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Listed 2 months ago

703 - 8 Hickory Street

, Waterloo

$709,990

Condo Apartment |
5 | 5 | 0 | 0
About this home

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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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Apartment
StyleApartment
Approx. Age11-15
Size2000-2249 sq. ft.
Maintenance Fees$811
LockerNone
BalconyOpen
ExposureSouth East
Parking TypeNone
Parking Spaces0
Parking FeaturesNone
Property Tax$7,663
mls© NumberX13482722
Listed ByROYAL LEPAGE FLOWER CITY REALTY
Heat Included
Building Insurance Included
Common Elements 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%
$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.

Down payment20% · $141,998
25-yr amortization

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 check

Investment Analysis

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

Values and trends

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