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| Building Insurance Included | |
| Parking Included | |
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201 - 338 Albert Street
, Waterloo
$530,000
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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| Type | Condo Townhouse |
| Style | Stacked Townhouse |
| Approx. Age | New |
| Size | 1800-1999 sq. ft. |
| Maintenance Fees | $657 |
| Locker | None |
| Balcony | None |
| Exposure | West |
| Parking Type | Surface |
| Parking Spaces | 1 |
| Parking Features | Surface |
| Property Tax | $5,385 |
| mls© Number | X13639450 |
| Listed By | BLUE WHALE CAPITAL REALTY 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%
- $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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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