406 Craigleith Drive 3, Waterloo

$600,000
406 Craigleith Drive 3

$600,000

New
8d
Condo Townhouse2-Storey

406 Craigleith Drive 3, Waterloo

Total Monthly Obligation $3,969

Beds
2
Baths
4
Park
1
Sqft
1600-1799
DOM
8d
Score
17
Yield
6.0%
Cash on Cash
-7.1%
Cap Rate
3.1%
5Y IRR
10.0%
10Y IRR
10.2%
Property Type-Condo Townhouse
MLS® Number-X14083954
Beds-2
Bathrooms-4
Size-1600-1799 sqft
Listed on site-Oct 15, 2026
Style-2-Storey
Building Type-Condo Townhouse
Age-31-50
Taxes-$4,411.36 (2026)
Maintenance-$981.63/mo
Locker-None
Parking-2 - Attached
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-RE/MAX ICON REALTY
Cooling-Central Air
Laundry-No
Fireplace-Electric, Family Room, Natural Gas, Living Room
Pool-None
Exterior-Aluminum Siding, Brick
Roof-Asphalt Shingle
Possession-Flexible
Title-Residential Condo & Other

No agent assigned

The Ultimate "Right-Sizing" Opportunity. Welcome to Clair Creek; an exclusive, quiet enclave of just 12 luxury condos where your privacy, security, and lifestyle are paramount. Designed with generous square footage and an abundance of storage, this home allows you to free up your time without ever sacrificing the things you love. Say goodbye to outdoor chores-all groundskeeping and even window cleaning are completely taken care of for you. Inside, you are greeted by beautiful hardwood floors across the formal living room and dining room and an influx of natural sunlight from the abundance of windows. The main floor features a private deck right off the updated kitchen, perfect for your morning coffee or evening relaxation. Upstairs, the expansive primary bedroom is a true retreat, offering enough space to incorporate a private library, a home office, or a grand dressing room. Every room throughout the home is generously sized to accommodate your favorite furniture pieces and collections. The lower level offers a flexible recreation room ready to adapt to your needs-whether that's a home gym, an executive office, or a private theatre room. Best of all, it features a "secret tunnel" providing direct garage access straight from the basement. When it comes to amenities, you get the best of both worlds. You are just blocks away from two major grocery stores and plaza conveniences, but you also hold an exclusive membership to the Craigleith Homes Association. Tucked just beyond the forest trees-accessible via a scenic footpath and bridge over Clair Creek-you'll find a community pool (complete with lifeguards, lessons, and events), tennis courts, and pickleball courts. Live maintenance-free without compromising on space, community, or convenience.

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

Closing Costs

Mortgage Amount
$480,000
Land Transfer Taxes$8,475
Legal Fees (Est.)
$
Total cash required for closing$129,975

Total Monthly Obligation

$3,969/mo
Mortgage $2,420
Monthly Loss $3,333
Principal$637
Interest$1,783
Property Tax$368
Condo Fees$982
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.3%14
Cash-on-Cash
-11.6%0
5-Year IRR
6.8%17
10-Year IRR
8.4%
Returns Index
9.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$36,240/yr
NOI
$14,025/yr
Net Cash Flow
-$1,251/mo
Cash Margin
-41.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.484
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo39
Risk Index
20.5/ 100

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

Comparables

Properties near 406 Craigleith Drive 3

Time

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