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Property Type: TownhouseOwnership: Condominium
657 ALBERT Street Unit# B
Waterloo, ON N2L3V5
MLS® 40861524
$429,900
3 bed2.5 bath2 parking1,400 sqftBuilt 1972
Property Details
Property & Lot
- Sub-type
- Row / Townhouse
- Stories
- 2
GR
Ownership & Fees
- Property type
- Townhouse
- Ownership
- Condominium
- Condo / maintenance fee
- $561/mo
- Annual property tax
- $2,807.22
Interior
- Basement
- Unfinished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
- Fireplace
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Utility room | Basement | 18'3'' x 32'1'' |
| Storage | Basement | 11'3'' x 23'5'' |
| Bedroom | Second level | 11'3'' x 13'4'' |
| Bedroom | Second level | 8'10'' x 13'11'' |
| Primary Bedroom | Second level | 9'1'' x 18'5'' |
| 4pc Bathroom | Second level | 6'8'' x 8'1'' |
| 2pc Bathroom | Main level | 3'5'' x 6'5'' |
| Kitchen | Main level | 8'4'' x 11'4'' |
| Dining room | Main level | 9'5'' x 11'7'' |
| Living room | Main level | 14'8'' x 22'7'' |
Description
Welcome to this beautifully updated and well-maintained townhouse, offering comfortable living in a fantastic Waterloo location. This home features gas forced-air heating and central air conditioning, providing efficient year-round comfort. Freshly painted throughout, the home offers three bedrooms and an updated bathroom on the upper level. The main floor features a spacious living and dining area with new flooring, plenty of natural light, and a walkout to your private yard backing onto peaceful greenspace. The beautiful maple kitchen includes appliances and offers plenty of cabinetry and workspace. The lower level provides additional flexibility with space for a home office, den, or recreation area, along with a Bosch washer and dryer. Enjoy the many amenities this well-managed complex has to offer, including an outdoor heated inground swimming pool and playground—perfect for summer enjoyment. Condo fees are low and include water. Two parking spaces are included. The location is ideal, with Waterloo Park, St. Jacobs Farmers’ Market, Laurel Creek Conservation Area, and both Waterloo universities just minutes away. Conveniently located close to shopping, recreation, schools, and more. Nothing to do but move in and enjoy! (id:63159)
Listing Information
- MLS®
- 40861524
- Data last synced
- October 4, 2026
Peak Realty Ltd.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Peak Realty Ltd.
MLS® Number: 40861524
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
$307/sqft
Building average
—
No other active listings in this building
421 - Lakeshore/Parkdale average
$407/sqft
18 active listing(s)
Parking: 2 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: 5.0% ($21,495) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$343,920.00
Periodic payment — Principal & Interest (monthly)$2,218.86
Additional monthly expenses (condo fees, tax, utilities, etc.)$864.49
Total monthly cost$3,083.35
Interest paid over 5-yr term$98,568.46
Balance at end of term$309,357.15
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$21,495
Stress test qualifying rate8.19%
Payment you must qualify for$3,166.67
Cash Needed at Closing
Minimum down payment$21,495
Estimated Land Transfer Tax (LTT)$5,073
Legal / closing costs (typical estimate)$1,500
Total cash needed$28,068
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.
