62 Balsam Street B508, Waterloo

$375,000
62 Balsam Street B508

$375,000

New
4d
Condo ApartmentApartment

62 Balsam Street B508, Waterloo

Total Monthly Obligation $2,574

Beds
2
Baths
2
Park
0
Sqft
800-899
DOM
4d
Score
20
Yield
7.2%
Cash on Cash
-2.5%
Cap Rate
4.0%
5Y IRR
13.6%
10Y IRR
13.0%
Property Type-Condo Apartment
MLS® Number-X14092212
Beds-2
Bathrooms-2
Size-800-899 sqft
Listed on site-Oct 19, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,365.81 (2026)
Maintenance-$580.5/mo
Locker-None
Parking-Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RIGHT AT HOME REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Flexible
Title-Residential Condo & Other

No agent assigned

Welcome to 62 Balsam Street! Discover the perfect blend of comfort, convenience, and contemporary living in this spacious 869 sq. ft. Sage condo, complete with a generous private balcony. Ideal for singles, young couples, first-time buyers, or investors, this well-appointed unit offers modern finishes, granite countertops throughout, and stainless steel appliances.Featuring a versatile 1-bedroom plus den layout, this spacious unit offers flexibility for a home office, guest space, or additional living area. The primary bedroom boasts a private 4-piece ensuite, adding comfort and convenience to everyday living.Location, location, location! Enjoy being within walking distance of Wilfrid Laurier University's Lazaridis School of Business and Economics, the University of Waterloo, public transportation, and grocery stores. Whether you're looking for a convenient lifestyle close to campus and amenities or a property in a desirable rental location, this condo checks all the boxes.For investors, the added bonus of excellent AAA tenants already in place offers the potential for immediate rental income. For end-users, the spacious layout, modern features, and unbeatable location make this an excellent place to call home.Whether you're buying your first home, starting a new chapter as a couple, or expanding your investment portfolio, this Sage condo offers exceptional versatility and value.Modern Comfort. Prime Location. Endless Possibilities.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$300,000
Land Transfer Taxes$4,100
Legal Fees (Est.)
$
Total cash required for closing$80,600

Total Monthly Obligation

$2,574/mo
Mortgage $1,513
Monthly Loss $2,176
Principal$398
Interest$1,115
Property Tax$280
Condo Fees$581
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.3%1
5-Year IRR
9.5%32
10-Year IRR
10.4%
Returns Index
16.9/ 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
$26,916/yr
NOI
$11,493/yr
Net Cash Flow
-$555/mo
Cash Margin
-24.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.638
LTV Ratio
80.0%18
Vacancy Buffer
3.7 mo64
Risk Index
30.0/ 100

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

Comparables

Properties near 62 Balsam Street B508

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.