#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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$389,900

Waterloo

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Overview

This 2-bedroom, 1-bathroom condo in Waterloo is for sale offering roughly 550 sq ft of space. Listed at $389,900, it is attractively priced about 9% below the $429,900 median asking price in Waterloo. It has been on the market 33 days, fresher than the Waterloo average of 67 days.

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Description

Icon 330 modern 1 Bedroom + Den condominium located directly across from the University of Waterloo and Wilfrid Laurier University. Features an urban, furnished layout ideal for students, young professionals, and investors. Enjoy premium amenities including a fitness centre, yoga studio, sauna, study lounges, games room, basketball court, rooftop patio, and Wi-Fi throughout the building. Equipped with granite countertops, stainless steel fridge, stove, dishwasher, microwave, and in-suite washer and dryer. New washer and over-the-range microwave. 24/7 security and excellent property management make this an outstanding investment opportunity for premium student living. Currently leased for $2100/month, vacant possession can be provided. (id:66096)

Property Details

MLS®: X13855700
Property Type: Single Family
Zoning: Residential
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 0
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $304/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $3,329/yr
Listed: 33 days ago

Rooms

Ground level

Living room: 2.96 x 2.77 meters
Kitchen: 4.95 x 2.17 meters
Primary Bedroom: 2.78 x 2.69 meters
Den: 2.74 x 2.69 meters
Dining room: 2.96 x 2.77 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Market Timing

Days on market

33d

Waterloo listings, avg age

67d

Price / ft²

$710

List price

$390K

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 (N2L)

This home lists at $389,900, about 5.6× the local median household income of $69,500.

Carrying it typically needs a household income of about $76,161 (20% down, 25-yr amortization, stress-tested) — roughly 10% 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)

$389,900· $710/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,495

Min 5%50%

Mortgage payment$2,054/mo

↳ CMHC premium ($14,816 capitalized)

Property tax (est.)$277/mo

Condo fee$304/mo

Total monthly$2,635

Cash Needed to Close

Down payment (5%)$19,495

Land transfer tax$4,324

Est. closing costs$3,670

Total cash needed$27,489

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

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#N206 330 Phillip Street, Waterloo - Single Family for Sale

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