Loading…
Property Type: Condo / ApartmentOwnership: CondominiumNEW LISTING
250 ALBERT Street Unit# 615
Waterloo, ON N2L3W5
MLS® 40874626
$249,900
1 bed1 bath458 sqftBuilt 2018
Amenities
Gym
Also listed: Party Room
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 1
SR2
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $340/mo
- Annual property tax
- $2,411
Maintenance Fee Includes
Heat
Interior
- Basement
- None
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Main level | 7'9'' x 9'5'' |
| 4pc Bathroom | Main level | 7'9'' x 6'4'' |
| Living room | Main level | 13'8'' x 10'9'' |
| Kitchen | Main level | 5'7'' x 13'5'' |
Description
Prime University District Location! Welcome to this bright and inviting 1-bedroom, 1-bathroom condo at Sage Condos, perfectly positioned in the heart of Waterloo's vibrant university community. Just steps from University Avenue and within extremely close proximity to both Wilfrid Laurier University and the University of Waterloo, this location offers exceptional convenience for students, faculty, young professionals, and investors alike. Enjoy easy access to the ION LRT, Conestoga College's Waterloo Campus, restaurants, cafés, shopping, entertainment, and Waterloo's thriving technology hub. The thoughtfully designed unit offers a modern, low-maintenance lifestyle with a bright interior and an efficient layout that makes excellent use of the space. Whether you're looking to add a strong rental property to your portfolio, secure a home for a university student, or make your first real estate investment, this is an opportunity to own in one of Waterloo's most sought-after and consistently in-demand areas. A fantastic location, a desirable building, and an investment opportunity you won't want to miss! (id:63161)
Listing Information
- MLS®
- 40874626
- Data last synced
- October 29, 2026
Affinity Real Estate Inc
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Affinity Real Estate Inc
MLS® Number: 40874626
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
$546/sqft
Building average
—
No other active listings in this building
417 - Beechwood/University average
$508/sqft
51 active listing(s)
Parking: Not indicatedStorage 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: Cambridge
3°C
Fog
Humidity 98%
Wind NE calm km/h
Today
20°
Tonight
5°
Friday
12°
Friday night
-2°
Saturday
14°
Saturday night
3°
Source: Environment and Climate Change Canada.
Population
126,356
(2021 Census)
+15.5% since 2016
Similar Listings Nearby
Similar active properties nearby based on property type, price, and size.
Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($12,495) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$199,920.00
Periodic payment — Principal & Interest (monthly)$1,289.82
Additional monthly expenses (condo fees, tax, utilities, etc.)$563.75
Total monthly cost$1,853.56
Interest paid over 5-yr term$57,297.65
Balance at end of term$179,828.69
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$12,495
Stress test qualifying rate8.19%
Payment you must qualify for$1,840.78
Cash Needed at Closing
Minimum down payment$12,495
Estimated Land Transfer Tax (LTT)$2,224
Legal / closing costs (typical estimate)$1,500
Total cash needed$16,219
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.
