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Investment signal

$399,999

B207 - 62 BALSAM STREET

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Beds

Baths

2 full + 1 half

Sqft

—

Year

—

Type

Single Family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Waterloo. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Welcome to Sage 3 Unit B207 a stylish and meticulously maintained 1+1 bedroom, 1.5-bath condo located in the heart of Waterloo's thriving university district. Perfect for both end-users and investors, this 777 sq. ft. furnished suite offers modern open-concept living with granite countertops, stainless steel appliances, and ample kitchen storage. The spacious den provides flexibility to be used as a home office, guest space, or second bedroom offering the functionality of a two-bedroom unit without the extra cost. Enjoy in-suite laundry, and a large balcony with access from the living room. Just steps from Wilfrid Laurier University and the University of Waterloo, this unit is ideal for students, young professionals, or savvy investors. With its prime location, thoughtful layout, and strong rental appeal, Unit B207 is a smart and versatile investment opportunity (id:65958)

Subtype: Single Family
Structure: Apartment
Common interest: Condo/Strata
Bedrooms: 1 above grade, 1 below grade
Parking: 0 total
Condo/HOA fee: $504.02 monthly
On market: Apr 23, 2026
Status changed: Apr 23, 2026
Annual tax: $2,894.91
Photos: 15
MLS#: X13035170
Area: WATERLOO

Features and systems

Parking

No Garage

Basement

None

Appliances

Water meterWater Heater - TanklessWater Heater

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

BrickConcrete Block

Lot

Flat siteBalconyIn suite Laundry

Community

Pets not AllowedSchool Bus

Fee includes

HeatWaterInsurance

Negative cash flow ~$485/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-7.27%

Cap rate

3.41%

GRM

16.7

Break-even rent

$2,510

Financing

Down payment$80,000

Loan amount$319,999

Mortgage$1,621/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$183

Insurance$80

Maintenance$333

CapEx reserve$167

Vacancy loss$100

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 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 $1,621/mo at 4.5% with 20% down, 30-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 23, 2026.