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New3 days ago

620 - 251 Hemlock Street

, Waterloo

$419,000

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

Self Use Or Great Investment Opportunity With A Steady Income. This Sage 6 Condo Situated at 251 Hemlock Street Located In The Centre Of Waterloo's Growth District. Just Steps From Wilfrid Laurier University, University of Waterloo And University of Waterloo Technology Park, Minutes From A Variety Of Local Amenities, Shopping, Entertainment And Public Transit. This 692 Sq. Ft. 2 bedroom, 1 1/2 Bath, South West Corner Unit Is Bright And Spacious. Functional Open Concept Layout Featuring A High Ceiling, Laminated Floor Throughout, Granite Kitchen Countertop With Undermount Sink, Stainless Steel Appliance, In-suite Laundry. Ceiling To Floor Windows In Both Bedrooms. The whole unit is freshly painted. Worry Free, Fully Furnished Unit Designed Mainly For Student Tenants, Normally With A 3-4 Years Lease Term. The building Amenities: Well-equipped Fitness Room, Multi-purpose Room, Rooftop Terrace, Garden, Bike Parking, Visitor Parking.

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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
Size600-699 sq. ft.
Maintenance Fees$536
LockerNone
BalconyOpen
ExposureSouth West
Parking TypeSurface
Parking Spaces1
Parking FeaturesNone
Property Tax$3,004
mls© NumberX13731446
Listed ByCENTURY 21 KING`S QUAY REAL ESTATE INC.
Heat Included
Common Elements Included
Building Insurance Included
Water Included
Parking Included
CAC 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%
$2,145
Property tax
$250
Heat allowance
$150
Condo fees, half counted
$268
Housing costs
$2,813 / mo

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

Down payment20% · $83,800
25-yr amortization

Income needed

$87,000

gross annual household income

Payment at 4%
$1,763 / mo
Cash down
$83,800

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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