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Property Type: TownhouseOwnership: Condominium
350 ERBSVILLE Road Unit# 13
Waterloo, ON N2T2P7
MLS® 40841103
$519,900
3 bed3.5 bath2 parking1,638 sqftBuilt 1994
Property Details
Property & Lot
- Sub-type
- Row / Townhouse
- Stories
- 2
MD-3
Ownership & Fees
- Property type
- Townhouse
- Ownership
- Condominium
- Condo / maintenance fee
- $230/mo
- Annual property tax
- $3,652
Maintenance Fee Includes
Also included: Insurance, Parking
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 3pc Bathroom | Basement | — |
| Recreation room | Basement | 10'5'' x 18'0'' |
| 4pc Bathroom | Second level | — |
| Bedroom | Second level | 10'2'' x 14'5'' |
| Bedroom | Second level | 9'3'' x 11'0'' |
| Primary Bedroom | Second level | 10'3'' x 15'8'' |
| 2pc Bathroom | Main level | — |
| Living room | Main level | 11'3'' x 14'8'' |
| Dining room | Main level | 7'10'' x 8'11'' |
| Kitchen | Main level | 8'8'' x 10'0'' |
Description
Welcome to 350 Erbsville Rd #13, Waterloo! Ideally located in a highly desirable neighbourhood with convenient access to the universities, Tech Park, YMCA, shopping centres, transit, and numerous amenities. This well-maintained home offers excellent potential for first-time buyers, investors, or parents seeking housing for university students. Main floor features a functional layout with a walkout from the living room to a private deck and spacious backyard—perfect for relaxing or entertaining. The finished basement adds valuable living space, complete with a large recreation room featuring good-sized windows, laminate flooring, and a 3-piece bathroom. this home presents a fantastic opportunity to build equity and create a comfortable living space in one of Waterloo’s most sought-after locations. Don't miss this affordable entry into the Waterloo market! (id:63159)
Listing Information
- MLS®
- 40841103
- Data last synced
- September 15, 2026
Royal LePage Peaceland Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Royal LePage Peaceland Realty
MLS® Number: 40841103
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
$317/sqft
Building average
—
No other active listings in this building
440 - Upper Beechwood/Beechwood W. average
$344/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: 5.2% ($26,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$415,920.00
Periodic payment — Principal & Interest (monthly)$2,683.37
Additional monthly expenses (condo fees, tax, utilities, etc.)$616.33
Total monthly cost$3,299.71
Interest paid over 5-yr term$119,203.87
Balance at end of term$374,121.39
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$26,990
Stress test qualifying rate8.19%
Payment you must qualify for$3,821.90
Cash Needed at Closing
Minimum down payment$26,990
Estimated Land Transfer Tax (LTT)$6,873
Legal / closing costs (typical estimate)$1,500
Total cash needed$35,363
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.
