#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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$479,000

Waterloo

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Description

Exceptional investment opportunity in the heart of Waterloo! This spacious 1,399 sq ft, 3-bedroom, 2-bathroom unit features a rare 600 sq ft private terrace, offering unmatched appeal for tenants and enhancing rental value. Ideally located just steps to University Ave & King St, with strong demand from students and young professionals. Functional layout with oversized bedrooms allows for flexible rental configurations, with potential income up to $3,000/month. Includes modern finishes such as granite countertops, stainless steel appliances, in-suite laundry, and 9 ft ceilings. Quiet unit, same-floor access to amenities, and convenient stair entry. One owned parking space provides additional income potential (~$150/month). A turnkey, high-demand investment with excellent cash flow potential. (id:66096)

Property Details

MLS®: 40869562
Property Type: Single Family
Zoning: GR
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 1,399 ft²
Storeys: 1
Style: Other
Basement: None
Heating: Forced air
Cooling: Central air conditioning
Garage: Underground
Condo Fee: $646/mo
Ownership: Condo/Strata
Property Tax: $5,658/yr
Listed: 29 days ago

Rooms

Main level

Living room: 9'7'' x 18'7''
Kitchen: 19'5'' x 13'5''
Laundry room
4pc Bathroom
3pc Bathroom
Bedroom: 9'2'' x 15'2''
Bedroom: 9'5'' x 15'2''
Primary Bedroom: 9'3'' x 14'2''

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

29d

Waterloo listings, avg age

67d

Price / ft²

$342

List price

$479K

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 $479,000, about 6.9× the local median household income of $69,500.

Carrying it typically needs a household income of about $93,565 (20% down, 25-yr amortization, stress-tested) — roughly 35% 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)

$479,000· $342/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,950

Min 5%50%

Mortgage payment$2,523/mo

↳ CMHC premium ($18,202 capitalized)

Property tax (est.)$472/mo

Condo fee$646/mo

Total monthly$3,640

Cash Needed to Close

Down payment (5%)$23,950

Land transfer tax$6,055

Est. closing costs$3,937

Total cash needed$33,942

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

Rental cashflow calculator

#404 8 HICKORY Street West, Waterloo - Single Family for Sale

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Neighbourhood profile (N2L)

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