$357,000

For saleJust listed

#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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$357,000

Waterloo

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Overview

This 1-bedroom, 1-bathroom condo in Waterloo is for sale offering roughly 550 sq ft of space. Listed at $357,000, it is attractively priced about 17% below the $429,900 median asking price in Waterloo. It has been on the market 6 days, fresher than the Waterloo average of 67 days.

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

Description

Welcome to Sage V at 280 Lester Street! This 1-bedroom, 1-bathroom condo offers a functional open-concept layout with a private balcony and in-suite laundry. The kitchen is equipped with refrigerator, stove, dishwasher and microwave. Ideally located in Waterloo's university district, within walking distance to the University of Waterloo and Wilfrid Laurier University, with convenient access to ION light rail, bus routes, supermarket, restaurants, shopping and other amenities. Residents enjoy building amenities including a fitness center, roof top terrace, media room and party room. An excellent opportunity for first-time buyers or investors seeking a well-located condo in a convenient central location. (id:66096)

Property Details

MLS®: X14127922
Property Type: Single Family
Zoning: GR
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $415/mo
Fee Includes: Heat, Water
Ownership: Condo/Strata
Property Tax: $3,014/yr
Listed: 6 days ago

Market Timing

Days on market

Waterloo listings, avg age

67d

Price / ft²

$650

List price

$357K

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 $357,000, about 5.1× the local median household income of $69,500.

Carrying it typically needs a household income of about $69,735 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$357,000· $650/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $17,850

Min 5%50%

Mortgage payment$1,880/mo

↳ CMHC premium ($13,566 capitalized)

Property tax (est.)$251/mo

Condo fee$415/mo

Total monthly$2,546

Cash Needed to Close

Down payment (5%)$17,850

Land transfer tax$3,830

Est. closing costs$3,571

Total cash needed$25,251

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

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#418 280 Lester Street, Waterloo - Single Family for Sale

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