$249,900

For saleJust listed

#615 250 Albert Street, Waterloo - Single Family for Sale

#615 250 Albert Street, Waterloo, Ontario, N2L3W5

1 bed1 bath0 parking250 ft²$340/mo condo feeListed 7 days ago

Overview

This 1-bedroom, 1-bathroom condo in Waterloo is for sale offering roughly 250 sq ft of space. It has been on the market 7 days, fresher than the Waterloo average of 67 days.

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Description

Prime University District Location! Welcome to this bright and inviting 1-bedroom, 1-bathroom condo at Sage Condos, perfectly positioned in theheart of Waterloo's vibrant university community. Just steps from University Avenue and within extremely close proximity to both Wilfrid LaurierUniversity and the University of Waterloo, this location offers exceptional convenience for students, faculty, young professionals, and investorsalike. Enjoy easy access to the ION LRT, Conestoga College's Waterloo Campus, restaurants, cafés, shopping, entertainment, and Waterloo'sthriving technology hub. The thoughtfully designed unit offers a modern, low-maintenance lifestyle with a bright interior and an efficient layoutthat makes excellent use of the space. Whether you're looking to add a strong rental property to your portfolio, secure a home for a universitystudent, or make your first real estate investment, this is an opportunity to own in one of Waterloo's most sought-after and consistently in-demand areas. A fantastic location, a desirable building, and an investment opportunity you won't want to miss! (id:66096)

Property Details

MLS®: X14125348
Property Type: Single Family
Zoning: SR2
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 250 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $340/mo
Fee Includes: Common Area Maintenance, Heat
Ownership: Condo/Strata
Property Tax: $2,411/yr
Listed: 7 days ago

Rooms

Main level

Kitchen: 4.08 x 1.7 meters
Living room: 3.28 x 4.17 meters
Bedroom: 2.87 x 2.36 meters
Bathroom: 1.93 x 2.36 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, Microwave, Hood Fan
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

$1,002

List price

$250K

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 7 days, which is 60 days fresher than the city average of 67. Act while there is still low competition.

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Listed by Affinity Real Estate · Hari Shukla

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2L)

This home lists at $249,900, about 3.6× the local median household income of $69,500.

Carrying it typically needs a household income of about $48,814 (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)

$249,900· $1,002/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $12,495

Min 5%50%

Mortgage payment$1,316/mo

↳ CMHC premium ($9,496 capitalized)

Property tax (est.)$201/mo

Condo fee$340/mo

Total monthly$1,857

Cash Needed to Close

Down payment (5%)$12,495

Land transfer tax$2,224

Est. closing costs$3,250

Total cash needed$17,969

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