405 ERB Street, Unit 507, Waterloo, ON
Property Highlights
Welcome to this remarkable 1 Storey/Apt condo apartment located in the coveted neighborhood of Waterloo. Expertly crafted featuring premium concrete block and concrete construction, this residence presents an exceptional opportunity offered at $399,900 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 2 Bathrooms
- Generous living space spanning 1200-1399 sqft
- 1.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Auto Garage Door Remote
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
PENTHOUSE LIVING! BACKING ONTO GARDENS & GREENSPACE! Welcome to #507-405 Erb St W, offering almost 1,300 sq. ft. of finished, carpet-free living space in a bright and spacious layout. This well-maintained unit features a large living room and dining area, a functional kitchen, and the convenience of in-suite laundry with a stackable washer and dryer. The unit includes two generously sized bedrooms, highlighted by a primary suite complete with a walk-in closet and private 4-piece ensuite. A shared 3-piece bathroom provides additional convenience for guests or family members. Ideally located close to shopping, dining, and entertainment at The Boardwalk, as well as Costco, golf courses, cinemas, and everyday amenities. ONE INDOOR HEATED PARKING SPOT. Just minutes from University of Waterloo and Wilfrid Laurier University, with easy access to Highway 8, making commuting simple and convenient.
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Property Summary
This condo apartment located at 405 ERB Street, Waterloo is currently for sale and has been available on SousaSells for 66 days. This property is listed at $399,900 with an estimated mortgage of $1,331* per month. It has 2 beds, 2 bathrooms, and is 1200-1399 square feet. 405 ERB Street, Waterloo
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 405 ERB Street W 507, Waterloo, ON N2L 1W7
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 $399,900 in Waterloo, the legal minimum down payment is $19,995 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 $4,474 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 $4,474.
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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.