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Property Type: Condo / ApartmentOwnership: Condominium
253 ALBERT Street Unit# 408
Waterloo, ON N2L0G3
MLS® 40856281
$419,900
2 bed2 bath936 sqft
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 4
- Frontage
- 334 feet
SR2
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $695/mo
- Annual property tax
- $4,869.69
Maintenance Fee Includes
Water
Also included: Insurance
Interior
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 3pc Bathroom | Main level | — |
| 4pc Bathroom | Main level | — |
| Bedroom | Main level | 10'2'' x 14'0'' |
| Primary Bedroom | Main level | 9'4'' x 13'9'' |
| Kitchen | Main level | 8'0'' x 13'9'' |
Description
Welcome to 253 Albert Street Unit 408! This Stunning 936 square feet Top-floor condo offers a Perfect Living in the Heart of Waterloo. Excellent opportunity to own A 2 LARGE BEDROOM, 2 FULL BATHROOM unit located just steps from University Of Waterloo and Wilfrid Laurier University! This very well maintained unit features an open concept with 10 foot ceilings throughout, high quality laminate flooring, granite counter tops and stainless steel appliances!!! This condo has 2 spacious bedrooms, 2 full bathrooms and in-suite laundry. Amazing rooftop patio with great view! A perfect place for the students to study and relax! Close to public transit, LRT, restaurants, shopping and other amenities. Book your private showing today and shows excellent!!! (id:63159)
Listing Information
- MLS®
- 40856281
- Data last synced
- September 15, 2026
Peak Realty Ltd.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Peak Realty Ltd.
MLS® Number: 40856281
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
$449/sqft
Building average
—
No other active listings in this building
417 - Beechwood/University average
$511/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: 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:
Similar Listings Nearby
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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.)$1,147.63
Total monthly cost$3,314.87
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.
