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Property Type: Condo / ApartmentOwnership: Condominium
112 - 253 ALBERT STREET
Waterloo, ON N2L0G3
MLS® X13473054
$375,000
2 bed2 bath1 parking
Property Details
Property & Lot
- Sub-type
- Apartment
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $804/mo
- Annual property tax
- $4,841.04
Maintenance Fee Includes
Water
Also included: Common Area Maintenance, Insurance
Interior
- Basement
- None
- Heating
- Forced air, Natural gas
- Cooling / A/C
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | — |
| Kitchen | Main level | — |
| Bedroom | Main level | — |
| Bedroom | Main level | — |
Description
Excellent Opportunity in the Heart of Waterloo! Welcome to this spacious and well-maintained 2-bedroom, 2 full washroom condo offering approximately 950 sq. ft. of modern open-concept living. Ideally located in one of Waterloo's most sought-after neighbourhoods, this unit is perfect for investors, students, young professionals, or parents looking to secure housing near the universities. Situated on the main floor, enjoy the convenience of no stairs or elevators while benefiting from two separate entrances to the unit. The bright and functional layout features high ceilings, spacious principal rooms, and a well-designed open-concept kitchen overlooking the living and dining area. Step outside to a large private balcony/terrace facing Albert Street, providing an excellent space to relax and enjoy the outdoors. This well-cared-for unit includes 1 owned parking space and offers comfortable, low-maintenance living in a highly desirable location. Just steps to the University of Waterloo, Wilfrid Laurier University, shopping, restaurants, public transit, and all major amenities. The strong rental demand and exceptional location make this an outstanding investment opportunity with excellent long-term potential. Well priced for immediate action and offering a flexible closing date. Whether you're looking for a personal residence or an income-producing property, this condo checks all the boxes.Don't miss this fantastic opportunity to own in Waterloo's thriving University District! (id:63159)
Listing Information
- MLS®
- X13473054
- Data last synced
- September 15, 2026
RE/MAX GOLD REALTY INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX GOLD REALTY INC.
MLS® Number: X13473054
Listing data is sourced from CREA DDF®, the Canadian Real Estate Association (CREA) Data Distribution Facility. Listing information is deemed reliable but is not guaranteed accurate by CREA or the listing brokerage. Data provided courtesy of Toronto Regional Real Estate Board.
Values & Trends
This listing
—
Building average
—
No other active listings in this building
Waterloo average
$476/sqft
185 active listing(s)
Parking: 1 stall(s) includedStorage locker: Not indicated
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
Nearest station: Guelph
5°C
—
Humidity 95%
Wind NNE calm km/h
Tonight
6°
Thursday
19°
Thursday night
6°
Friday
12°
Friday night
-2°
Saturday
14°
Source: Environment and Climate Change Canada.
Population
126,356
(2021 Census)
+15.5% since 2016
Density:
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($18,750) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$300,000.00
Periodic payment — Principal & Interest (monthly)$1,935.50
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,207.63
Total monthly cost$3,143.13
Interest paid over 5-yr term$85,980.86
Balance at end of term$269,850.97
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$18,750
Stress test qualifying rate8.19%
Payment you must qualify for$2,762.27
Cash Needed at Closing
Minimum down payment$18,750
Estimated Land Transfer Tax (LTT)$4,100
Legal / closing costs (typical estimate)$1,500
Total cash needed$24,350
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Land Transfer Tax is the Ontario provincial schedule, before any first-time buyer refund; only the City of Toronto charges a municipal land transfer tax on top, so none applies in the areas this site covers (Ontario Ministry of Finance, ontario.ca/document/land-transfer-tax, as of October 28, 2026). Verify all figures with a mortgage broker and lawyer before relying on them.
