$418,000

For sale

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#T102 62 Balsam Street, Waterloo - Single Family for Sale

#T102 62 Balsam Street, Waterloo, Ontario, N2L3H2

3 beds3 baths0 parking condo fee

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Listed by RED AND WHITE REALTY INC.

#802 191 KING Street South, Waterloo, Ontario, N2J1R1

For saleJust listed

Yesterday

$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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$418,000

Waterloo

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Description

Priced to Sell! Located just across from Wilfrid Laurier University and within walking distance to the University of Waterloo! An excellent opportunity for investment or personal use this fully furnished townhouse features a modern kitchen with stainless steel appliances. Offers 3 spacious bedrooms, a den with window, three bathrooms, and an additional study area on the second floor. Highlights include high ceilings and in-suite laundry for added convenience. (id:66096)

Property Details

MLS®: X12968580
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 3
Half Baths: 1
Parking: 0
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $1,125/mo
Fee Includes: Common Area Maintenance, Water, Insurance
Ownership: Condo/Strata
Property Tax: $4,724.71/yr
Listed: 211 days ago

Rooms

Lower level

Bathroom: 2.9 x 1.5 meters
Bedroom: 3.69 x 2.96 meters
Bedroom 2: 3.69 x 2.96 meters
Bedroom 3: 3.69 x 2.96 meters
Bathroom: 2.9 x 1.5 meters

Upper Level

Living room: 4.42 x 3.47 meters
Dining room: 3.05 x 2.52 meters
Kitchen: 3.72 x 2.9 meters
Den: 4.42 x 3.02 meters
Bathroom: 2.5 x 1.5 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

211d

Waterloo listings, avg age

67d

List price

$418K

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 $418,000, about 6.0× the local median household income of $69,500.

Carrying it typically needs a household income of about $81,650 (20% down, 25-yr amortization, stress-tested) — roughly 17% 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)

$418,000

For sale

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Full Cost Breakdown

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Down Payment5% · $20,900

Min 5%50%

Mortgage payment$2,202/mo

↳ CMHC premium ($15,884 capitalized)

Property tax (est.)$394/mo

Condo fee$1,125/mo

Total monthly$3,721

Cash Needed to Close

Down payment (5%)$20,900

Land transfer tax$4,835

Est. closing costs$3,754

Total cash needed$29,489

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

#T102 62 Balsam Street, Waterloo - Single Family for Sale

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Description

Property Details

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Features

Market Timing

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Neighbourhood profile (N2L)

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