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Listed 14 days ago

N206 - 330 Phillip Street

, Waterloo

$389,900

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

Icon 330 modern 1 Bedroom + Den condominium located directly across from the University of Waterloo and Wilfrid Laurier University. Features an urban, furnished layout ideal for students, young professionals, and investors. Enjoy premium amenities including a fitness centre, yoga studio, sauna, study lounges, games room, basketball court, rooftop patio, and Wi-Fi throughout the building. Equipped with granite countertops, stainless steel fridge, stove, dishwasher, microwave, and in-suite washer and dryer. New washer and over-the-range microwave. 24/7 security and excellent property management make this an outstanding investment opportunity for premium student living. Currently leased for $2100/month, vacant possession can be provided.

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size500-599 sq. ft.
Maintenance Fees$304
LockerOwned
BalconyNone
ExposureNorth
Parking TypeNone
Parking Spaces0
Parking FeaturesNone
Property Tax$3,329
mls© NumberX13855700
Listed BySAVE MAX REAL ESTATE INC.
Common Elements Included
Building Insurance 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%
$1,996
Property tax
$277
Heat allowance
$150
Condo fees, half counted
$152
Housing costs
$2,575 / mo

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

Down payment20% · $77,980
25-yr amortization

Income needed

$79,000

gross annual household income

Payment at 4%
$1,641 / mo
Cash down
$77,980

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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