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Property Type: Condo / ApartmentOwnership: Condominium
509 - 225 HARVARD PLACE N
Waterloo, ON N2J4H4
MLS® X13804754
$227,000
2 bed2.5 bath1 parking
Amenities
Also listed: Storage - Locker
Property Details
Property & Lot
- Sub-type
- Apartment
GR
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $1,077/mo
- Annual property tax
- $2,134 (2026)
Maintenance Fee Includes
WaterHeat
Also included: Common Area Maintenance, Electricity, Insurance, Parking
Interior
- Basement
- None
- Heating
- Baseboard heaters, Natural gas
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Main level | — |
| Dining room | Main level | — |
| Kitchen | Main level | — |
| Living room | Main level | — |
| Primary Bedroom | Main level | — |
| Sunroom | Main level | — |
Description
Comfort, convenience and lifestyle come together at 225 Harvard Place in the heart of Waterloo. This bright and spacious 2-bedroom, 2-bathroom condo offers an excellent opportunity for first-time buyers, downsizers or investors. The open-concept living and dining area is filled with natural light from large windows and opens to a private balcony-an ideal spot for morning coffee or relaxing at the end of the day. The kitchen features a practical layout with ample cabinetry, while both bedrooms are generously sized. The primary bedroom includes its own ensuite bath for added privacy and convenience. One of the standout features of this unit is air conditioning, something only a limited number of units in the building offer, providing added comfort throughout the warmer months. The well-maintained building offers an impressive range of amenities, including an exercise room, library, party room, sauna, tennis court, workshop and plenty of visitor parking. Even better, all utilities are included in the condo fees, helping make monthly expenses simple and predictable. The location is hard to beat, with shopping and public transit just steps away, quick access to the expressway and both universities only minutes from your door. Whether you are looking for a comfortable place to call home or a well-located Waterloo investment, this spacious condo offers excellent value, convenience and flexibility. (id:63159)
Listing Information
- MLS®
- X13804754
- Tax assessment year
- 2026
- Data last synced
- September 19, 2026
RE/MAX TWIN CITY REALTY INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX TWIN CITY REALTY INC.
MLS® Number: X13804754
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:
Similar Listings Nearby
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($11,350) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$181,600.00
Periodic payment — Principal & Interest (monthly)$1,171.62
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,254.83
Total monthly cost$2,426.45
Interest paid over 5-yr term$52,047.08
Balance at end of term$163,349.79
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$11,350
Stress test qualifying rate8.19%
Payment you must qualify for$1,672.09
Cash Needed at Closing
Minimum down payment$11,350
Estimated Land Transfer Tax (LTT)$1,995
Legal / closing costs (typical estimate)$1,500
Total cash needed$14,845
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.
