| CAC Included | |
| Common Elements Included | |
| Building Insurance Included | |
| Parking Included |













506 - 8 Hickory Street W
, Waterloo
$710,000
8 Hickory St W Is Student Housing Located Within Walking Distance To The University Of Waterloo & Wilfrid Laurier University. Amazing Investment Opportunity In A Desirable Waterloo Condo. Over 2,000 square feet of functional living space. Carpet-Free Unit Comes Equipped With 5 Spacious Bdrs, Each Generous In Size And Including Their Own Bathroom, An Open-concept Living and Dining Area, and a Walk/Out to a Spacious Open Balcony. Stainless Steel Appliances, Dishwasher, Washer & Dryer. Unit & Parking Are Rented and Generate a Strong Income, However One Bedroom Can Be Vacant if Needed. Monthly Condo Fees Include Unlimited Bell high-Speed Internet, Water, Parking, Common Elements, Building Insurance, & Central Air Conditioning. The Suite Comes Fully Furnished. The Buildings Modern Exterior Includes An Enclosed Seating Area, Is Wheelchair Accessible And Has A Secured Entrance. Building Amenities Include an Exercise Room, Party/Meeting Room, Games Room, Visitor Parking & Bike Storage, Elevator, and Controlled Entry. Ideally Surrounded by Parks and Recreation. Located Steps to Grand River Transit, and the nearby Conestoga Parkway for Easy Travel Throughout Waterloo Region, Ontario, and the GTA.
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| Type | Condo Apartment |
| Style | Apartment |
| Approx. Age | Not available |
| Size | 2000-2249 sq. ft. |
| Maintenance Fees | $780 |
| Locker | None |
| Balcony | Open |
| Exposure | South |
| Parking Type | Underground |
| Parking Spaces | 1 |
| Parking Features | Underground |
| Property Tax | $7,604 |
| mls© Number | X13569574 |
| Listed By | SUTTON GROUP-ADMIRAL REALTY INC. |
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%
- $3,634
- Property tax
- $634
- Heat allowance
- $150
- Condo fees, half counted
- $390
- Housing costs
- $4,808 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$148,000
gross annual household income
- Payment at 4%
- $2,988 / mo
- Cash down
- $142,000
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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