| CAC Included | |
| Common Elements Included | |
| Building Insurance Included | |
| Parking Included |













506 - 8 Hickory Street W
, Waterloo
$710,000
Amazing Investment Opportunity In A Desirable Waterloo Condo. 8 Hickory St W Is Student Housing Located Within Walking Distance To The University Of Waterloo & Wilfrid Laurier University. The Buildings Modern Exterior Includes An Enclosed Seating Area, Is Wheelchair Accessible And Has A Secured Entrance. Over 2,000 sq. ft. of functional living space. Carpet-Free Unit Comes Equipped With 5 Spacious Bedrooms, Each Generous In Size And Including Their Own Bathroom, An Open-concept Living and Dining Area, and a W/Out to a Spacious Open Balcony. S/S Appliances, Dishwasher, Washer & Dryer. Unit & Parking Is Rented and Generate a Strong Income, However One Bedroom Can Be Vacant if Needed. Monthly Condo Fees Include Unlimited Bell high-Speed Internet, Water, Parking, Common Elements, Building Insurance, & Central Air Conditioning. The Suite Comes Fully Furnished. Building Amenities Include an Exercise Room, Games Room, Party/Meeting Room, Visitor Parking and Bike Storage, Elevator, and Controlled Entry. Ideally Surrounded by Parks & Recreation. Located Steps to Grand River Transit, and the nearby Conestoga Parkway for easy travel throughout Waterloo Region, Ontario, and the GTA.
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| Type | Condo Apartment |
| Style | Apartment |
| Approx. Age | Not available |
| Size | 2000-2249 sq. ft. |
| Maintenance Fees | $780 |
| Locker | None |
| Balcony | Open |
| Exposure | South |
| Parking Type | Underground |
| Parking Spaces | 1 |
| Parking Features | Underground |
| Property Tax | $7,604 |
| mls© Number | X13569574 |
| Listed By | SUTTON GROUP-ADMIRAL REALTY INC. |
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
- $634
- Heat allowance
- $150
- Condo fees, half counted
- $390
- Housing costs
- $4,808 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$148,000
gross annual household income
- Payment at 4%
- $2,988 / mo
- Cash down
- $142,000
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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