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Property Type: Condo / ApartmentOwnership: Condominium
253 ALBERT Street Unit# 216
Waterloo, ON N2L0G3
MLS® 40862013
$300,000
2 bed2.5 bath739 sqft
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 1
SR2
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $538/mo
- Annual property tax
- $4,067.62
Maintenance Fee Includes
WaterManagement
Also included: Landscaping, Insurance
Interior
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Laundry room | Main level | — |
| 4pc Bathroom | Main level | 5'0'' x 7'6'' |
| 2pc Bathroom | Main level | — |
| Den | Main level | 11'0'' x 9'1'' |
| Primary Bedroom | Main level | 11'0'' x 10'1'' |
| Kitchen | Main level | 10'8'' x 18'11'' |
Description
Discover premium off-campus living at Ivy Towns, located at 253 Albert Street in the heart of Waterloo’s university district. Just a five-minute walk to both Wilfrid Laurier University and the University of Waterloo, this stylish One-bedroom plus Den, two-bathroom condo offers approximately 739 sq. ft. of thoughtfully designed space. The bright, open-concept layout is highlighted by floor-to-ceiling windows that fill the unit with natural light, while modern finishes such as granite countertops, stainless steel appliances, and convenient in-suite laundry create a comfortable and contemporary atmosphere. Residents can also enjoy excellent on-site amenities, including a rooftop patio and garden - perfect for studying, relaxing, or socializing during warmer months. Ideal for students or young professionals seeking a prime location and quality living. (id:63161)
Listing Information
- MLS®
- 40862013
- Data last synced
- October 23, 2026
Chestnut Park Realty Southwestern Ontario Ltd., Brokerage
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Chestnut Park Realty Southwestern Ontario Ltd., Brokerage
MLS® Number: 40862013
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
$406/sqft
Building average
—
No other active listings in this building
417 - Beechwood/University average
$512/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% ($15,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$240,000.00
Periodic payment — Principal & Interest (monthly)$1,548.40
Additional monthly expenses (condo fees, tax, utilities, etc.)$914.40
Total monthly cost$2,462.80
Interest paid over 5-yr term$68,784.69
Balance at end of term$215,880.78
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$15,000
Stress test qualifying rate8.19%
Payment you must qualify for$2,209.82
Cash Needed at Closing
Minimum down payment$15,000
Estimated Land Transfer Tax (LTT)$2,975
Legal / closing costs (typical estimate)$1,500
Total cash needed$19,475
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.
