$709K · 5 bed Condo Apartment · Waterloo

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About this home

Calling All Investors! Welcome to 8 Hickory Street W, Unit 203, Waterloo - the ultimate income-generating investment property in a prime student rental location within walking distance to the University of Waterloo and Wilfrid Laurier University. This renovated condo offers over 2,000 sq. ft. of functional living space with laminate flooring throughout, 5 spacious bedrooms, 5 bathrooms, an open-concept living and dining area, and a walk-out to a spacious open balcony with room for outdoor furnit…

Property details

MLS#

X13486974

Status

Buy Now

Beds

Baths

5 full, 0 half

Size

2000-2249

Style

Apartment

Type

Condo Apartment

Year built

—

Property features: Hospital, Library, Park, Public Transit, Rec./Commun.Centre, School

View: City, Clear, Trees/Woods

Condo corp #: 560
Balcony: Open
Locker: None
Association amenities: Party Room/Meeting Room, Exercise Room, Visitor Parking, Bike Storage, Game Room, Elevator
Fees include: CAC Included, Common Elements Included, Building Insurance Included, Parking Included, Water 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: Brick, Stone · Controlled Entry, Landscaped, Lighting, Year Round Living
Fronting on: —
Cross street: King St. N. & University Ave. W.
Basement: None
Stories: 2
Utilities: —
Laundry: In-Suite Laundry, In Kitchen
Interior: Auto Garage Door Remote, Carpet Free, Primary Bedroom - Main Floor, Water Heater
Parking features: Underground

Rooms

Level	Room	Dimensions
Flat	Living Room	5.31m × 3.86m
Flat	Dining Room	5.64m × 5.49m
Flat	Kitchen	5.64m × 5.49m
Flat	Bedroom	2.95m × 7.04m
Flat	Bathroom	1.73m × 1.85m
Flat	Bedroom 2	2.84m × 7.04m
Flat	Bathroom	1.68m × 1.85m
Flat	Bedroom 3	2.82m × 7.04m
Flat	Bathroom	1.65m × 1.85m
Flat	Bedroom 4	2.84m × 7.04m
Flat	Bathroom	2.69m × 1.57m
Flat	Bedroom 5	3.1m × 6.45m
Flat	Bathroom	1.65m × 1.85m

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $709,000✓ $7,483 tax✓ Gas✓ 2000-2249 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$6,577/mo

incl. closing costs (yr 1)

Annual total

$78,919

year 1

Mortgage only

$2,690/mo

principal + interest

Beyond mortgage

$2,541/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$141,800

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$624/mo

Utilities

Hydro / electricity$82/mo

≈ $0.07/ft² × ~2,125 ft² · ON avg ~$82/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%$7,090/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)$74/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$10,655

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)41% $32,277/yr

Property taxes23% $18,138/yr

Utilities5% $4,042/yr

Insurance & security2% $1,600/yr

Maintenance9% $7,090/yr

Condo fees14% $10,672/yr

Closing costs6% $5,100/yr

Mortgage is 41% of your true cost of ownership. The other 59% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$32,277	$2,690/mo
Government & taxes
Property tax	$7,483	$624/mo
Land transfer tax(closing)	$10,655	$888/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$982	$82/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$7,090	$591/mo
Condo fees
Condo / HOA fees	$10,672	$889/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	$78,919	$6,577/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 203

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Annual costs