| Heat Included | |
| Building Insurance Included | |
| Common Elements Included |











703 - 8 Hickory Street
, Waterloo
$709,990
Incredible Turn Key Luxury Student Investment. Newly painted, New fridge. This Condo Is Fully Rented Until The End Of August 2026 With Options To Renew. Huge rental demand throughout the year. Recession proof income potential. Currently Rented for $4250/mth. AAA 3 working tenants continuing for last 3 years. Minutes Away From University Of Waterloo & Wilfred Laurier. Bike Lanes Run Right Up To Condo. Amenities, Shops, Restaurants & Transit Steps Away. Highway Is Only A Few Minutes Away. A Great Investment For Any Type Of Investor. 5 Bedrooms All 5 With Their Own Washrooms. Shared Common Space With Laundry, Living and huge balcony.Seller can hand over fully vacated unit if required.
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| Type | Condo Apartment |
| Style | Apartment |
| Approx. Age | 11-15 |
| Size | 2000-2249 sq. ft. |
| Maintenance Fees | $811 |
| Locker | None |
| Balcony | Open |
| Exposure | South East |
| Parking Type | None |
| Parking Spaces | 0 |
| Parking Features | None |
| Property Tax | $7,663 |
| mls© Number | X13482722 |
| Listed By | ROYAL LEPAGE FLOWER CITY 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%
- $3,634
- Property tax
- $639
- Heat allowance
- $150
- Condo fees, half counted
- $405
- Housing costs
- $4,828 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$149,000
gross annual household income
- Payment at 4%
- $2,988 / mo
- Cash down
- $141,998
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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