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Property Type: TownhouseOwnership: Condominium
T106 - 62 BALSAM STREET
Waterloo, ON N2L3H2
MLS® X13615358
$499,999
5 bed3.5 bath1 parking
Property Details
Property & Lot
- Sub-type
- Row / Townhouse
- Stories
- 2
Residential
Ownership & Fees
- Property type
- Townhouse
- Ownership
- Condominium
- Condo / maintenance fee
- $1,275/mo
- Annual property tax
- $4,900
Maintenance Fee Includes
Heat
Also included: Common Area Maintenance, Insurance, Parking
Interior
- Basement
- None
- Heating
Description
Move-in ready, fully furnished 4 bedrooms + den townhouse, 3 min walking distance to Wilfred Laurier University and 12 min to University of Waterloo, fully furnished with one bed, one desk and one chair in each bedroom, living room set in living room, dining room set in dining room, 3 bathrooms, primary bedroom on the main floor, two of the bedrooms have walk out to backyard, high ceilings, in-suite laundry, ideal for investment and / or self use. asking for less than $300 psf. (id:63159)
Listing Information
- MLS®
- X13615358
- Data last synced
- September 15, 2026
HOMELIFE BROADWAY REALTY INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: HOMELIFE BROADWAY REALTY INC.
MLS® Number: X13615358
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% ($25,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$399,999.00
Periodic payment — Principal & Interest (monthly)$2,580.66
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,683.33
Total monthly cost$4,263.99
Interest paid over 5-yr term$114,640.86
Balance at end of term$359,800.39
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$25,000
Stress test qualifying rate8.19%
Payment you must qualify for$3,683.02
Cash Needed at Closing
Minimum down payment$25,000
Estimated Land Transfer Tax (LTT)$6,475
Legal / closing costs (typical estimate)$1,500
Total cash needed$32,975
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.
