249 Sunview Street
, Waterloo
$7,900,000
Attention Builders, Investors! Incredible And Very Rare Investment Opportunity In Waterloo University Campus Area! Assembly 3 Detached Homes ( 249, 251, 253 Sunview Street) This project combines the lands located at 249, 251, and 253 Sunview Street. The zoning approval was granted in October 2024. The proposed development is planned as a 12-storey building with approximately 116,400 square feet of gross floor area, comprising 131 residential units. Site Plan Agreement is Ready !
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 5000 + sq. ft. |
| Property Tax | $20,000 |
| Lot Size | 165.38 ft x 146.35 ft |
| mls© Number | X12781416 |
| Listed By | BAY STREET GROUP INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $40,436
- Property tax
- $1,667
- Heat allowance
- $150
- Housing costs
- $42,252 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$1,300,000
gross annual household income
- Payment at 4%
- $33,244 / mo
- Cash down
- $1,580,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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