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129 203 Herold TERRACE
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Welcome to Unit 129-203 Herold Terrace , quiet townhouse featuring three spacious bedrooms and two bathrooms, ideal for university students or first-time homebuyers. Located in the heart of Lakewood with direct bus service to the university just outside, this move-in-ready home offers a spacious main floor with living room, a dining area, and kitchen equipped with heritage cabinets, a pantry, and ample countertop space. Backyard with a newly repainted deck. Upstairs includes three generous -sized bedrooms and a four-piece bathroom, while the master bedroom with walk-in closet.The basement is fully finished with a cozy family room and storage, laundry, and utility space. Additional features include fresh paint, central air conditioning (2022), central vacuum, new stove & microwave range hood, fridge (2024), and water heater (2019). The property also offers two parking stalls in the front and convenient access to park, shopping and all amenities. Shows 10/10! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Family room | 11.4 × 14 feet | |
| Laundry room | — | |
| Storage | — | |
| Other | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 9 × 14.4 feet | |
| Dining room | 8.7 × 10.5 feet | |
| Kitchen | 9.2 × 9.2 feet | |
| 2pc Bathroom | — |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 11.5 × 12.3 feet | |
| Bedroom | 8.6 × 9.4 feet | |
| Bedroom | 8.1 × 9.1 feet | |
| 4pc Bathroom | — |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
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Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
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Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 14, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Start with mosques, schools, halal restaurants, halal grocery, and transit. Toggle more categories when you want the fuller neighborhood picture.
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