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Property Type: TownhouseOwnership: Condominium
T101 - 62 BALSAM STREET
Waterloo, ON N2L3H2
MLS® X13691902
$499,000
4 bed3.5 bath1 parking
Amenities
Visitor Parking
Property Details
Property & Lot
- Sub-type
- Row / Townhouse
- Stories
- 2
Residential
Ownership & Fees
- Property type
- Townhouse
- Ownership
- Condominium
- Condo / maintenance fee
- $1,273/mo
- Annual property tax
- $4,902.24
Maintenance Fee Includes
Also included: Common Area Maintenance, Insurance, Parking
Interior
- Basement
- Other, See Remarks, N/A
- Heating
- Forced air, Natural gas
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Dining room | Main level | — |
| Kitchen | Main level | — |
| Bedroom | Main level | — |
| Bedroom 2 | Lower level | — |
| Bedroom 3 | Lower level | — |
| Bedroom 4 | Lower level | — |
| Laundry room | Lower level | — |
| Study | Lower level | — |
Description
DIRECTIONS FROM UNIVERSITY AVENUE WEST, TAKE RIGHT ON HAZEL STREET, LEFT ON BALSAM STREET, RIGHT ON LARCH STREET, FIRST RIGHT TO TOWN HOUSE COMPLEX. (BEHIND BUILDING SUITES) (END UNIT CLOSE TO THE RESTAURANT) Spacious, 4 Bedrooms plus 1 additional room, Licensed by the City of Waterloo for this Corner End Unit Townhome, 2.5 Bathrooms, Living room, Ensuite laundry, large kitchen, with one underground parking. CURRENTLY, THE PROERTY IS RENTED FOR $3999/ MONTH. Property is rented. Please allow 48 hours notice for all showings. This property is marvelous to call it a home or an investment in a high-demand rental area. Recession -proof investment. Lots of natural light, Fully furnished, turn- key, Located just minutes from the University of Waterloo and Wilfrid Laurier University, and Technology Park, it is perfect for students and family and professionals alike. Freshly painted with a brand-new A/C unit, 6 months old Washer & Dryer, Fully furnished includes all furniture, 6 appliances, window coverings, TV, open-concept design with a large living/dining area for comfortable living Versatile layout includes a main floor bedroom, Living/Dining, Kitchen, and lower-level 3 bedrooms, study lounge, laundry for added convenience This well-maintained home is close to, shopping, restaurants, banks, Waterloo Park, and major malls, offering a blend of convenience. An Internet, exterior maintenance, is included in the Condo fee. (id:63159)
Listing Information
- MLS®
- X13691902
- Data last synced
- October 6, 2026
HOMELIFE SUPERSTARS REAL ESTATE LIMITED
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: HOMELIFE SUPERSTARS REAL ESTATE LIMITED
MLS® Number: X13691902
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
$362/sqft
90 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% ($24,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$399,200.00
Periodic payment — Principal & Interest (monthly)$2,575.50
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,681.37
Total monthly cost$4,256.87
Interest paid over 5-yr term$114,411.87
Balance at end of term$359,081.69
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$24,950
Stress test qualifying rate8.19%
Payment you must qualify for$3,675.66
Cash Needed at Closing
Minimum down payment$24,950
Estimated Land Transfer Tax (LTT)$6,455
Legal / closing costs (typical estimate)$1,500
Total cash needed$32,905
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.
