62 Balsam Street B601, Waterloo, ON N2L 3H2, Waterloo, ON

$399,900

62 Balsam Street B601, Waterloo, ON N2L 3H2, Waterloo, ON

Waterloo, ON N2L 3H2

2 beds 2 baths Condo Apartment

About this home

Bright And Well-Designed High Floor 1+1 Bedroom Unit At Sage 3, Offering Approximately 869 Sq Ft (as per seller/builder plan) Of Living Space Plus A Private Balcony Overlooking The Wilfrid Laurier School Of Business. Positioned Away From Street Traffic For A Quieter Setting-Ideal For Both End-Users And Investors. Functional Layout Featuring A Spacious Primary Bedroom With Balcony Access, And A Large Den That Can Easily Serve As A Second Bedroom Or Office. Modern Kitchen With Granite Countertops, Stainless Steel Appliances, And Ample Cabinetry, Open To The Living Area. Professionally Cleaned And Well Maintained, With A Separate Laundry Room For Added Convenience. Located Just Steps To Wilfrid Laurier University, University Of Waterloo, Conestoga College, Transit, Restaurants, And Shopping. Maintenance Fees Include Water, Gas, High-Speed Internet, And Common Elements. Includes 1 Underground Parking Space. Offers to larrytohomes@gmail.com

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

-$670/mofair

Estimated -$670/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^® # X13084986

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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