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Investment signal

$458,000

266 WESTCOURT PLACE

Beds

3

Baths

2

Sqft

Year

About this home

LOCATION..LOCATION!! Welcome to 266 Westcourt Pl, a spacious two-storey townhome located in the highly desirable Westmount area of Waterloo. Just steps from the University of Waterloo, LRT, bus routes, shopping, and everyday amenities. Whether you are an investor seeking strong rental potential and cash flow, a student, or a buyer looking for a place to call home, this property is a fantastic opportunity. This charming home features 3 bedrooms and 2 full bathrooms, including a convenient main floor bedroom. The fully finished basement provides additional living space perfect for a guest room, recreation room or home office. Upstairs you will find two generously sized bedrooms and an updated 4-piece bathroom. The primary bedroom boasts vaulted ceilings and a large closet. Additional highlights include a renovated kitchen, new flooring on the main level and a finished basement ready for immediate enjoyment. One parking space included. Don't miss this great opportunity in one of Waterloo's most sought-after locations. "Some photos are virtually staged" (id:65958)

Subtype
Single Family
MLS#
X12991310
Area
WATERLOO
Negative cash flow ~$830/mo at these assumptions

Cash on cash

-10.88%

Cap rate

3.71%

GRM

15.9

Break-even rent

$3,274

Financing

Down payment$91,600
Loan amount$366,400
Mortgage$2,248/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$210
Insurance$80
Maintenance$382
CapEx reserve$191
Vacancy loss$120

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $2,248/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 14, 2026.

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