291 Albert Street
, Waterloo
$1,200,000
Licensed Student Rental or Redevelopment Opportunity, Prime Location on High Traffic Albert Street. Can be purchased individually as an excellent student rental property or with 289 Albert for a larger redevelopment lot, these two properties represent one of the few remaining opportunities in this dynamic redevelopment area. Currently leased to provide income while you plan your redevelopment project. Zoning RN-6.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $6,124 |
| Lot Size | 54 ft x 131 ft |
| mls© Number | X12967368 |
| Listed By | ROYAL LEPAGE WOLLE REALTY |
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%
- $6,142
- Property tax
- $510
- Heat allowance
- $150
- Housing costs
- $6,802 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$209,000
gross annual household income
- Payment at 4%
- $5,050 / mo
- Cash down
- $240,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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