Loading…
Property Type: Condo / ApartmentOwnership: Condominium
8 HICKORY Street W Unit# 404
Waterloo, ON N2L3H6
MLS® 40869562
$479,000
3 bed2 bath1 parking1,399 sqft
Amenities
Gym
Also listed: Party Room
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 1
GR
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $646/mo
- Annual property tax
- $5,658
Interior
- Basement
- None
- Heating
- Forced air
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 9'7'' x 18'7'' |
| Kitchen | Main level | 19'5'' x 13'5'' |
| Laundry room | Main level | — |
| 4pc Bathroom | Main level | — |
| 3pc Bathroom | Main level | — |
| Bedroom | Main level | 9'2'' x 15'2'' |
| Bedroom | Main level | 9'5'' x 15'2'' |
| Primary Bedroom | Main level | 9'3'' x 14'2'' |
Description
Exceptional investment opportunity in the heart of Waterloo! This spacious 1,399 sq ft, 3-bedroom, 2-bathroom unit features a rare 600 sq ft private terrace, offering unmatched appeal for tenants and enhancing rental value. Ideally located just steps to University Ave & King St, with strong demand from students and young professionals. Functional layout with oversized bedrooms allows for flexible rental configurations, with potential income up to $3,000/month. Includes modern finishes such as granite countertops, stainless steel appliances, in-suite laundry, and 9 ft ceilings. Quiet unit, same-floor access to amenities, and convenient stair entry. One owned parking space provides additional income potential (~$150/month). A turnkey, high-demand investment with excellent cash flow potential. (id:63159)
Listing Information
- MLS®
- 40869562
- Data last synced
- October 7, 2026
SOLID STATE REALTY INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: SOLID STATE REALTY INC.
MLS® Number: 40869562
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
$342/sqft
Building average
—
No other active listings in this building
417 - Beechwood/University average
$513/sqft
51 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:
Similar Listings Nearby
Similar active properties nearby based on property type, price, and size.
Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($23,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$383,200.00
Periodic payment — Principal & Interest (monthly)$2,472.28
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,187.41
Total monthly cost$3,659.69
Interest paid over 5-yr term$109,826.22
Balance at end of term$344,689.64
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$23,950
Stress test qualifying rate8.19%
Payment you must qualify for$3,528.34
Cash Needed at Closing
Minimum down payment$23,950
Estimated Land Transfer Tax (LTT)$6,055
Legal / closing costs (typical estimate)$1,500
Total cash needed$31,505
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.
