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Listed 25 days ago

114 - 338 Albert Street

, Waterloo

$550,000

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

Welcome to Ivy Towns 3 by IN8 Developments, a spacious and modern stacked condo ideally suited for investors, students, or those looking for a low-maintenance home in a prime Waterloo location. This bright two-level unit offers approximately 1,600 sq. ft. of thoughtfully designed living space, featuring three bedrooms, three bathrooms, plus a versatile den/study that could easily function as a fourth bedroom. The open-concept layout provides comfortable living and dining areas, complemented by durable porcelain and laminate flooring throughout, in-suite laundry, and a private balcony. One exclusive parking space is included. Built in 2018 and well maintained, the unit is currently vacant, offering immediate possession and excellent flexibility for an investor. Condo fees include water and WiFi. Located within approximately a 10-minute walk of both Wilfrid Laurier University and the University of Waterloo, with easy access to Conestoga College's Waterloo campus, Uptown Waterloo, Waterloo Park, Conestoga Mall, and the LRT at UW Station. A fantastic opportunity to own a spacious, turnkey property in a highly sought-after university community.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeCondo Townhouse
Style2-Storey
Approx. AgeNot available
Size700-799 sq. ft.
Maintenance Fees$596
LockerNone
BalconyOpen
ExposureSouth
Parking TypeNone
Parking Spaces1
Parking FeaturesReserved/Assigned
Property Tax$4,779
mls© NumberX13817356
Listed ByCHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD
Water Included
Building Insurance 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%
$2,815
Property tax
$398
Heat allowance
$150
Condo fees, half counted
$298
Housing costs
$3,662 / mo

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

Down payment20% · $110,000
25-yr amortization

Income needed

$113,000

gross annual household income

Payment at 4%
$2,314 / mo
Cash down
$110,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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