HN
62 Balsam Street B207, Waterloo, ON N2L 3H2, Waterloo, ON
+7 photos
$399,999

62 Balsam Street B207, Waterloo, ON N2L 3H2, Waterloo, ON

Waterloo, ON N2L 3H2
2 beds 2 baths Condo Apartment

About this home

Welcome to Sage 3 Unit B207 a stylish and meticulously maintained 1+1 bedroom, 1.5-bath condo located in the heart of Waterloo's thriving university district. Perfect for both end-users and investors, this 777 sq. ft. furnished suite offers modern open-concept living with granite countertops, stainless steel appliances, and ample kitchen storage. The spacious den provides flexibility to be used as a home office, guest space, or second bedroom offering the functionality of a two-bedroom unit without the extra cost. Enjoy in-suite laundry, and a large balcony with access from the living room. Just steps from Wilfrid Laurier University and the University of Waterloo, this unit is ideal for students, young professionals, or savvy investors. With its prime location, thoughtful layout, and strong rental appeal, Unit B207 is a smart and versatile investment opportunity

Property Score

67/ 100
Overall Property Score
good

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
49% 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
-$671/mofair
Estimated -$671/mo at 20% down, 5% rate, 25-yr amortization.
Cap Rate
3.60%good
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® # X13035170
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.

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