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Investment signal

$419,900

643 ALBERT Street Unit# 2

Beds

Baths

2.1

Sqft

—

Year

1974

Location

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About this home

Amazing location—perfect for a first-time home buyer, a parent with a student attending one of the nearby universities, or an investor looking for strong cash flow. This home is freshly painted and located in a desirable complex close to both universities and right on a major bus route. Condo townhouse with a garage that has inside entry, parking for two cars, and visitor parking. This home features 3 spacious bedrooms, updated electrical panel, a newer kitchen, and a dining area that walks out to a private back patio. With low condo fees and an affordable price, this is a great opportunity to own in a thriving, fast-growing city. Come take a look! (id:65958)

Subtype: Single Family
Architectural style: 2 Level
Structure: Row / Townhouse
Community: 421 - Lakeshore/Parkdale
Common interest: Condo/Strata
Living area: 1,087 square feet
Bedrooms: 3 above grade, 0 below grade
Parking: 2 total
Condo/HOA fee: $286.92 monthly
Stories: 2
On market: Apr 15, 2026
Status changed: Apr 15, 2026
Annual tax: $2,580.84
Zoning: RMU-40
Photos: 26
MLS#: 40821133
Area: WATERLOO

Features and systems

Parking

Attached GarageVisitor Parking

Basement

Partially finishedFull

Appliances

RefrigeratorWater softenerStove

Heating

Baseboard heaters

Cooling

None

Exterior

ConcreteAluminum sidingBrick Veneer

Lot

Conservation/green belt

Community

Community Centre

Fee includes

LandscapingInsurance

Negative cash flow ~$578/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-8.26%

Cap rate

4.24%

GRM

14.6

Break-even rent

$3,009

Financing

Down payment$83,980

Loan amount$335,920

Mortgage$2,061/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$192

Insurance$80

Maintenance$350

CapEx reserve$175

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.

Lifestyle 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.

Mortgage estimate

Estimated $2,061/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 15, 2026.