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Listed 8 days ago

267 Erb Street E

, Waterloo

$599,000

Detached|Sidesplit
4 | 3 | 4
About this home

Welcome to this beautifully updated detached home in the highly desirable East Waterloo neighborhood, offering the perfect blend of comfort, functionality, and income potential. Situated in a spacious lot, this side-split features 3+1 bedrooms, 2.5 bathrooms, parking for up to 4 vehicles and 4 finished levels. Step inside to a bright main floor highlighted by a sun-filled kitchen with updated cabinetry and modern finishes, flowing seamlessly into the living and dining areas. A standout feature of this home is the separate entrance to the fully finished basement, providing excellent potential for an in-law suite or rental income opportunity. The basement includes additional living space and versatile rooms perfect for a home office, gym, or guest accommodation. The lower-level family room offers a cozy retreat with a gas fireplace, washroom and convenient walkout access to the backyard. Recent improvements include professional interior and exterior painting, refinished hardwood flooring, a newly added full bathroom, updated kitchen flooring and cabinetry, modern light fixtures, new window coverings and a professionally finished driveway. Located just seconds from Highway 7 and minutes to Uptown Waterloo, both universities, St. Jacobs Farmers' Market, parks, schools, shopping, and transit, this property offers unmatched convenience for families and investors alike. Currently rented on a month-to-month basis with good income. Vacant possession can be provided. The property will be professionally cleaned and delivered in the same condition as shown in photos.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleSidesplit
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,850
Lot Size77.91 ft x 4 ft
mls© NumberX13706884
Listed ByCENTURY 21 RIGHT TIME REAL ESTATE 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%
$3,066
Property tax
$404
Heat allowance
$150
Housing costs
$3,620 / mo

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

Down payment20% · $119,800
25-yr amortization

Income needed

$111,000

gross annual household income

Payment at 4%
$2,521 / mo
Cash down
$119,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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