#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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$613,000

Waterloo

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$613,000

For sale

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#302 392 ALBERT Street, Waterloo - Single Family for Sale

#302 392 ALBERT Street, Waterloo, Ontario, N2L3V1

5 beds5 baths1 parking1,656 ft²$841/mo condo feeListed 189 days ago

Overview

This 5-bedroom, 5-bathroom condo in Waterloo is for sale offering roughly 1,656 sq ft of space.

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

Description

Prime Location! This spacious 5-bedroom, 5-bathroom condo apartment offers a turnkey investment opportunity, currently fully tenanted with approximately $4,500/month in rental income. Featuring around 1,700 sq ft of living space, the unit boasts laminate flooring throughout, with each bedroom offering large windows and its own private 3-piece ensuite. Fully furnished and thoughtfully designed, this well-maintained unit includes one parking space. Condo fees cover water, heat, A/C, and insurance, providing added convenience and value. Ideally located just steps from the University of Waterloo and Wilfrid Laurier University, this is an excellent addition to any long-term investment portfolio. (id:66096)

Property Details

MLS®: 40825655
Property Type: Single Family
Zoning: R9
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 5
Parking: 1
Interior Size: 1,656 ft²
Year Built: 2013
Storeys: 1
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Underground, None, Visitor Parking
Condo Fee: $841/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata

Rooms

Main level

3pc Bathroom
3pc Bathroom
3pc Bathroom
3pc Bathroom
3pc Bathroom
Bedroom: 11'5'' x 14'8''
Bedroom: 9'2'' x 21'3''
Bedroom: 9'2'' x 21'3''
Bedroom: 9'2'' x 21'3''
Bedroom: 9'2'' x 21'3''
Breakfast: 13'3'' x 14'8''
Kitchen: 13'8'' x 14'8''
Dining room: 10'7'' x 19'11''

Features

Appliances: Refrigerator, Water meter, Dishwasher, Stove, Microwave, Window Coverings
Exterior: Brick
Lot Features: Laundry- Coin operated

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

189d

Waterloo listings, avg age

67d

Price / ft²

$370

List price

$613K

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 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 Royal LePage Peaceland Realty · YING JIANG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2L)

This home lists at $613,000, about 8.8× the local median household income of $69,500.

Carrying it typically needs a household income of about $119,740 (20% down, 25-yr amortization, stress-tested) — roughly 72% 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)

$613,000· $370/ft²

For sale

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Full Cost Breakdown

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Down Payment5.92% · $36,300

Min 5.92%50%

Mortgage payment$3,197/mo

↳ CMHC premium ($23,068 capitalized)

Property tax (est.)$405/mo

Condo fee$841/mo

Total monthly$4,443

Cash Needed to Close

Down payment (5.92%)$36,300

Land transfer tax$8,735

Est. closing costs$4,339

Total cash needed$49,374

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