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Listed 12 days ago

H204 - 62 Balsam Street

, Waterloo

$389,999

Condo Apartment |
1 | 2 | 1 | 0
About this home

Welcome to 62 Balsam Street Unit H204, where space, convenience and location come together in the heart of Waterloo. Offering nearly 950 sq. ft. of thoughtfully designed living space, this spacious 1 bedroom plus den, 2 bathroom condo is an excellent opportunity for investors, first time buyers or a small family looking to get into the market. The versatile den provides the perfect space for a home office, study area or additional living space, while two full bathrooms add everyday convenience and flexibility. Ideally located just steps from Waterloo's universities, incredible dining, shopping and public transit, everything you need is right at your doorstep. Whether you're looking to add a well located property to your investment portfolio or want a spacious condo in one of Waterloo's most connected neighbourhoods, 62 Balsam Street is an opportunity you won't want to miss.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeCondo Apartment
StyleApartment
Approx. Age11-15
Size900-999 sq. ft.
Maintenance Fees$781
LockerNone
BalconyOpen
ExposureEast
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$3,630
mls© NumberX13752700
Listed ByEXP REALTY
Water Included
Heat Included

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%
$1,996
Property tax
$303
Heat allowance
$150
Condo fees, half counted
$391
Housing costs
$2,839 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $78,000
25-yr amortization

Income needed

$87,000

gross annual household income

Payment at 4%
$1,641 / mo
Cash down
$78,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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