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Property Type: Condo / ApartmentOwnership: Condominium
257 HEMLOCK Street Unit# 401
Waterloo, ON N2L0K2
MLS® 40847950
$295,000
1 bed1 bath418 sqftBuilt 2019
Amenities
Gym
Also listed: Party Room
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 1
NMU6
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $476/mo
- Annual property tax
- $3,050.72
Maintenance Fee Includes
WaterHeat
Also included: Landscaping, Insurance, Other, See Remarks
Interior
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Main level | 12'7'' x 8'1'' |
| Kitchen | Main level | 18'4'' x 6'0'' |
| Dining room | Main level | 6'10'' x 14'5'' |
| 3pc Bathroom | Main level | 10'5'' x 7'6'' |
Description
Welcome to this beautifully maintained, fully furnished condo in an unbeatable location! Whether you're a student, or an investor, this condo offers the perfect combination of comfort, convenience, and peace of mind. As a rare end unit being offered, this condo is filled with natural light thanks to its large side and rear windows, creating a bright and inviting living space making for comfortable living. The functional layout provides plenty of room, especially in the bedroom. Located close to the university, shopping, restaurants, transit, and everyday amenities that you need to make life convenient and smooth. You'll enjoy the convenience of having everything you need just minutes away. Student-friendly and worry-free, this is an exceptional opportunity to own a turnkey property in a fantastic location that's ready to enjoy from day one. (id:63159)
Listing Information
- MLS®
- 40847950
- Data last synced
- September 15, 2026
SHAW REALTY GROUP INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: SHAW REALTY GROUP INC.
MLS® Number: 40847950
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
$706/sqft
Building average
—
No other active listings in this building
417 - Beechwood/University average
$504/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:
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($14,750) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$236,000.00
Periodic payment — Principal & Interest (monthly)$1,522.59
Additional monthly expenses (condo fees, tax, utilities, etc.)$751.70
Total monthly cost$2,274.29
Interest paid over 5-yr term$67,638.28
Balance at end of term$212,282.76
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$14,750
Stress test qualifying rate8.19%
Payment you must qualify for$2,172.99
Cash Needed at Closing
Minimum down payment$14,750
Estimated Land Transfer Tax (LTT)$2,900
Legal / closing costs (typical estimate)$1,500
Total cash needed$19,150
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.
