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Listed 2 months ago

T101 - 62 Balsam Street

, Waterloo

$499,000

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

DIRECTIONS FROM UNIVERSITY AVENUE WEST, TAKE RIGHT ON HAZEL STREET, LEFT ON BALSAM STREET, RIGHT ON LARCH STREET, FIRST RIGHT TO TOWN HOUSE COMPLEX. (BEHIND BUILDING SUITES) (END UNIT CLOSE TO THE RESTAURANT) Spacious, 4 Bedrooms plus 1 additional room, Licensed by the City of Waterloo for this Corner End Unit Townhome, 2.5 Bathrooms, Living room, Ensuite laundry, large kitchen, with one underground parking. CURRENTLY, THE PROERTY IS RENTED FOR $3999/ MONTH. Property is rented. Please allow 48 hours notice for all showings. This property is marvelous to call it a home or an investment in a high-demand rental area. Recession -proof investment. Lots of natural light, Fully furnished, turn- key, Located just minutes from the University of Waterloo and Wilfrid Laurier University, and Technology Park, it is perfect for students and family and professionals alike. Freshly painted with a brand-new A/C unit, 6 months old Washer & Dryer, Fully furnished includes all furniture, 6 appliances, window coverings, TV, open-concept design with a large living/dining area for comfortable living Versatile layout includes a main floor bedroom, Living/Dining, Kitchen, and lower-level 3 bedrooms, study lounge, laundry for added convenience This well-maintained home is close to, shopping, restaurants, banks, Waterloo Park, and major malls, offering a blend of convenience. An Internet, exterior maintenance, is included in the Condo fee.

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BrokerHub Inc.
(647) 254-1864
TypeCondo Townhouse
Style2-Storey
Approx. Age6-10
Size1600-1799 sq. ft.
Maintenance Fees$1,273
LockerNone
BalconyNone
ExposureSouth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$4,902
mls© NumberX13691902
Listed ByHOMELIFE SUPERSTARS REAL ESTATE LIMITED
Common Elements Included
Building Insurance Included
Parking Included

Listing History

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  • 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%
$2,554
Property tax
$409
Heat allowance
$150
Condo fees, half counted
$636
Housing costs
$3,749 / mo

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

Down payment20% · $99,800
25-yr amortization

Income needed

$115,000

gross annual household income

Payment at 4%
$2,100 / mo
Cash down
$99,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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