265 Westcourt Place PH9, Waterloo

$1,499,000
265 Westcourt Place PH9

$1,499,000

New
22d
Condo Apartment1 Storey/Apt

265 Westcourt Place PH9, Waterloo

Total Monthly Obligation $8,466

Beds
2
Baths
3
Park
2
Sqft
2000-2249
DOM
22d
Score
14
Yield
3.7%
Cash on Cash
-13.0%
Cap Rate
1.8%
5Y IRR
5.5%
10Y IRR
6.8%
Property Type-Condo Apartment
MLS® Number-X13849294
Beds-2
Bathrooms-3
Size-2000-2249 sqft
Listed on site-Oct 1, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-31-50
Taxes-$5,872.27 (2026)
Maintenance-$1,730/mo
Locker-Exclusive
Parking-2 - Underground
Basement-None
Heating-Forced Air (Electric)
Brokerage-CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick Veneer
Roof-Tar and Gravel
Foundation-Poured Concrete
Possession-Flexible
Title-Residential Condo & Other

No agent assigned

Welcome to PH9 at 265 Westcourt Place, an exceptional penthouse offering over 2,200 sq. ft. of refined living space in the heart of Waterloo. Created by combining two original suites, this expansive residence offers a scale rarely found in condominium living, with impressive craftsmanship, western exposure and beautiful views overlooking protected green space. A grand foyer with Italian marble flooring leads into a spectacular great room designed for everyday living and entertaining. Wall-to-wall windows fill the space with natural light, while cherry hardwood flooring, custom German cabinetry, a wet bar with Italian marble countertop, built-in speakers and balcony access create an unforgettable gathering space. The beautifully appointed kitchen features granite countertops, slate flooring, under-cabinet lighting, reverse osmosis, two built-in Bosch ovens and a JennAir five-burner cooktop. The spacious dining room comfortably accommodates 12+. The remarkable primary retreat spans approximately 665 sq. ft. with a sitting area, balcony access, two walk-in closets and two private ensuites finished with Italian marble, including a Jacuzzi tub, walk-in shower and distinctive 24-karat gold fixtures. Additional highlights include two Florida rooms, in-suite laundry, a climate-controlled wine cellar accommodating approximately 200 bottles, Hunter Douglas window coverings, new washer/dryer (2026), triple-glazed windows (2016), two furnaces (2021), two parking spaces and two lockers. Offered substantially furnished with custom built-ins, and electronics for a turnkey lifestyle. The well-managed building offers a party room, two-bedroom guest suite, fitness room, library, workshop, car wash and secure entry. Ideally located steps from Waterloo Park and the Recreation Complex, with Uptown Waterloo, universities, shopping, dining, transit and Westmount Golf & Country Club nearby. A rare penthouse with exceptional space, comfort and lasting views.

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Closing Costs

Mortgage Amount
$1,199,200
Land Transfer Taxes$26,455
Legal Fees (Est.)
$
Total cash required for closing$327,755

Total Monthly Obligation

$8,466/mo
Mortgage $6,047
Monthly Loss $6,875
Principal$1,591
Interest$4,455
Property Tax$489
Condo Fees$1,730
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.4%9
Cash-on-Cash
-15.9%0
5-Year IRR
3.3%7
10-Year IRR
5.6%
Returns Index
4.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$55,812/yr
NOI
$21,199/yr
Net Cash Flow
-$4,280/mo
Cash Margin
-92.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.292
LTV Ratio
80.0%18
Vacancy Buffer
1.1 mo19
Risk Index
13.0/ 100

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

Comparables

Properties near 265 Westcourt Place PH9

Time

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