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Property Type: Condo / ApartmentOwnership: Condominium
H204 - 62 BALSAM STREET
Waterloo, ON N2L3H2
MLS® X13752700
$379,999
1 bed2 bath1 parking
Property Details
Property & Lot
- Sub-type
- Apartment
SR2
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $781/mo
- Annual property tax
- $3,630 (2025)
Maintenance Fee Includes
WaterHeat
Interior
- Basement
- None
- Heating
- Forced air, Natural gas
Description
Welcome to 62 Balsam Street Unit H204, where space, convenience and location come together in the heart of Waterloo. Offering nearly 950 sq. ft. of thoughtfully designed living space, this spacious 1 bedroom plus den, 2 bathroom condo is an excellent opportunity for investors, first time buyers or a small family looking to get into the market. The versatile den provides the perfect space for a home office, study area or additional living space, while two full bathrooms add everyday convenience and flexibility. Ideally located just steps from Waterloo's universities, incredible dining, shopping and public transit, everything you need is right at your doorstep. Whether you're looking to add a well located property to your investment portfolio or want a spacious condo in one of Waterloo's most connected neighbourhoods, 62 Balsam Street is an opportunity you won't want to miss. (id:63159)
Listing Information
- MLS®
- X13752700
- Tax assessment year
- 2025
- Data last synced
- October 18, 2026
EXP REALTY
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: EXP REALTY
MLS® Number: X13752700
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:
Similar Listings Nearby
Similar active properties nearby based on property type, price, and size.
Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($19,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$303,999.00
Periodic payment — Principal & Interest (monthly)$1,961.30
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,083.50
Total monthly cost$3,044.80
Interest paid over 5-yr term$87,126.99
Balance at end of term$273,448.08
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$19,000
Stress test qualifying rate8.19%
Payment you must qualify for$2,799.09
Cash Needed at Closing
Minimum down payment$19,000
Estimated Land Transfer Tax (LTT)$4,175
Legal / closing costs (typical estimate)$1,500
Total cash needed$24,675
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.
