655 Albert Street C, Waterloo

$450,000
655 Albert Street C

$450,000

Price Change
23d
Condo Townhouse2-Storey

655 Albert Street C, Waterloo

Total Monthly Obligation $2,624

Beds
2
Baths
1
Park
2
Sqft
1000-1199
DOM
23d
Score
21
Yield
6.2%
Cash on Cash
-1.7%
Cap Rate
4.2%
5Y IRR
14.2%
10Y IRR
13.5%
Property Type-Condo Townhouse
MLS® Number-X13843206
Beds-2
Bathrooms-1
Size-1000-1199 sqft
Listed on site-Sep 30, 2026
Style-2-Storey
Building Type-Condo Townhouse
Taxes-$2,430.64 (2025)
Maintenance-$406.1/mo
Locker-None
Parking-2 - None
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX TWIN CITY REALTY INC.
Cooling-None
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Aluminum Siding, Brick
Possession-other
Title-Residential Condo & Other

No agent assigned

Welcome to this beautifully upgraded 2-bedroom condo townhouse located at 655 Albert Street in Waterloo. Offering approximately 1,100 sq ft of well-designed living space, this home is perfect for first-time buyers, investors, or those looking to downsize without compromising on comfort. Enjoy the added benefit of low property taxes and low condo fees, with water included, helping to keep monthly carrying costs affordable. The main floor features an upgraded kitchen with modern finishes, seamlessly flowing into a bright and functional living and dining area. Sliding doors lead to your private outdoor patio, backing onto a serene creek an ideal setting for relaxing or entertaining. Upstairs, you'll find two spacious bedrooms along with a renovated full bathroom, providing both style and functionality. The unfinished basement offers excellent potential, complete with laundry and ample space for storage, a home gym, or a future recreation room. This unit includes two parking spots and access to plenty of visitor parking. The well-maintained complex also features great amenities, including an outdoor pool and playground. Conveniently located close to public transit, scenic trails, universities, and all major amenities, this is a fantastic opportunity to own in a convenient Waterloo location.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$360,000
Land Transfer Taxes$5,475
Legal Fees (Est.)
$
Total cash required for closing$96,975

Total Monthly Obligation

$2,624/mo
Mortgage $1,815
Monthly Loss $2,146
Principal$478
Interest$1,338
Property Tax$203
Condo Fees$406
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.4%21
Cash-on-Cash
-6.8%1
5-Year IRR
10.4%38
10-Year IRR
11.0%
Returns Index
20.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$27,696/yr
NOI
$15,223/yr
Net Cash Flow
-$547/mo
Cash Margin
-23.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7010
LTV Ratio
80.0%18
Vacancy Buffer
3.7 mo63
Risk Index
30.3/ 100

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

Comparables

Properties near 655 Albert Street C

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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Data last updated within the past 24 hours.