$358,000

For sale

#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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$358,000

Waterloo

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Overview

This 2-bedroom, 2-bathroom condo in Waterloo is for sale offering roughly 650 sq ft of space. Listed at $358,000, it is attractively priced about 17% below the $429,900 median asking price in Waterloo. It has been on the market 21 days, fresher than the Waterloo average of 67 days.

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

Description

Excellent Investment Opportunity at 158 King St, Waterloo! Ideally located near the University of Waterloo and Wilfrid Laurier University, this spacious 637 sq. ft. 1+1 bedroom unit features 2 washrooms and a functional layout with the potential to convert into a 2-bedroom unit. Enjoy high-quality finishes, stainless steel appliances, and elegant stone countertops. Surrounded by cafés, restaurants, supermarkets, and convenient public transit, offering an easy and comfortable lifestyle. Currently rented for $1,700/month, providing stable rental income and attractive investment potential. An excellent opportunity for investors seeking rental income or parents looking to purchase a property for their children attending nearby universities. Affordable entry price with great potential for long-term value! (id:66096)

Property Details

MLS®: X14033606
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 2
Parking: 0
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $406/mo
Fee Includes: Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $3,251.23/yr
Listed: 21 days ago

Market Timing

Days on market

21d

Waterloo listings, avg age

67d

Price / ft²

$551

List price

$358K

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 (N2J)

This home lists at $358,000, about 4.8× the local median household income of $74,500.

Carrying it typically needs a household income of about $69,930 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $74,500
Population: 20,899
Median age: 36.8
Owner / renter: 53% / 47%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA N2J)

$358,000· $551/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $17,900

Min 5%50%

Mortgage payment$1,886/mo

↳ CMHC premium ($13,604 capitalized)

Property tax (est.)$271/mo

Condo fee$406/mo

Total monthly$2,562

Cash Needed to Close

Down payment (5%)$17,900

Land transfer tax$3,845

Est. closing costs$3,574

Total cash needed$25,319

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

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Neighbourhood profile (N2J)

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