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New2 days ago

906 - 158 King Street

, Waterloo

$358,000

Condo Apartment |
1 + 1 | 2 | 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 spacious 637 sq. ft. 1+1 bedroom unit features 2 washrooms and a functional layout with the potential to convert into a 2-bedroom unit. Enjoy high-quality finishes, stainless steel appliances, and elegant stone countertops. Surrounded by cafés, restaurants, supermarkets, and convenient public transit, offering an easy and comfortable lifestyle. Currently rented for $1,700/month, providing stable rental income and attractive investment potential. An excellent opportunity 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
Size600-699 sq. ft.
Maintenance Fees$406
LockerNone
BalconyOpen
ExposureWest
Parking TypeNone
Parking Spaces0
Parking FeaturesNone
Property Tax$3,251
mls© NumberX14033606
Listed ByBAY STREET INTEGRITY REALTY INC.
Heat Included
Water 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%
$1,832
Property tax
$271
Heat allowance
$150
Condo fees, half counted
$203
Housing costs
$2,456 / mo

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

Down payment20% · $71,600
25-yr amortization

Income needed

$76,000

gross annual household income

Payment at 4%
$1,507 / mo
Cash down
$71,600

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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