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Property Type: Condo / ApartmentOwnership: CondominiumNEW LISTING
408 - 500 WESTMOUNT ROAD W
Waterloo, ON N2M5M9
MLS® X14118434
79
Walk Score
48
Transit
73
Bike
$349,000
2 bed2 bath1 parking
79
Walk Score
48
Transit
73
Bike
Amenities
Gym
Also listed: Storage - Locker, Recreation Centre, Party Room
Property Details
Property & Lot
- Sub-type
- Apartment
R2
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $754/mo
- Annual property tax
- $2,137 (2025)
Maintenance Fee Includes
Water
Also included: Common Area Maintenance, Electricity, Insurance, Parking
Interior
- Basement
- None
- Heating
- Forced air, Natural gas
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Living room | Flat | — |
| Dining room | Flat | — |
| Kitchen | Flat | — |
| Primary Bedroom | Flat | — |
| Bedroom 2 | Flat | — |
| Sunroom | Flat | — |
Description
Move in ready condo with a great layout. Open concept living, dining and open to Kitchen. spacious kitchen with lots of cupboards and counter space with breakfast bar. Living room open to Sunroom or office. 2 bedroom, 2 bathrooms spacious condo located in the heart of Westmount and steps to Belmont Village shops, restaurants and close proximity to the University of Waterloo and Wilfred Laurier and on the local transit route at the doorstep. Ensuite laundry is convenient. Lots of storage cupboards along the inner hallway with laundry washer and dryer and storage/pantry space. The primary bedroom is a good size with a private ensuite 3 pc bath. The second bedroom has a closet, windows and use of a spacious 4 pc bath. Bright suite with a great south east view and lots of windows providing natural light. Included in condo fees are: het, hydro and water and access to the gym, workshop, sauna, part/games room. A surface private parking spot is available and a owned locker space is included. Absolutely a great price and purchase for a first time home buyer, young professionals, downsizers, seniors even investors using it accommodate students.Note: new heating cooling system installed in 2024 (id:63161)
Listing Information
- MLS®
- X14118434
- Tax assessment year
- 2025
- Data last synced
- October 28, 2026
RE/MAX REALTY SPECIALISTS INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX REALTY SPECIALISTS INC.
MLS® Number: X14118434
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 Toronto Regional Real Estate Board.
Values & Trends
This listing
—
Building average
—
No other active listings in this building
Waterloo average
$476/sqft
185 active listing(s)
Parking: 1 stall(s) includedStorage locker: Included
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% ($17,450) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$279,200.00
Periodic payment — Principal & Interest (monthly)$1,801.30
Additional monthly expenses (condo fees, tax, utilities, etc.)$932.44
Total monthly cost$2,733.75
Interest paid over 5-yr term$80,019.52
Balance at end of term$251,141.30
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$17,450
Stress test qualifying rate8.19%
Payment you must qualify for$2,570.75
Cash Needed at Closing
Minimum down payment$17,450
Estimated Land Transfer Tax (LTT)$3,710
Legal / closing costs (typical estimate)$1,500
Total cash needed$22,660
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.
