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Property Type: Condo / ApartmentOwnership: Condominium
392 ALBERT Street Unit# 302
Waterloo, ON N2L3V1
MLS® 40825655
$613,000
5 bed5 bath1 parking1,656 sqftBuilt 2013
Property Details
Property & Lot
- Sub-type
- Apartment
- Stories
- 1
- Frontage
- 0 feet
R9
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $841/mo
- Annual property tax
- $4,861
Maintenance Fee Includes
WaterHeat
Also included: Common Area Maintenance, Insurance, Parking
Interior
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 3pc Bathroom | Main level | — |
| 3pc Bathroom | Main level | — |
| 3pc Bathroom | Main level | — |
| 3pc Bathroom | Main level | — |
| 3pc Bathroom | Main level | — |
| Bedroom | Main level | 11'5'' x 14'8'' |
| Bedroom | Main level | 9'2'' x 21'3'' |
| Bedroom | Main level | 9'2'' x 21'3'' |
| Bedroom | Main level | 9'2'' x 21'3'' |
| Bedroom | Main level | 9'2'' x 21'3'' |
| Breakfast | Main level | 13'3'' x 14'8'' |
| Kitchen | Main level | 13'8'' x 14'8'' |
| Dining room | Main level | 10'7'' x 19'11'' |
| Living room | Main level |
Description
Prime Location! This spacious 5-bedroom, 5-bathroom condo apartment offers a turnkey investment opportunity, currently fully tenanted with approximately $4,500/month in rental income. Featuring around 1,700 sq ft of living space, the unit boasts laminate flooring throughout, with each bedroom offering large windows and its own private 3-piece ensuite. Fully furnished and thoughtfully designed, this well-maintained unit includes one parking space. Condo fees cover water, heat, A/C, and insurance, providing added convenience and value. Ideally located just steps from the University of Waterloo and Wilfrid Laurier University, this is an excellent addition to any long-term investment portfolio. (id:63159)
Listing Information
- MLS®
- 40825655
- Data last synced
- September 15, 2026
Royal LePage Peaceland Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Royal LePage Peaceland Realty
MLS® Number: 40825655
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
$370/sqft
Building average
—
No other active listings in this building
421 - Lakeshore/Parkdale average
$286/sqft
17 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: 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: 5.9% ($36,300) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$490,400.00
Periodic payment — Principal & Interest (monthly)$3,163.89
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,328.82
Total monthly cost$4,492.72
Interest paid over 5-yr term$140,550.05
Balance at end of term$441,116.39
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$36,300
Stress test qualifying rate8.19%
Payment you must qualify for$4,471.58
Cash Needed at Closing
Minimum down payment$36,300
Estimated Land Transfer Tax (LTT)$8,735
Legal / closing costs (typical estimate)$1,500
Total cash needed$46,535
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.