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Listed 2 months ago

201 - 338 Albert Street

, Waterloo

$530,000

Condo Townhouse |
4 | 3 | 1 | 0
About this home

High Rental Return! Invest in one of Canada's leading technology hubs! Ideally located in the heart of Waterloo's thriving tech corridor, this property is surrounded by major employers including Agfa, Sandvine, Sybase, the Canadian Innovation Centre, Manulife, and Sun Life headquarters. Just a short walk to the University of Waterloo, Wilfrid Laurier University, and Conestoga College, this corner-unit townhome offers exceptional rental demand and income potential. Featuring 4 spacious bedrooms, the property can generate over $4,000/month in rental income, plus approximately $150/month from parking. An ideal option for parents with students attending nearby universities-occupy one bedroom for your own child while renting out the remaining rooms, with current market rents averaging around $800 per room. A turnkey investment opportunity in a high-demand location with strong cash flow and long-term growth potential.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeCondo Townhouse
StyleStacked Townhouse
Approx. AgeNew
Size1800-1999 sq. ft.
Maintenance Fees$657
LockerNone
BalconyNone
ExposureWest
Parking TypeSurface
Parking Spaces1
Parking FeaturesSurface
Property Tax$5,385
mls© NumberX13639450
Listed ByBLUE WHALE CAPITAL REALTY INC.
Common Elements Included
Building Insurance Included
Parking Included
Water Included

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%
$2,713
Property tax
$449
Heat allowance
$150
Condo fees, half counted
$329
Housing costs
$3,640 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $106,000
25-yr amortization

Income needed

$112,000

gross annual household income

Payment at 4%
$2,230 / mo
Cash down
$106,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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