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New3 days ago

21 Waverly Road

, Waterloo

$499,900

Detached|1 1/2 Storey
3 | 2 | 4
About this home

Welcome to 21 Waverly Rd, where location meets opportunity! Whether you're a first-time buyer looking for help with the mortgage, an investor searching for an income property, or someone wanting flexible space for extended family or an at-home business, this Midtown home offers options that are hard to find. The main home features 3 bdrms, 1 bthrm and its own separate laundry, creating comfortable, practical everyday living. But there's more! Head downstairs to the LEGAL ACCESSORY APARTMENT offering just over 800 sq ft of additional living space with its own separate entrance. This 1-bdrm, 1-bthrm apartment is complete with its own kitchen, living space and separate laundry, giving both levels independence and privacy. Live upstairs and let the apartment help offset your mortgage, bring extended family together while maintaining separate spaces, explore the possibilities for an at-home business, or add a versatile property to your investment portfolio. Outside, there's even more to love! The amazing big fenced yard offers plenty of room for kids, pets, gardening and summer fun, while the large deck creates an outdoor living space ready for BBQs, relaxing and entertaining family & friends. And then there's the LOCATION! Just steps to the end of Waverly Rd, hop onto the Iron Horse Trail and walk or bike to Belmont Village and beyond. Enjoy coffee, dinner and shopping nearby, along with Graffiti Market, Cherry Park, Raddatz Park and Victoria Park. A LEGAL ACCESSORY APARTMENT, separate entrance, separate laundry, fantastic outdoor space and a walkable Midtown lifestyle. One property. Two living spaces. A whole lot of possibilities! Call your REALTOR today and come take a look for yourself.

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Got questions?

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$3,785
Lot Size41.1 ft x 145.38 ft
mls© NumberX13799964
Listed ByROYAL 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%
$2,559
Property tax
$315
Heat allowance
$150
Housing costs
$3,024 / mo

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

Down payment20% · $99,980
25-yr amortization

Income needed

$93,000

gross annual household income

Payment at 4%
$2,104 / mo
Cash down
$99,980

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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