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Property Type: Condo / ApartmentOwnership: Condominium
506 - 8 HICKORY STREET W
Waterloo, ON N2L3H6
MLS® X13569574
$710,000
5 bed5 bath1 parking
Amenities
GymVisitor Parking
Also listed: Recreation Centre, Party Room
Property Details
Property & Lot
- Sub-type
- Apartment
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $780/mo
- Annual property tax
- $7,604 (2025)
Maintenance Fee Includes
Also included: Common Area Maintenance, Insurance, Parking
Interior
- Basement
- None
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | — |
| Dining room | Main level | — |
| Kitchen | Main level | — |
| Primary Bedroom | Main level | — |
| Bedroom 2 | Main level | — |
| Bedroom 3 | Main level | — |
| Bedroom 4 | Main level | — |
| Bedroom 5 | Main level | — |
Description
Amazing Investment Opportunity In A Desirable Waterloo Condo - A Student Housing Located Within Walking Distance To The University Of Waterloo & Wilfrid Laurier University. Over 2,000 square feet of functional living space. Carpet-Free Unit Comes Equipped With 5 Spacious Bedrooms, Each Generous In Size And Including Their Own Bathroom, An Open-concept Living and Dining Area, and a Walk/Out to a Spacious Open Balcony. Stainless Steel Appliances, Dishwasher, Washer & Dryer. Unit & Parking Are Rented and Generate a Strong Income, However One Bedroom Can Be Vacant if Needed. Monthly Condo Fees Include Unlimited Bell high-Speed Internet, Water, Parking, Common Elements, Building Insurance, & Central Air Conditioning. The Suite Comes Fully Furnished. The Buildings Modern Exterior Includes An Enclosed Seating Area, Is Wheelchair Accessible And Has A Secured Entrance. Building Amenities Include an Exercise Room, Party/Meeting Room, Games Room, Visitor Parking & Bike Storage, Elevator, and Controlled Entry. Ideally Surrounded by Parks and Recreation. Located Steps to Grand River Transit, and the nearby Conestoga Parkway for Easy Travel Throughout Waterloo Region, Ontario, and the GTA. Some Pictures Use Virtual Staging. (id:63159)
Listing Information
- MLS®
- X13569574
- Tax assessment year
- 2025
- Data last synced
- October 1, 2026
SUTTON GROUP-ADMIRAL REALTY INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: SUTTON GROUP-ADMIRAL REALTY INC.
MLS® Number: X13569574
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: 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: 6.5% ($46,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$568,000.00
Periodic payment — Principal & Interest (monthly)$3,664.54
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,413.61
Total monthly cost$5,078.15
Interest paid over 5-yr term$162,790.43
Balance at end of term$510,917.84
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$46,000
Stress test qualifying rate8.19%
Payment you must qualify for$5,148.48
Cash Needed at Closing
Minimum down payment$46,000
Estimated Land Transfer Tax (LTT)$10,675
Legal / closing costs (typical estimate)$1,500
Total cash needed$58,175
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.