Loading…
Property Type: Detached HouseOwnership: Freehold
81 WILLOW Street
Waterloo, ON N2J1W3
MLS® 40860943
$799,000
2 bed2 bath1,682 sqftBuilt 1910
Property Details
Property & Lot
- Sub-type
- House
- Style
- Other
- Stories
- 2
- Frontage
- 43 feet
GR2
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $5,891
Interior
- Basement
- Unfinished, Full
- Heating
- Forced air, Boiler, Natural gas
- Fireplace
- None
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Loft | Third level | 7'10'' x 22'7'' |
| Family room | Second level | 14'3'' x 13'10'' |
| Kitchen | Second level | 8'4'' x 14'2'' |
| Office | Second level | 8'2'' x 8'4'' |
| Bedroom | Second level | 12'4'' x 13'2'' |
| 3pc Bathroom | Second level | — |
| 3pc Bathroom | Main level | — |
| Family room | Main level | 10'8'' x 13'8'' |
| Bedroom | Main level | 10'5'' x 11'4'' |
| Kitchen | Main level | 11'7'' x 18'7'' |
Description
Downtown Waterloo Home – A Great Investment Opportunity! Prime downtown Waterloo location! This legal non-conforming duplex offers an excellent opportunity for investors, contractors, and those looking to bring their vision to life. Full of the character and charm of an older home, this property is ready for someone with the experience and resources to complete the renovations and unlock its full potential. With a desirable location close to downtown amenities, shopping, restaurants, transit, schools, and more, this property offers strong potential as a rental investment once the work is completed. Whether you're an experienced investor or a contractor looking for your next project, this is an opportunity to create a valuable income-producing property in a highly sought-after area. (id:63159)
Listing Information
- MLS®
- 40860943
- Data last synced
- September 15, 2026
Royal LePage Wolle Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Royal LePage Wolle Realty
MLS® Number: 40860943
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
$475/sqft
Building average
—
No other active listings in this building
114 - Uptown Waterloo/North Ward average
$399/sqft
36 active listing(s)
Parking: Not indicatedStorage 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: 6.9% ($54,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$639,200.00
Periodic payment — Principal & Interest (monthly)$4,123.90
Additional monthly expenses (condo fees, tax, utilities, etc.)$574.92
Total monthly cost$4,698.82
Interest paid over 5-yr term$183,196.56
Balance at end of term$574,962.47
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$54,900
Stress test qualifying rate8.19%
Payment you must qualify for$5,769.56
Cash Needed at Closing
Minimum down payment$54,900
Estimated Land Transfer Tax (LTT)$12,455
Legal / closing costs (typical estimate)$1,500
Total cash needed$68,855
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.
