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Price Change$279,800

311 - 250 Albert Street

, Waterloo

$259,800

Condo Apartment |
0 | 1 | 0 | 0
About this home

Fantastic investment opportunity in Waterloo's vibrant University District! This modern studio condominium is ideally located just steps from Wilfrid Laurier University, the University of Waterloo, Conestoga College Waterloo Campus, the ION LRT, restaurants, shopping, and Waterloo's renowned technology hub. Purpose-built for today's investor, this low-maintenance suite offers the opportunity to own real estate in one of Ontario's strongest and most resilient rental markets. Professional property management is available, making ownership simple and convenient for both local and out-of-town investors. The thoughtfully designed open-concept layout features contemporary finishes, in-suite laundry, and an efficient use of space. Residents enjoy modern amenities and a location that consistently attracts students, faculty, and young professionals year after year. Whether you're expanding your investment portfolio, purchasing for a university student, or entering the real estate market for the first time, this turnkey condominium offers outstanding value in one of Waterloo's most sought-after locations.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Apartment
StyleApartment
Approx. Age6-10
Size0-499 sq. ft.
Maintenance Fees$311
LockerNone
BalconyOpen
ExposureWest
Parking TypeNone
Parking Spaces0
Parking FeaturesNone
Property Tax$2,320
mls© NumberX13602888
Listed ByNASHDOM REALTY BROKERAGE INC.
Water Included
CAC Included
Common Elements 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%
$1,330
Property tax
$193
Heat allowance
$150
Condo fees, half counted
$155
Housing costs
$1,828 / mo

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

Down payment20% · $51,960
25-yr amortization

Income needed

$56,000

gross annual household income

Payment at 4%
$1,093 / mo
Cash down
$51,960

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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