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Listed 2 months ago

506 - 8 Hickory Street W

, Waterloo

$710,000

Condo Apartment |
5 | 5 | 1 | 0
About this home

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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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size2000-2249 sq. ft.
Maintenance Fees$780
LockerNone
BalconyOpen
ExposureSouth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$7,604
mls© NumberX13569574
Listed BySUTTON GROUP-ADMIRAL REALTY INC.
CAC Included
Common Elements Included
Building Insurance Included
Parking 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
$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.

Down payment20% · $142,000
25-yr amortization

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 check

Investment Analysis

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

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