflow calculator

#215 258B Sunview Street, Waterloo - Single Family for Sale

Description

Property Details

Rooms

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (N2L)

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