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Property Type: Condo / ApartmentOwnership: Condominium
384 W ERB Street Unit# 207
Waterloo, ON N2L1W6
MLS® 40840713
$365,000
2 bed1 bath1 parking1,045 sqftBuilt 1988
Amenities
Gym
Also listed: Party Room
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 1
RMU-20
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $925/mo
- Annual property tax
- $2,507
Maintenance Fee Includes
Management
Also included: Common Area Maintenance, Landscaping, Insurance, Parking
Interior
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Storage | Basement | 6'0'' x 8'0'' |
| 3pc Bathroom | Main level | 6'10'' x 10'4'' |
| Bedroom | Main level | 8'10'' x 11'6'' |
| Primary Bedroom | Main level | 10'8'' x 14'9'' |
| Eat in kitchen | Main level | 14'11'' x 10'4'' |
| Living room/Dining room | Main level | 19'9'' x 24'4'' |
Description
This condominium apartment at 384 Erb Street in the heart of Waterloo boasts a large, bright, and spacious living area that effortlessly combines comfort and style. The open-concept layout features a seamless flow between the living room and kitchen, creating an inviting atmosphere for both relaxation and entertaining. Natural light floods the space through generous windows, highlighting the sleek flooring and neutral tones throughout. The kitchen is equipped with contemporary finishes, ample cabinetry, and a spacious counter prep area that serves both as a functional workspace and a gathering spot. It's perfect for preparing meals while staying connected with guests in the living area. The two bedrooms are thoughtfully designed, offering plenty of space for furniture and personalization, making them ideal for rest and privacy. The recently updated bathroom is stylish and modern, with a fresh design that includes a contemporary, accessible shower, updated fixtures, and a clean, bright aesthetic. Additionally, the convenience of in-suite laundry adds a touch of practicality, making laundry day easy without leaving the comfort of your home. Amenities include a party room, updated fitness area with change room, bathroom, showers, sauna, covered parking, oversized storage room, and bike storage. All of this in a wonderful Waterloo location, literally minutes from everything the city has to offer: dining, shopping, entertainment, universities, parks, trails, and public transportation. This condominium is a perfect blend of modern living, comfort, and functionality. (id:63159)
Listing Information
- MLS®
- 40840713
- Data last synced
- September 15, 2026
PEAK REALTY LTD.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: PEAK REALTY LTD.
MLS® Number: 40840713
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
$349/sqft
Building average
—
No other active listings in this building
415 - Uptown Waterloo/Westmount average
$540/sqft
48 active listing(s)
Parking: 1 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: 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% ($18,250) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$292,000.00
Periodic payment — Principal & Interest (monthly)$1,883.88
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,185.92
Total monthly cost$3,069.80
Interest paid over 5-yr term$83,688.04
Balance at end of term$262,654.94
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$18,250
Stress test qualifying rate8.19%
Payment you must qualify for$2,688.61
Cash Needed at Closing
Minimum down payment$18,250
Estimated Land Transfer Tax (LTT)$3,950
Legal / closing costs (typical estimate)$1,500
Total cash needed$23,700
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.
