HN
62 Balsam Street T101, Waterloo, ON N2L 3H2, Waterloo, ON
+5 photos
$499,900

62 Balsam Street T101, Waterloo, ON N2L 3H2, Waterloo, ON

Waterloo, ON N2L 3H2
4 beds 3 baths Condo Townhouse

About this home

RARE OPPORTUNITY to buy 4 Bedrooms plus 1 additional room, Licensed by City of Waterloo for this Corner End Unit Townhome, 2.5 Bathrooms, Living room, Ensuite laundry, large kitchen, this property is marvelous to call it a home or an investment in a high-demand rental area. Recession -proof investment. Lots of natural light, Fully furnished, turn- key, Located just minutes from the University of Waterloo and Wilfrid Laurier University, and Technology Park, it is perfect for students and family and professionals alike. Freshly painted with a brand-new A/C unit, 6 months old Washer & Dryer, Fully furnished includes all furniture, 6 appliances, window coverings, TV, open-concept design with a large living/dining area for comfortable living Versatile layout includes a main floor bedroom, Living/Dining, Kitchen, and lower-level 3 bedrooms, study lounge, laundry for added convenience This well-maintained home is close to, shopping, restaurants, banks, Waterloo Park, and major malls, offering a blend of convenience. An Internet is included in the Condo fee. DIRECTIONS FROM UNIVERSITY AVENUE WEST, TAKE RIGHT ON HAZEL STREET, LEFT ON BALSAM STREET, RIGHT ON LARCH STREET, FIRST RIGHT TO TOWN HOUSE COMPLEX. (END UNIT CLOSE TO THE RESTAURANT)

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
61% of city avggreat
Priced below Waterloo's average of $815,000.
Appreciation Trend
+1.8%/yrgreat
Waterloo has seen +1.8% YoY price change.
Monthly Cash Flow
-$609/mofair
Estimated -$609/mo at 20% down, 5% rate, 25-yr amortization.
Cap Rate
4.15%great
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® # X13054826
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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