$424,999

$425,000For salePrice drop↓ $1 (0%)

#6 250 KEATS Way, Waterloo - Single Family for Sale

#6 250 KEATS Way, Waterloo, Ontario, N2L6J5

4 beds3 baths2 parking1,912 ft²$720/mo condo feeListed 47 days ago

Overview

This 4-bedroom, 3-bathroom condo in Waterloo is for sale offering roughly 1,912 sq ft of space. Its $424,999 asking price sits right in line with the $429,900 median in Waterloo. It has been on the market 47 days, fresher than the Waterloo average of 67 days.

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Description

PRIME UNIVERSITY INVESTMENT OPPORTUNITY WITH WALKOUT BASEMENT Exceptional 3-bedroom townhome with garage in the highly soughtafter Keats Way complex, perfectly positioned just minutes from the University of Waterloo and Wilfrid Laurier University. This well-maintained property offers a highly desirable layout with 3 bedrooms on the upper level, a finished walkout basement with a full bathroom, and a total of 2.5 bathrooms, creating outstanding flexibility for both investors and end users. Featuring hardwood flooring, a newly renovated upper-level bathroom, and bright, functional living spaces, this home is built for both comfort and long-term durability. The walkout basement adds valuable living space and significantly enhances rental potential. This property delivers positive cash flow when fully occupied, making it a true turn-key investment in one of Waterloo's most reliable and high-demand rental markets. The inclusion of a private garage and additional parking further strengthens tenant appeal and long-term value. Located close to transit, restaurants, shopping, parks, and major commuter routes, this is a rare opportunity to secure a high-performing income property in a proven university corridor. (id:66096)

Property Details

MLS®: 40864611
Property Type: Single Family
Zoning: R-5
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 3
Half Baths: 1
Parking: 2
Interior Size: 1,912 ft²
Year Built: 1990
Storeys: 2
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Visitor Parking
Condo Fee: $720/mo
Fee Includes: Landscaping, Property Management, Insurance, Parking

Rooms

Main level

Living room: 12'5'' x 20'0''
2pc Bathroom
Kitchen: 9'0'' x 12'0''
Dining room: 9'0'' x 15'0''

Basement

Laundry room
3pc Bathroom
Bedroom: 12'0'' x 18'0''

Second level

4pc Bathroom
Bedroom: 9'0'' x 10'0''
Bedroom: 9'0'' x 12'0''
Primary Bedroom: 12'0'' x 16'0''

Features

Appliances: Washer, Refrigerator, Water softener, Stove, Dryer
Foundation: Poured Concrete
Exterior: Brick, Vinyl siding
Lot Features: Balcony, Paved driveway

Services

Water: Municipal water, Unknown
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

47d

Waterloo listings, avg age

67d

Price / ft²

$222

List price

$425K

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 4-bed single family in Waterloo has been listed for 47 days, which is 20 days fresher than the city average of 67. Act while there is still low competition.

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Listed by RE/MAX Twin City Realty Inc. · Elias Jiryis

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2L)

This home lists at $424,999, about 6.1× the local median household income of $69,500.

Carrying it typically needs a household income of about $83,017 (20% down, 25-yr amortization, stress-tested) — roughly 19% 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)

$424,999· $222/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $21,249.95

Min 5%50%

Mortgage payment$2,238/mo

↳ CMHC premium ($16,150 capitalized)

Property tax (est.)$356/mo

Condo fee$720/mo

Total monthly$3,314

Cash Needed to Close

Down payment (5%)$21,250

Land transfer tax$4,975

Est. closing costs$3,775

Total cash needed$30,000

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