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Listed 1 month ago

B303 - 62 Balsam Street

, Waterloo

$398,000

Condo Apartment |
1 + 1 | 2 | 0 | 0
About this home

Welcome to Sage 3 Waterloo Specious and Bright Unit with 1+1 Bedroom and 1.5 Bath, Located in the Heart of Waterloo's University District. Primary Bedroom and Living Room are Direct Access to the 126 Sqft Open Balcony. The Den Features a Sliding Door, Making it Ideal for Use as A Second Bedroom. The Contemporary Kitchen is Equipped with Granite Countertops, Backsplash, and Stainless Steel Appliances. Steps to Wilfrid Laurier University and the University of Waterloo, Public Transit, Restaurants, and Shopping. Maintenance Fee Include Water and Rogers High-Speed Internet. This Fresh Painted Furnished Move-In Ready Suite is Perfect for Both End-Users and Investors.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size700-799 sq. ft.
Maintenance Fees$520
LockerNone
BalconyOpen
ExposureSouth
Parking TypeUnderground
Parking Spaces0
Parking FeaturesNone
Property Tax$3,036
mls© NumberX13637722
Listed ByInitia Real Estate
Building Insurance Included
Common Elements 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%
$2,037
Property tax
$253
Heat allowance
$150
Condo fees, half counted
$260
Housing costs
$2,700 / mo

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

Down payment20% · $79,600
25-yr amortization

Income needed

$83,000

gross annual household income

Payment at 4%
$1,675 / mo
Cash down
$79,600

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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