405 Keats Way 2, Waterloo

$499,000
405 Keats Way 2

$499,000

New
25d
Condo Townhouse2-Storey

405 Keats Way 2, Waterloo

Total Monthly Obligation $3,076

Bed+Den
5+2
Baths
3
Park
1
Sqft
1200-1399
DOM
25d
Score
19
Yield
6.1%
Cash on Cash
-4.1%
Cap Rate
3.7%
5Y IRR
12.3%
10Y IRR
12.0%
Property Type-Condo Townhouse
MLS® Number-X13834666
Bed+Den-5+2
Bathrooms-3
Size-1200-1399 sqft
Listed on site-Sep 28, 2026
Style-2-Storey
Building Type-Condo Townhouse
Taxes-$3,280 (2026)
Maintenance-$590/mo
Locker-None
Parking-1 - Carport
Basement-Apartment, Finished
Heating-Forced Air (Gas)
Brokerage-REALTY 21 INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-TBC
Title-Residential Condo & Other

No agent assigned

Stunning, Spacious & Income-Generating Gem Minutes from the University! Welcome to this beautifully maintained and incredibly spacious home offering the perfect blend of comfortable family living and exceptional income potential! Boasting 3+2 bedrooms and 3 full bathrooms across three fully finished levels, this home is a rare find in an unbeatable location. Step inside to discover a bright and airy main floor with stylish vinyl flooring throughout the open-concept living room, dining room, and versatile office/family room. The modern kitchen is a chefs dream, complete with a double sink, new range hood, and a brand-new stove to be installed before closing. The kitchen flows seamlessly into the dining area, which walks out to a private patio perfect for morning coffee or evening gatherings. Upstairs, youll find three oversized bedrooms with generous closet space and a full bathroom, offering ideal space for a growing family. Downstairs, the fully finished basement features two additional bedrooms, a full kitchen, and another full bathroom a perfect in-law suite or private rental unit with fantastic income-generating potential. Previously rented for up to $5,000/month, this home offers a lucrative opportunity for investors, first-time buyers, or those seeking to live upstairs and rent out the basement. The home comes with convenient carport parking right outside the unit, plus free visitor parking. The low monthly maintenance fee includes water, parking, landscaping, and snow removal, making this home both budget-friendly and hassle-free. Located just 5 minutes from the University, this is a prime location for students, professionals, and families alike. Whether you're looking for a beautiful place to call home, a high-yield rental property, or the perfect mix of both this house checks all the boxes. Don't miss your chance to own this bright, spacious, and versatile home in a sought-after area. Book your showing today!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$399,200
Land Transfer Taxes$6,455
Legal Fees (Est.)
$
Total cash required for closing$107,755

Total Monthly Obligation

$3,076/mo
Mortgage $2,013
Monthly Loss $2,546
Principal$530
Interest$1,483
Property Tax$273
Condo Fees$590
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.9%18
Cash-on-Cash
-9.0%1
5-Year IRR
8.8%27
10-Year IRR
9.8%
Returns Index
14.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$30,312/yr
NOI
$14,521/yr
Net Cash Flow
-$803/mo
Cash Margin
-31.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.607
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo52
Risk Index
25.9/ 100

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

Comparables

Properties near 405 Keats Way 2

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.

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Data last updated within the past 24 hours.