#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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$379,999

Waterloo

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$379,999

For sale

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#H204 62 BALSAM Street, Waterloo - Single Family for Sale

#H204 62 BALSAM Street, Waterloo, Ontario, N2L3H2

2 beds2 baths1 parking823 ft²$781/mo condo feeListed 58 days ago

Overview

This 2-bedroom, 2-bathroom condo in Waterloo is for sale offering roughly 823 sq ft of space. Listed at $379,999, it is attractively priced about 12% below the $429,900 median asking price in Waterloo. It has been on the market 58 days, fresher than the Waterloo average of 67 days.

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

Description

Welcome to 62 Balsam Street Unit H204, where space, convenience and location come together in the heart of Waterloo. Offering nearly 950 sq. ft. of thoughtfully designed living space, this spacious 1 bedroom plus den, 2 bathroom condo is an excellent opportunity for investors, first time buyers or a small family looking to get into the market. The versatile den provides the perfect space for a home office, study area or additional living space, while two full bathrooms add everyday convenience and flexibility. Ideally located just steps from Waterloo’s universities, incredible dining, shopping and public transit, everything you need is right at your doorstep. Whether you’re looking to add a well located property to your investment portfolio or want a spacious condo in one of Waterloo’s most connected neighbourhoods, 62 Balsam Street is an opportunity you won’t want to miss. (id:66096)

Property Details

MLS®: 40861083
Property Type: Single Family
Zoning: SR2
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 2
Parking: 1
Interior Size: 823 ft²
Storeys: 5
Style: Other
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Covered
Condo Fee: $781/mo
Fee Includes: Property Management, Heat, Water, Insurance, Parking
Ownership: Condo/Strata

Rooms

Main level

Den: 10'2'' x 13'11''
Kitchen: 12'1'' x 11'0''
Living room: 13'4'' x 18'2''
Bedroom: 8'6'' x 16'0''
4pc Bathroom: 7'6'' x 4'11''
3pc Bathroom: 5'8'' x 9'5''

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
Exterior: Brick
Lot Features: Balcony

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

58d

Waterloo listings, avg age

67d

Price / ft²

$462

List price

$380K

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 58 days, which is 9 days fresher than the city average of 67. Act while there is still low competition.

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Listed by EXP REALTY · Chris Colquhoun

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2L)

This home lists at $379,999, about 5.5× the local median household income of $69,500.

Carrying it typically needs a household income of about $74,227 (20% down, 25-yr amortization, stress-tested) — roughly 7% 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)

$379,999· $462/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $18,999.95

Min 5%50%

Mortgage payment$2,001/mo

↳ CMHC premium ($14,440 capitalized)

Property tax (est.)$303/mo

Condo fee$781/mo

Total monthly$3,085

Cash Needed to Close

Down payment (5%)$19,000

Land transfer tax$4,175

Est. closing costs$3,640

Total cash needed$26,815

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