Home with brick exterior material, street for 62 Balsam St #T101, Waterloo Ontario N2L 3H2
20 hours on Market

62 Balsam St #T101, Waterloo, Ontario N2L 3H2

In the same building:
-
Condo
3
3
~1600-1799 sqft
$679,900
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Condo
3
3
~1600-1799 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$401/sqft

Est. Mortgage$2,920/mo

Maintenance fees$953/mo

Tax Amount (2024)$4,568/yr

Days On Market20 hours


Description

Welcome to 62 Balsam Street, Waterloo a rare and exceptional opportunity to own a fully furnished, turn-key investment property in one of the city's most vibrant and high-demand areas. Ideally located just a short walk from both the University of Waterloo and Wilfrid Laurier University, this beautifully maintained home is perfectly suited for student rentals or young professionals seeking convenience and community. The property features four generously sized bedrooms and three full bathrooms, offering ample space and comfort for all occupants. Every room is thoughtfully furnished with a double bed and mattress, study desk, and chair, making it move-in ready from day one. The interior is carpet-free throughout and has been freshly painted, creating a clean and modern living environment. The spacious kitchen is equipped with granite countertops, a fridge, stove, dishwasher, and microwave, as well as a cozy breakfast area for casual dining. The open-concept living and dining area provides the perfect space for relaxing or entertaining guests. Additional features include in-unit laundry with a washer and dryer, high-speed internet availability, and access to underground parking, which is available for lease starting at $195 per month. Situated close to major amenities such as public transit, shopping centers, restaurants, and entertainment options, this home offers unmatched convenience for tenants and strong rental income potential for investors. Whether you're expanding your real estate portfolio or entering the market for the first time, this property presents an incredible investment opportunity in the heart of Waterloo.


Property Details

StyleStacked Townhouse
View-
Age of property-
SqFt~1600-1799 SqFt
Lot Size-
Parking Spaces-
MLS ®NumberX12138149
Community NameColumbia
Data SourceTRREB
Listing byRE/MAX TWIN CITY REALTY INC.

Features

Heating: Forced Air
Cooling: Central Air
Fireplace
Basement: Full, Finished

Main Floor

Living

4.3 x 3.4

Kitchen

2.8 x 3.7

Dining

3.0 x 2.5

Den

4.4 x 2.9


Features

Patio: Terr
Balcony: Terr

1Story
Inclusions
Hydro
Water
Parking
Cable
Heat

Property listed by RE/MAX TWIN CITY REALTY INC., Brokerage

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Market Data - Columbia

Geo Zone Map ThumbnailColumbia

Strong Buyer's Market

View Market Data

Condo - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

49 days

Compared to

2024

32 days

2023

35 days

2022

13 days

New Listings

Past 30 days

46 listings

Compared to

2024

45 listings

2023

35 listings

2022

62 listings

Units sold

Past 30 days

5 units

Compared to

2024

15 units

2023

21 units

2022

18 units

Median Sold Price

Past 30 days

$455,000

Compared to

2024

$415,000

2023

$488,000

2022

$542,500


Population and Demographics

Overview

Total population 7359
Average household income $71,241

Age (%)

20 to 34
64%
0 to 19
15%
35 to 49
9%
50 to 64
7%
65 and plus
5%

Household composition (%)

Single person
40%
Multi person
32%
Single family
28%
Multi family
0%

Mother tongue (%)

English
56%
Mandarin
17%
Hindi
5%
Others
3%
Punjabi (Panjabi)
3%
Arabic
3%
Gujarati
2%
Spanish
2%
Telugu
1%

House tenancy (%)

Renters
86%
Owners
14%

Schools and amenities

Estimated Budget