321 Northlake Drive, Unit 1, Waterloo, ON
Property no longer active
This property was sold on October 24, 2024. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Waterloo. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $400,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 2 Bedrooms and 1 Bathroom
- Generous living space spanning 600-699 sqft
- 1.0 total parking spaces available
- Notable attributes: None
- equipped with window unit(s) central cooling and highly efficient baseboard heating via electric
Description
Welcome to 321 Northlake Drive - a building with low condo fees of only $335.00! This main floor, two-bedroom, one-bathroom home is over 680 square feet and is perfect for a first-time homebuyer or investor adding to their portfolio. Walk through the front door and into the open-concept space. The white kitchen has ample cupboard space and stainless steel appliances. The bright living room has sliding glass doors leading to a juliette balcony. Down the hall, find the two bedrooms, 4-piece bathroom and stackable washer/dryer. Secured access to the building and one surface parking spot. This unit comes with a storage locker for your convenience. The condo fees include water, the only utility costs is electricity. Making this a great economical unit! Located in the Lakeshore North neighbourhood, this home has easy access to the Laurel Creek, St. Jacobs market and HWY 85.
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Property Summary
This condo apartment located at 321 Northlake Drive, Waterloo is currently for sale and has been available on SousaSells for 644 days. This property is listed at $400,000 with an estimated mortgage of $1,331* per month. It has 2 beds, 1 bathroom, and is 600-699 square feet. 321 Northlake Drive, Waterloo
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 321 Northlake Drive 5, Waterloo, ON N2V 1Z1
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Waterloo, ON
For a property listed at $400,000 in Waterloo, the legal minimum down payment is $20,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $4,475 for this transaction. As this listing is in Waterloo (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $4,475.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.