330 Phillip Street S704, Waterloo

$449,000
330 Phillip Street S704

$449,000

New
25d
Condo Apartment1 Storey/Apt

330 Phillip Street S704, Waterloo

Total Monthly Obligation $2,682

Beds
1
Baths
1
Park
0
Sqft
800-899
DOM
25d
Score
20
Yield
6.0%
Cash on Cash
-3.0%
Cap Rate
3.9%
5Y IRR
13.2%
10Y IRR
12.7%
Property Type-Condo Apartment
MLS® Number-X13835902
Beds-1
Bathrooms-1
Size-800-899 sqft
Listed on site-Sep 28, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$4,233 (2025)
Maintenance-$318.37/mo
Locker-Owned
Parking-None
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX TWIN CITY REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-60-90 DAYS
Title-Residential Condo & Other

No agent assigned

Welcome to Icon 330 - South Tower, a modern and stylish furnished 1-bedroom + den condominium ideally located directly across from the University of Waterloo and minutes from Wilfrid Laurier University. This thoughtfully designed unit features a private balcony, granite countertops, stainless steel appliances, in-suite washer and dryer, and a functional den-perfect for a home office or additional living space. Enjoy an impressive selection of building amenities, including a fitness center, yoga studio, sauna, game room, rooftop patio, basketball lounge, and study lounge. Located in a 24/7 monitored security building, this property offers convenience, comfort, and peace of mind. An excellent opportunity for students, investors, or anyone seeking premium urban living in one of Waterloo's most sought-after locations. Don't miss this exceptional opportunity!

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$
%
%
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$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$359,200
Land Transfer Taxes$5,455
Legal Fees (Est.)
$
Total cash required for closing$96,755

Total Monthly Obligation

$2,682/mo
Mortgage $1,811
Monthly Loss $2,206
Principal$477
Interest$1,335
Property Tax$353
Condo Fees$318
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.0%1
5-Year IRR
9.5%32
10-Year IRR
10.3%
Returns Index
17.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$27,132/yr
NOI
$13,965/yr
Net Cash Flow
-$647/mo
Cash Margin
-28.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo61
Risk Index
29.2/ 100

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

Comparables

Properties near 330 Phillip Street S704

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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Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

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The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.