| Common Elements Included | |
| Building Insurance Included | |
| Parking Included |










T101 - 62 Balsam Street
, Waterloo
$499,000
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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| Type | Condo Townhouse |
| Style | 2-Storey |
| Approx. Age | 6-10 |
| Size | 1600-1799 sq. ft. |
| Maintenance Fees | $1,273 |
| Locker | None |
| Balcony | None |
| Exposure | South |
| Parking Type | Underground |
| Parking Spaces | 1 |
| Parking Features | None |
| Property Tax | $4,902 |
| mls© Number | X13691902 |
| Listed By | HOMELIFE SUPERSTARS REAL ESTATE LIMITED |
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%
- $2,554
- 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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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