338 Albert Street 114, Waterloo

$550,000
338 Albert Street 114

$550,000

New
30d
Condo Townhouse2-Storey

338 Albert Street 114, Waterloo

Total Monthly Obligation $3,413

Bed+Den
3+3
Baths
3
Park
1
Sqft
700-799
DOM
30d
Score
15
Yield
2.7%
Cash on Cash
-19.5%
Cap Rate
0.4%
5Y IRR
0.5%
10Y IRR
3.2%
Property Type-Condo Townhouse
MLS® Number-X13817356
Bed+Den-3+3
Bathrooms-3
Size-700-799 sqft
Listed on site-Sep 23, 2026
Style-2-Storey
Building Type-Condo Townhouse
Taxes-$4,779.34 (2026)
Maintenance-$596.46/mo
Locker-None
Parking-1 - None
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Vinyl Siding
Roof-Flat
Possession-Flexible
Title-Residential Condo & Other

No agent assigned

Welcome to Ivy Towns 3 by IN8 Developments, a spacious and modern stacked condo ideally suited for investors, students, or those looking for a low-maintenance home in a prime Waterloo location. This bright two-level unit offers approximately 1,600 sq. ft. of thoughtfully designed living space, featuring three bedrooms, three bathrooms, plus a versatile den/study that could easily function as a fourth bedroom. The open-concept layout provides comfortable living and dining areas, complemented by durable porcelain and laminate flooring throughout, in-suite laundry, and a private balcony. One exclusive parking space is included. Built in 2018 and well maintained, the unit is currently vacant, offering immediate possession and excellent flexibility for an investor. Condo fees include water and WiFi. Located within approximately a 10-minute walk of both Wilfrid Laurier University and the University of Waterloo, with easy access to Conestoga College's Waterloo campus, Uptown Waterloo, Waterloo Park, Conestoga Mall, and the LRT at UW Station. A fantastic opportunity to own a spacious, turnkey property in a highly sought-after university community.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$440,000
Land Transfer Taxes$7,475
Legal Fees (Est.)
$
Total cash required for closing$118,975

Total Monthly Obligation

$3,413/mo
Mortgage $2,219
Monthly Loss $2,829
Principal$584
Interest$1,635
Property Tax$398
Condo Fees$596
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
-0.1%4
Cash-on-Cash
-23.1%0
5-Year IRR
-2.0%1
10-Year IRR
1.8%
Returns Index
1.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$15,096/yr
NOI
-$750/yr
Net Cash Flow
-$2,281/mo
Cash Margin
-181.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
-0.031
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
22.1/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 338 Albert Street 114

Time

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