$428,888

For saleJust listed

#510 312 Erb Street West, Waterloo - Single Family for Sale

#510 312 Erb Street West, Waterloo, Ontario, N2L0K9

1 bed1 bath1 parking550 ft²$443/mo condo feeListed Yesterday

Overview

This 1-bedroom, 1-bathroom condo in Waterloo is for sale offering roughly 550 sq ft of space. Its $428,888 asking price sits right in line with the $429,999 median in Waterloo. It has been on the market 1 day, fresher than the Waterloo average of 67 days.

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Description

**Welcome to MODA - Where Modern Luxury, Convenience & Lifestyle Come Together!** Be the first to call this beautifully designed 1-bedroom suite home at MODA in Waterloo! Offering a bright, spacious and thoughtfully designed functional layout, this exceptional suite features an inviting living area, a generous primary bedroom with a double closet, and the added convenience of **underground parking and a private storage locker**. Beyond your front door, MODA delivers an impressive collection of contemporary amenities designed to complement today's lifestyle, including a collaborative coworking lounge with private phone pods, fully equipped community kitchen, party room and private event space, secure bicycle storage with maintenance station, pet washing station, and convenient electronic parcel lockers. Perfectly situated just minutes from the University of Waterloo, Wilfrid Laurier University, lockers. major tech employers including Google, and the vibrant downtown Kitchener-Waterloo district, you'll enjoy easy access to shopping, restaurants, entertainment and everyday essentials. A fantastic opportunity to experience brand-new living in a modern, amenity-rich community where comfort, convenience and connectivity come together. **Don't miss your opportunity to call MODA home!** (id:66096)

Property Details

MLS®: X14145076
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $443/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,800/yr
Listed: Yesterday

Rooms

Main level

Living room: 3.99 x 2.72 meters
Kitchen: 3.41 x 2.59 meters
Primary Bedroom: 3.41 x 2.67 meters
Other: 1.49 x 2.43 meters

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Blinds
Flooring: Laminate, Carpeted
Exterior: Concrete, Brick
Lot Features: Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Waterloo listings, avg age

67d

Price / ft²

$781

List price

$429K

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 1-bed single family in Waterloo has been listed for 1 day, which is 66 days fresher than the city average of 67. Act while there is still low competition.

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Listed by CENTURY 21 MILLENNIUM INC. · CALVIN DOUGLAS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2L)

This home lists at $428,888, about 6.2× the local median household income of $69,500.

Carrying it typically needs a household income of about $83,777 (20% down, 25-yr amortization, stress-tested) — roughly 21% 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)

$428,888· $781/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $21,444.40

Min 5%50%

Mortgage payment$2,259/mo

↳ CMHC premium ($16,298 capitalized)

Property tax (est.)$233/mo

Condo fee$443/mo

Total monthly$2,935

Cash Needed to Close

Down payment (5%)$21,444

Land transfer tax$5,053

Est. closing costs$3,787

Total cash needed$30,284

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