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Listed 17 days ago

113 - 288 Albert Street

, Waterloo

$545,000

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

TURN KEY! Fully Furnished, Freshly Painted Investment Steps from University of Waterloo, and Laurier University! Potential Positive Cashflow with Rent and Low Vacancy Rate due to student housing demand for Universities. COMES WITH 1 PARKING SPOT! Main Floor, Corner unit, with Three Bedrooms, Three FULL Washrooms, Large Main Floor Den, along with another lower level study Area, with 1 Surface Level Parking, Ensuite Laundry. Each Bedroom comes Fully Equipped with Bed Frame, Mattress, Side Table, and Study Desk. Open Concept Living, and Dinning with TV, Sofas and Dinning Table Set. Large U-Shaped Kitchen with stainless steel appliances, Quarts Counter Tops/Backsplash and Bar Stool Seating. Main Floor Den Also Comes with Sofas, TV, and Storage Cabinet. Must See, Everything in the Unit comes with it! Perfect for if you or a loved one will be attending University or if you are looking to build your Investment Portfolio.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeCondo Townhouse
StyleStacked Townhouse
Approx. AgeNot available
Size1600-1799 sq. ft.
Maintenance Fees$582
LockerNone
BalconyOpen
ExposureEast
Parking TypeSurface
Parking Spaces1
Parking FeaturesPrivate
Property Tax$4,779
mls© NumberX13852700
Listed ByREALTY WEALTH GROUP INC.
CAC Included
Common Elements Included
Condo Taxes Included
Building Insurance Included
Parking Included
Water 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%
$2,790
Property tax
$398
Heat allowance
$150
Condo fees, half counted
$291
Housing costs
$3,629 / mo

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

Down payment20% · $109,000
25-yr amortization

Income needed

$112,000

gross annual household income

Payment at 4%
$2,293 / mo
Cash down
$109,000

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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