#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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$415,000

Waterloo

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$415,000

For sale

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#602 318 Spruce Street, Waterloo - Single Family for Sale

#602 318 Spruce Street, Waterloo, Ontario, M5A2J5

2 beds2 baths0 parking950 ft²$589/mo condo feeListed 16 days ago

Overview

This 2-bedroom, 2-bathroom condo in Waterloo is for sale offering roughly 950 sq ft of space. Its $415,000 asking price sits right in line with the $429,900 median in Waterloo. It has been on the market 16 days, fresher than the Waterloo average of 67 days.

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

Description

Looking for the perfect condo in the heart of Waterloo? Look no further! Unit 602 at 318 Spruce St. gives you EVERYTHING and more! Like to cook? This amazing kitchen offers ample counterspace, full size appliances and TONS of storage. Don't feel boxed into a condo again, there is an abundance of natural light that floods into the unit from all sides! Both bedrooms are well designated with large closets and room for a large desk. Feel like a condo can get stuffy? The open balcony with unobstructed views gives you a chance to step into some fresh air after along day of work or study. The floor plan is perfect for young professionals, students, and investors alike. Sitting in the desirable residential cove near the University of Waterloo and Laurier University, 318 Spruce St. is easily accessible to shopping, schools, restaurants and all essentials and amenities that the city has to offer. Don't miss this amazing unit at an incredible price! (id:66096)

Property Details

MLS®: X14092992
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 0
Interior Size: 950 ft²
Basement: None
Heating: Forced air, Electric
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $589/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $4,726.46/yr
Listed: 16 days ago

Features

Appliances: Furniture, Window Coverings
Exterior: Concrete
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

16d

Waterloo listings, avg age

67d

Price / ft²

$437

List price

$415K

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 16 days, which is 51 days fresher than the city average of 67. Act while there is still low competition.

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Listed by ROYAL LEPAGE SIGNATURE CONNECT.CA REALTY · MARIO FRANCELLA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5A)

This home lists at $415,000, about 5.8× the local median household income of $71,000.

Carrying it typically needs a household income of about $81,064 (20% down, 25-yr amortization, stress-tested) — roughly 14% above the area median.

Median household income: $71,000
Population: 48,978
Median age: 36.4
Owner / renter: 35% / 65%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M5A)

$415,000· $437/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $20,750

Min 5%50%

Mortgage payment$2,186/mo

↳ CMHC premium ($15,770 capitalized)

Property tax (est.)$394/mo

Condo fee$589/mo

Total monthly$3,168

Cash Needed to Close

Down payment (5%)$20,750

Land transfer tax$4,775

Est. closing costs$3,745

Total cash needed$29,270

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