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New2 days ago

902 - 158 King Street

, Waterloo

$338,000

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

Excellent Investment Opportunity at 158 King St, Waterloo! Ideally located near the University of Waterloo and Wilfrid Laurier University, this well-designed 1-bedroom unit offers the potential to convert into a 2-bedroom layout. Features high-quality finishes, stainless steel appliances, and elegant stone countertops. Surrounded by cafés, restaurants, supermarkets, and convenient public transit for an easy and comfortable lifestyle. Currently rented for $1,600/month, providing stable rental income and attractive investment potential. An excellent choice for investors seeking rental income or parents looking to purchase a property for their children attending nearby universities. Affordable entry price with great potential for long-term value!

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size500-599 sq. ft.
Maintenance Fees$360
LockerNone
BalconyOpen
ExposureEast
Parking TypeNone
Parking Spaces0
Parking FeaturesNone
Property Tax$2,865
mls© NumberX14033438
Listed ByBAY STREET INTEGRITY REALTY INC.
Water Included
Heat 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%
$1,730
Property tax
$239
Heat allowance
$150
Condo fees, half counted
$180
Housing costs
$2,299 / mo

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

Down payment20% · $67,600
25-yr amortization

Income needed

$71,000

gross annual household income

Payment at 4%
$1,422 / mo
Cash down
$67,600

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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