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Property Type: TownhouseOwnership: Condominium
250 KEATS Way Unit# 6
Waterloo, ON N2L6J5
MLS® 40864611
$425,000
4 bed3.5 bath2 parking1,912 sqftBuilt 1990
Property Details
Property & Lot
- Sub-type
- Row / Townhouse
- Stories
- 2
R-5
Ownership & Fees
- Property type
- Townhouse
- Ownership
- Condominium
- Condo / maintenance fee
- $720/mo
- Annual property tax
- $4,268
Maintenance Fee Includes
Management
Also included: Landscaping, Insurance, Parking
Interior
- Basement
- Finished, Full
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 12'5'' x 20'0'' |
| Laundry room | Basement | — |
| 3pc Bathroom | Basement | — |
| Bedroom | Basement | 12'0'' x 18'0'' |
| 4pc Bathroom | Second level | — |
| Bedroom | Second level | 9'0'' x 10'0'' |
| Bedroom | Second level | 9'0'' x 12'0'' |
| Primary Bedroom | Second level | 12'0'' x 16'0'' |
| 2pc Bathroom | Main level | — |
| Kitchen | Main level | 9'0'' x 12'0'' |
| Dining room | Main level | 9'0'' x 15'0'' |
Description
PRIME UNIVERSITY INVESTMENT OPPORTUNITY WITH WALKOUT BASEMENT Exceptional 3-bedroom townhome with garage in the highly soughtafter Keats Way complex, perfectly positioned just minutes from the University of Waterloo and Wilfrid Laurier University. This well-maintained property offers a highly desirable layout with 3 bedrooms on the upper level, a finished walkout basement with a full bathroom, and a total of 2.5 bathrooms, creating outstanding flexibility for both investors and end users. Featuring hardwood flooring, a newly renovated upper-level bathroom, and bright, functional living spaces, this home is built for both comfort and long-term durability. The walkout basement adds valuable living space and significantly enhances rental potential. This property delivers positive cash flow when fully occupied, making it a true turn-key investment in one of Waterloo's most reliable and high-demand rental markets. The inclusion of a private garage and additional parking further strengthens tenant appeal and long-term value. Located close to transit, restaurants, shopping, parks, and major commuter routes, this is a rare opportunity to secure a high-performing income property in a proven university corridor. (id:63159)
Listing Information
- MLS®
- 40864611
- Data last synced
- October 20, 2026
RE/MAX Twin City Realty Inc.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX Twin City Realty Inc.
MLS® Number: 40864611
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
$222/sqft
Building average
—
No other active listings in this building
417 - Beechwood/University average
$319/sqft
12 active listing(s)
Parking: 2 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% ($21,250) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$340,000.00
Periodic payment — Principal & Interest (monthly)$2,193.56
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,171.67
Total monthly cost$3,365.23
Interest paid over 5-yr term$97,444.98
Balance at end of term$305,831.10
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$21,250
Stress test qualifying rate8.19%
Payment you must qualify for$3,130.57
Cash Needed at Closing
Minimum down payment$21,250
Estimated Land Transfer Tax (LTT)$4,975
Legal / closing costs (typical estimate)$1,500
Total cash needed$27,725
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.
