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Price Change$319,000

2008 - 318 Spruce Street

, Waterloo

$299,000

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

Look Like Brand New Beautiful Condo Unit In The heart Of Waterloo! This Meticulously Designed and Well-Appointed Unit Is In A Prime Location! It Is An Owner's pride & Investor's Dream. Just Steps Away From The Region's Most Prestigious Universities. University Of Waterloo, Wilfried Laurier University. Large Student Population, And The Demand For Rental Properties In This Area Remains High. Large Living Space With large Windows.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size500-599 sq. ft.
Maintenance Fees$450
LockerNone
BalconyOpen
ExposureWest
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$3,387
mls© NumberX13217736
Listed ByHOMELIFE/MIRACLE REALTY LTD
Heat Included
Water Included
Building Insurance Included
Parking Included
CAC 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%
$1,530
Property tax
$282
Heat allowance
$150
Condo fees, half counted
$225
Housing costs
$2,188 / mo

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

Down payment20% · $59,800
25-yr amortization

Income needed

$67,000

gross annual household income

Payment at 4%
$1,258 / mo
Cash down
$59,800

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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