HN
121 University Avenue E 22, Waterloo, ON N2J 4J1, Waterloo, ON
+7 photos
$445,000

121 University Avenue E 22, Waterloo, ON N2J 4J1, Waterloo, ON

Waterloo, ON N2J 4J1
4 beds 3 baths Condo Townhouse

About this home

Welcome to Village on the Green, a well-established Waterloo community known for its mature trees, peaceful park-like setting, and rare blend of space, privacy, and convenience. Offering over 2,100 sq ft of total living space, this 4-bedroom, 2.5-bathroom end-unit townhome provides excellent flexibility for families, investors, or parents seeking housing near the universities. The functional multi-level layout features separate living and dining areas with great flow for everyday living and entertaining. The main living space is bright and welcoming with walkout access to the outdoor area, while the main floor bedroom works perfectly as a home office, guest room, or additional living space. Upstairs are three spacious bedrooms, including a large primary suite with walk-in closet and private ensuite, plus a separate family bathroom. The partially finished lower level offers additional recreation space, laundry, and plenty of storage, making the home highly practical for growing families or shared living arrangements. With $25,000 in recent updates, the home is clean, well-maintained, and move-in ready. Vacant possession with quick closing available. The layout supports strong rental potential with estimated income of approximately $3,600/month in a consistently high-demand location. Conveniently located: 2 minutes to the expressway 5 minutes or less to University of Waterloo, Wilfrid Laurier University, and Uptown Waterloo Directly across from Conestoga College Waterloo campus, close to transit, shopping, restaurants, parks, and walking trails1 owned underground parking space included, with additional parking available to rent ($50/month underground, $35/month surface). Condo fees include exterior maintenance, windows, and doors, offering a low-maintenance ownership experience in a highly desirable Waterloo neighbourhood.

Property Score

70/ 100
Overall Property Score
great

A blend of both buyer and investor metrics.

Score breakdown
Walkability
60/100good
Score based on neighborhood density, downtown proximity, and walkable amenities.
Transit Access
78/100great
GO Transit, LRT, and bus access from this neighborhood.
Schools
82/100great
Based on local school rankings (Fraser Institute proxy).
Affordability
55% of city avgexcellent
Priced below Waterloo's average of $815,000.
Appreciation Trend
+1.8%/yrgreat
Waterloo has seen +1.8% YoY price change.
Monthly Cash Flow
-$263/mofair
Estimated -$263/mo at 20% down, 5% rate, 25-yr amortization.
Cap Rate
4.90%excellent
Net operating income divided by purchase price.
Basement Suite Potential
Not viablepoor
This property type typically can't add a basement suite.
Move-In Ready
Avggreat
Estimate. Use the listing description and photos to assess actual condition.
MLS® # X12986688
Listings displayed are for informational purposes only and are believed to be accurate but are not guaranteed. MLS®, REALTOR®, and the associated logos are owned by The Canadian Real Estate Association (CREA). MLS® data is provided courtesy of the Toronto Regional Real Estate Board (TRREB) and is for personal, non-commercial use only. Cityscape Real Estate Ltd., Brokerage.