253 Albert Street 103, Waterloo

$295,000
253 Albert Street 103

$295,000

New
3d
Condo ApartmentApartment

253 Albert Street 103, Waterloo

Total Monthly Obligation $2,229

Beds
1
Baths
2
Park
0
Sqft
700-799
DOM
3d
Score
22
Yield
8.4%
Cash on Cash
-0.2%
Cap Rate
4.5%
5Y IRR
15.4%
10Y IRR
14.5%
Property Type-Condo Apartment
MLS® Number-X14104358
Beds-1
Bathrooms-2
Size-700-799 sqft
Listed on site-Oct 20, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,768 (2026)
Maintenance-$525.28/mo
Locker-None
Parking-None
Basement-None
Heating-Heat Pump (Gas)
Brokerage-RE/MAX TWIN CITY REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Title-Residential Condo & Other

No agent assigned

Welcome to Unit 103 at 253 Albert Street, Waterloo: Modern Living in the Heart of the University District! Experience this exceptional main-floor condominium located in one of Waterloo's most sought-after buildings. Nestled in the vibrant university district, this beautifully maintained 1-bedroom, 1 Bathroom residence offers an outstanding opportunity for Students, young professionals and investors alike. From the moment you step inside, you'll be captivated by the impressive 13-ft ceilings that create a bright, open and airy atmosphere rarely found in condominium living. The thoughtfully designed kitchen offers ample cabinetry and a functional layout ideal for everyday living and entertaining. Overlooking the main living area, it provides a seamless flow that makes hosting family and friends effortless. One of the standout features of this home is the rare 1.5-bathroom layout, offering added convenience and privacy for residents and guests. The spacious primary bedroom provides a comfortable retreat and enjoys direct access to the private outdoor patio. Step outside to your own fenced patio oasis, accessible through walkouts from both the living room and bedroom. Whether you're enjoying your morning coffee, reading a book, or unwinding after a long day, this private outdoor space offers a peaceful extension of your living area. Additional highlights include in-suite laundry, modern finishes and access to the building's rooftop terrace: an ideal space to relax, socialize and take in the surrounding city views. Situated just a walking distance from Wilfrid Laurier University and University of Waterloo, this property places you at the centre of everything: Restaurants, cafes, grocery stores, shopping and public transit are all just steps from your door. Don't miss your chance to own this rare and stylish condo offering exceptional location, impressive living space and outstanding investment potential in the heart of Waterloo. Book your showing Today!

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$236,000
Land Transfer Taxes$2,900
Legal Fees (Est.)
$
Total cash required for closing$63,400

Total Monthly Obligation

$2,229/mo
Mortgage $1,190
Monthly Loss $1,916
Principal$313
Interest$877
Property Tax$314
Condo Fees$525
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.3%21
Cash-on-Cash
-7.0%1
5-Year IRR
10.6%40
10-Year IRR
11.4%
Returns Index
20.6/ 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
$24,792/yr
NOI
$9,841/yr
Net Cash Flow
-$370/mo
Cash Margin
-17.9%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.6910
LTV Ratio
80.0%18
Vacancy Buffer
4.3 mo74
Risk Index
33.8/ 100

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

Comparables

Properties near 253 Albert Street 103

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.