244 Royal Street, Waterloo

$649,900
244 Royal Street

$649,900

New
8d
DetachedBungalow

244 Royal Street, Waterloo

Total Monthly Obligation $3,382

Beds
3
Baths
2
Park
3
Sqft
1500-2000
DOM
8d
Score
22
Yield
6.0%
Cash on Cash
1.2%
Cap Rate
4.8%
5Y IRR
16.5%
10Y IRR
15.4%
Property Type-Detached
MLS® Number-X14080556
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-58.5 × 153.25 ft
Listed on site-Oct 15, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$4,631 (2025)
Parking-3 - None
Basement-Full, Finished
Heating-Forced Air (Oil)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-No
Fireplace-Roughed In
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-60+ Days
Title-Residential Freehold

No agent assigned

Discover the possibilities at 244 Royal St. This inviting three-bedroom, two-bathroom bungalow offers a practical layout, modern updates and flexible living space to suit a variety of needs. The main level features a bright living room that connects seamlessly to the updated kitchen, renovated approximately three years ago with stainless steel appliances, contemporary cabinetry and a sleek tiled backsplash. Just beyond the kitchen, a spacious rear family room offers a second gathering space, ideal for hosting guests or enjoying a quiet night in. Three well-sized bedrooms and an updated main-floor bathroom complete the main level. Downstairs, the finished basement expands the home's functionality with an updated three-piece bathroom, a dedicated laundry area and a large recreation space that can be adapted to your lifestyle, whether you envision a media room, home office, workout area or additional space for entertaining. Outside, the backyard deck creates the perfect setting for morning coffee, summer barbecues or unwinding at the end of the day. With its comfortable layout, key updates and additional finished living space, this well-maintained Waterloo bungalow offers plenty of opportunity to settle in and make it your own.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$519,920
Land Transfer Taxes$9,473
Legal Fees (Est.)
$
Total cash required for closing$140,953

Total Monthly Obligation

$3,382/mo
Mortgage $2,622
Monthly Loss $2,693
Principal$690
Interest$1,932
Property Tax$386
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.0%27
Cash-on-Cash
-4.1%3
5-Year IRR
12.4%53
10-Year IRR
12.5%
Returns Index
27.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$38,760/yr
NOI
$25,753/yr
Net Cash Flow
-$475/mo
Cash Margin
-14.7%0
Cash Flow Index
0.3/ 100
Risk Profile
Weight: 20%
DSCR
0.8215
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
26.6/ 100

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

Comparables

Properties near 244 Royal Street

Time

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Data last updated within the past 24 hours.