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Property Type: Condo / ApartmentOwnership: Condominium
B408 - 62 BALSAM STREET
Waterloo, ON N2L3H2
MLS® X13743784
$395,900
2 bed2 bath1 parking
Property Details
Property & Lot
- Sub-type
- Apartment
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $682/mo
- Annual property tax
- $3,537
Maintenance Fee Includes
WaterHeat
Also included: Common Area Maintenance
Interior
- Basement
- None
- Heating
- Forced air, Natural gas
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Main level | — |
| Dining room | Main level | — |
| Living room | Main level | — |
| Bedroom | Main level | — |
| Bedroom 2 | Main level | — |
Description
Discover modern living in this stylish 2-bedroom, 2-bathroom condo located in the vibrant heart of Waterloo, just minutes from the university. This unit features an open-concept layout that seamlessly blends functionality with contemporary design, highlighted by sleek finishes and expansive windows that flood the space with natural light.Key Features: Spacious Bedrooms: Each bedroom comes with bathroom, ensuring privacy and convenience for students, professionals, or roommates. Prime Location: Enjoy easy access to public transit, shopping, dining, and all the amenities Waterloo has to offer.Investment Potential: Perfect for investors looking to capitalize on the thriving rental market in this sought-after area.This condo is not just a home; it's a lifestyle. Don't miss your chance to experience convenient and contemporary living in one of Waterloo's most desirable neighborhoods! Schedule a viewing today! (id:63159)
Listing Information
- MLS®
- X13743784
- Data last synced
- October 15, 2026
RE/MAX REAL ESTATE CENTRE INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX REAL ESTATE CENTRE INC.
MLS® Number: X13743784
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: 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% ($19,795) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$316,720.00
Periodic payment — Principal & Interest (monthly)$2,043.37
Additional monthly expenses (condo fees, tax, utilities, etc.)$976.75
Total monthly cost$3,020.12
Interest paid over 5-yr term$90,772.86
Balance at end of term$284,890.66
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$19,795
Stress test qualifying rate8.19%
Payment you must qualify for$2,916.22
Cash Needed at Closing
Minimum down payment$19,795
Estimated Land Transfer Tax (LTT)$4,414
Legal / closing costs (typical estimate)$1,500
Total cash needed$25,709
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.
