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Property Type: TownhouseOwnership: Condominium
121 UNIVERSITY Avenue E Unit# 101
Waterloo, ON N2J4J1
MLS® 40861681
$419,900
3 bed3.5 bath1 parking1,556 sqft
Property Details
Property & Lot
- Sub-type
- Row / Townhouse
- Stories
- 2
GR
Ownership & Fees
- Property type
- Townhouse
- Ownership
- Condominium
- Condo / maintenance fee
- $767/mo
- Annual property tax
- $3,447.79
Maintenance Fee Includes
Water
Also included: Common Area Maintenance, Insurance, Parking
Interior
- Basement
- Finished, Full
- Heating
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Recreation room | Basement | 15'10'' x 16'9'' |
| Laundry room | Basement | 15'8'' x 11'2'' |
| Living room | Main level | 29'6'' x 11'1'' |
| 2pc Bathroom | Main level | 4'6'' x 4'5'' |
| Kitchen | Main level | 11'2'' x 18'4'' |
| Bedroom | Second level | 12'1'' x 11'2'' |
| Bedroom | Second level | 8'10'' x 11'2'' |
| 4pc Bathroom | Second level | 4'11'' x 7'7'' |
| 4pc Ensuite bath | Second level | 4'10'' x 7'7'' |
| Primary Bedroom | Second level | 11'2'' x 15'9'' |
Description
Welcome to 121 University Avenue East Unit 101, Waterloo! An ideal opportunity for first-time buyers, investors, or parents of students, this beautifully maintained townhouse is located directly across from Conestoga College’s Waterloo campus & just a short walk to the University of Waterloo & Wilfrid Laurier University. With its prime location, this home truly checks all the boxes. Step Inside, you’ll be welcomed by a freshly painted interior & a spacious main floor that has been thoughtfully updated. The fully renovated kitchen (2022) features maple cabinetry, tiled floors & plenty of prep & storage space. The adjoining dining area is perfect for family dinners or gatherings with friends. A bright & airy living room offers plenty of space to relax & provides direct walkout access to a large private patio where you can enjoy your morning coffee or summer BBQs. The powder room on this level has also been tastefully updated 2023. Except for the entrance, kitchen & basement, the entire home features updated wall-to-wall carpeting (2023). Upstairs, you’ll find 3 generous bedrooms with The primary suite comes complete with a walk-in closet & a fully renovated 4pc ensuite bath (2024), while the other two bedrooms share another renovated full bathroom (2024). The partially finished basement includes a sizeable recreation room & laundry facilities, with lots of room left for future customization & personal touches. With its flexible layout, there is also potential to convert part of the area into additional bedrooms while still keeping a large recreation space. Additional highlights include a new water softener (2024), one parking spot included with lots of visitor parking. The location is unbeatable, close to bus routes, shopping, restaurants, entertainment & just minutes from major highways. Whether you’re looking for a comfortable family home, a smart investment or student housing close to campus, this property offers it all. Book your showing today & make it yours! (id:63159)
Listing Information
- MLS®
- 40861681
- Data last synced
- September 15, 2026
RE/MAX Twin City Realty Inc.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX Twin City Realty Inc.
MLS® Number: 40861681
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 Cornerstone Association of REALTORS®.
Values & Trends
This listing
$270/sqft
Building average
—
No other active listings in this building
116 - Glenridge/Lincoln Heights average
$281/sqft
4 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% ($20,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$335,920.00
Periodic payment — Principal & Interest (monthly)$2,167.24
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,132.09
Total monthly cost$3,299.33
Interest paid over 5-yr term$96,275.64
Balance at end of term$302,161.13
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$20,995
Stress test qualifying rate8.19%
Payment you must qualify for$3,093.01
Cash Needed at Closing
Minimum down payment$20,995
Estimated Land Transfer Tax (LTT)$4,873
Legal / closing costs (typical estimate)$1,500
Total cash needed$27,368
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.
