Listed 5 months ago
291 Albert Street
, Waterloo
$1,200,000
Detached|Bungalow
5 | 2 | 3
About this home
Redevelopment Opportunity, Prime Location on High Traffic Albert Street. Can be purchased with 289 Albert Street. Adjacent properties at 285 and 293 Albert Street are also for sale for a larger parcel. Currently leased to provide income while you plan your redevelopment project. Zoning RN-6
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $6,124 |
| Lot Size | 54 ft x 131 ft |
| mls© Number | X12967368 |
| Listed By | ROYAL LEPAGE WOLLE REALTY |
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%
- $6,142
- Property tax
- $510
- Heat allowance
- $150
- Housing costs
- $6,802 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $240,000
25-yr amortization
Income needed
$209,000
gross annual household income
- Payment at 4%
- $5,050 / mo
- Cash down
- $240,000
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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