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$357K · 2 bed Condo Apartment · Waterloo | MyPropertyScout

$357,000

Unit 704

81 DOM

2281d

Map

DOM 81

↓ $7,000

$357,000

DOM81days

Unit 704

223 Erb Street · Waterloo · Ontario N2L 0B3

MLS® X12981910 · N2L 0B3

22Vacant900-999 ft²Condo Apartment1-car Underground81d$376/ft²$4,288 tax/yr

81 days on market

About this home

Welcome to this beautifully designed 2 bedroom, 2 bathroom condo that features a spacious eat-in kitchen perfect for both everyday living and entertaining. Boasting an abundance of cabinet space, sleek quartz countertops, and stainless steel appliances, this kitchen is as functional as it is stylish. The open-concept layout flows seamlessly into the bright and inviting living room, where patio doors lead out to your private balcony-ideal for morning coffee or evening relaxation. Both bedrooms ha…

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Property details

MLS#: X12981910
Status: Buy Now
Beds: 2
Baths: 2 full, 0 half
Size: 900-999
Style: Apartment
Type: Condo Apartment
Year built: —

Property features: Park, Place Of Worship, Public Transit, School

Condo corp #: 541
Balcony: Enclosed
Locker: Owned
Association amenities: Bike Storage, Community BBQ, Elevator, Exercise Room, Party Room/Meeting Room, Rooftop Deck/Garden
Fees include: Building Insurance Included, Parking Included
Pets: Yes-with Restrictions

Garage: 1-car Underground
Garage spaces: 1
Parking: 1 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Stucco (Plaster)
Fronting on: —
Cross street: Westmount
Basement: None
Stories: 7
Utilities: —
Laundry: In-Suite Laundry
Interior: Water Heater
Parking features: —

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Room dimensions are not available for this listing.

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: RE/MAX TWIN CITY REALTY INC.

Source: TRREB/PROPTX · MLS® X12981910

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$357K

Unit 704 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $357,000✓ $4,288 tax✓ Gas✓ 900-999 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$4,329/mo

incl. closing costs (yr 1)

Annual total

$51,944

year 1

Mortgage only

$1,354/mo

principal + interest

Beyond mortgage

$2,197/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$71,400

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$357/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~950 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$3,570/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$93/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$3,830

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)31% $16,252/yr

Property taxes16% $8,118/yr

Utilities8% $3,960/yr

Insurance & security3% $1,600/yr

Maintenance7% $3,570/yr

Condo fees26% $13,343/yr

Closing costs10% $5,100/yr

Mortgage is 31% of your true cost of ownership. The other 69% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$16,252	$1,354/mo
Government & taxes
Property tax	$4,288	$357/mo
Land transfer tax(closing)	$3,830	$319/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$3,570	$298/mo
Condo fees
Condo / HOA fees	$13,343	$1,112/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$51,944	$4,329/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 704

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Sales History

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Annual costs