330 Phillip Street N206, Waterloo

$389,900
330 Phillip Street N206

$389,900

New
22d
Condo ApartmentApartment

330 Phillip Street N206, Waterloo

Total Monthly Obligation $2,354

Bed+Den
2+1
Baths
1
Park
0
Sqft
500-599
DOM
22d
Score
23
Yield
6.8%
Cash on Cash
0.1%
Cap Rate
4.6%
5Y IRR
15.7%
10Y IRR
14.7%
Property Type-Condo Apartment
MLS® Number-X13855700
Bed+Den-2+1
Bathrooms-1
Size-500-599 sqft
Listed on site-Oct 1, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,329 (2025)
Maintenance-$303.87/mo
Locker-Owned
Parking-None
Basement-None
Heating-Forced Air (Gas)
Brokerage-SAVE MAX REAL ESTATE INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-60-89 days
Title-Residential Condo & Other

No agent assigned

Icon 330 modern 1 Bedroom + Den condominium located directly across from the University of Waterloo and Wilfrid Laurier University. Features an urban, furnished layout ideal for students, young professionals, and investors. Enjoy premium amenities including a fitness centre, yoga studio, sauna, study lounges, games room, basketball court, rooftop patio, and Wi-Fi throughout the building. Equipped with granite countertops, stainless steel fridge, stove, dishwasher, microwave, and in-suite washer and dryer. New washer and over-the-range microwave. 24/7 security and excellent property management make this an outstanding investment opportunity for premium student living. Currently leased for $2100/month, vacant possession can be provided.

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

Closing Costs

Mortgage Amount
$311,920
Land Transfer Taxes$4,324
Legal Fees (Est.)
$
Total cash required for closing$83,804

Total Monthly Obligation

$2,354/mo
Mortgage $1,573
Monthly Loss $1,940
Principal$414
Interest$1,159
Property Tax$277
Condo Fees$304
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.7%24
Cash-on-Cash
-5.4%2
5-Year IRR
11.5%47
10-Year IRR
11.9%
Returns Index
24.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$26,352/yr
NOI
$14,341/yr
Net Cash Flow
-$378/mo
Cash Margin
-17.2%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.7612
LTV Ratio
80.0%18
Vacancy Buffer
4.1 mo70
Risk Index
33.5/ 100

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

Comparables

Properties near 330 Phillip Street N206

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.