378 Albert Street, Waterloo, ON
Property Highlights
Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of Waterloo. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $700,000 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.
- 3 Bedrooms and 2 Bathrooms
- Generous living space spanning 1100-1500 sqft on a premium 70 x 155 ft lot
- Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Water Softener, Separate Hydro Meter, Auto Garage Door Remote
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to 378 Albert Street! Located on one of the most sought-after student streets in town, this property is ideal for investors that take comfort in seeking great proximity to both univerities. The property is just a five minute walk to University of Waterloo (UW) and a ten minute walk to Wilfird Laurier University (WLU). This meticulously maintained home is located on an oversized 70 foot x 155 foot lot. In a proposed rezoning scenario, this is a compelling redevelopment opportunity. After noting the recent price growth of the adjacent Northdale neighborhood following the introduction of Northdale Mixed Use zoning, the upcoming Sugarbush South Corridor Expansion Initiative may offer exceptional future redevelopment possibilities. Currently a single family home with many updates, it is well maintained with ample parking. Enjoy hardwood flooring, upgraded windows, large deck with awning, 2 bedrooms upstairs, main floor primary bedroom and fully finished basement. Detached garage. This property is truly turn-key, with minimal effort needed to start earning rental income. Perfect for a variety of buyers: first-time homeowners seeking a large lot, parents looking for a prime location and a meticulously maintained home for their university-bound children, or investors targeting a strong rental market with future development opportunity - this property checks all the boxes.
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Property Summary
This detached home located at 378 Albert Street, Waterloo is currently for sale and has been available on SousaSells for 502 days. This property is listed at $700,000 with an estimated mortgage of $2,330* per month. It has 3 beds, 2 bathrooms, and is 1100-1500 square feet. 378 Albert Street, Waterloo
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Interior Features
Water Softener, Separate Hydro Meter, Auto Garage Door Remote
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Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 378 Albert Street, Waterloo, ON N2L 3V1
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 $700,000 in Waterloo, the legal minimum down payment is $45,000 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 $10,475 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 $10,475.
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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.