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New3 days ago

615 - 250 Albert Street

, Waterloo

$199,000

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

Prime University District Location! Welcome to this bright and inviting 1-bedroom, 1-bathroom condo at Sage Condos, perfectly positioned in the heart of Waterloo's vibrant university community. Just steps from University Avenue and within extremely close proximity to both Wilfrid Laurier University and the University of Waterloo, this location offers exceptional convenience for students, faculty, young professionals, and investors alike. Enjoy easy access to the ION LRT, Conestoga College's Waterloo Campus, restaurants, cafés, shopping, entertainment, and Waterloo's thriving technology hub. The thoughtfully designed unit offers a modern, low-maintenance lifestyle with a bright interior and an efficient layout that makes excellent use of the space. Whether you're looking to add a strong rental property to your portfolio, secure a home for a university student, or make your first real estate investment, this is an opportunity to own in one of Waterloo's most sought-after and consistently in-demand areas. A fantastic location, a desirable building, and an investment opportunity you won't want to miss!

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Got questions?

Contact Sell with Strategy.

Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Apartment
StyleApartment
Approx. Age6-10
Size0-499 sq. ft.
Maintenance Fees$340
LockerNone
BalconyOpen
ExposureNorth
Parking TypeNone
Parking Spaces0
Parking FeaturesNone
Property Tax$2,411
mls© NumberX13729856
Listed ByEXP REALTY
Heat 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%
$1,019
Property tax
$201
Heat allowance
$150
Condo fees, half counted
$170
Housing costs
$1,539 / mo

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

Down payment20% · $39,800
25-yr amortization

Income needed

$47,000

gross annual household income

Payment at 4%
$837 / mo
Cash down
$39,800

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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