$375,000

For saleJust listed

#306 384 ERB Street West, Waterloo - Single Family for Sale

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

2 beds1 bath1 parking1,076 ft²$925/mo condo feeListed Today

Overview

This 2-bedroom, 1-bathroom condo in Waterloo is for sale offering roughly 1,076 sq ft of space. Listed at $375,000, it is attractively priced about 13% below the $429,900 median asking price in Waterloo. It has been on the market 0 days, fresher than the Waterloo average of 67 days.

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Description

Executive, over 1000 sq.ft. 2 bdr. Unit in Spruce Villas. This style of condo is much in demand. Quiet and Secure Castle-look-like Building with Party Room, Sauna and Bike Room. Open Concept Bright and Spacious Carpet Free Living Room has Splendid Bay Window with Wonderful Tree View from the 3-rd level. Eat-in Kitchen with Convenient Crescent Breakfast Bar, Plenty of Cabinets and Counter Space. Unit has One Covered Exclusive Parking and Storage. Possibility of 2nd parking space available for additional cost through Condo Management. Washer/Dryer in the unit. Steps to Up-Town Waterloo, Recreational/Community Center, all Amenities and Services. Walking distance to shopping Zehrs plaza. On bus route. (id:66096)

Property Details

MLS®: 40876511
Property Type: Single Family
Zoning: RMU-20
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 1,076 ft²
Storeys: 1
Style: Other
Basement: None
Heating: Baseboard heaters
Cooling: Wall unit
Garage: Detached Garage, Covered
Condo Fee: $925/mo
Fee Includes: Common Area Maintenance, Landscaping, Property Management, Water, Insurance
Ownership: Condo/Strata

Rooms

Main level

4pc Ensuite bath: 6'8'' x 10'7''
Bedroom: 9'1'' x 11'8''
Primary Bedroom: 10'7'' x 14'5''
Dining room: 6'0'' x 14'4''
Eat in kitchen: 10'1'' x 15'2''
Great room: 13'11'' x 20'1''

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

Features

Appliances: Washer, Refrigerator, Sauna, Dishwasher, Stove
Exterior: Brick

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Waterloo listings, avg age

67d

Price / ft²

$349

List price

$375K

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 2-bed single family in Waterloo has been listed for 0 days, which is 67 days fresher than the city average of 67. Act while there is still low competition.

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Listed by RED AND WHITE REALTY INC. · SVETLANA PANOVA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2L)

This home lists at $375,000, about 5.4× the local median household income of $69,500.

Carrying it typically needs a household income of about $73,251 (20% down, 25-yr amortization, stress-tested) — roughly 5% 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)

$375,000· $349/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $18,750

Min 5%50%

Mortgage payment$1,975/mo

↳ CMHC premium ($14,250 capitalized)

Property tax (est.)$209/mo

Condo fee$925/mo

Total monthly$3,108

Cash Needed to Close

Down payment (5%)$18,750

Land transfer tax$4,100

Est. closing costs$3,625

Total cash needed$26,475

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