45 Westmount Road, Unit 505, Waterloo, ON
Property Highlights
Welcome to this remarkable Apartment common element condo located in the coveted neighborhood of Waterloo. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $350,000 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.
- 1 Bedroom and 1 Bathroom
- Generous living space spanning 900-999 sqft
- 1.0 total parking spaces available with a convenient surface configuration
- Notable attributes: Other
- equipped with window unit(s) central cooling and highly efficient radiant heating via electric
Description
MAY 1 closing! An extremely rare opportunity to get into a 1 bedroom condo unit at Westmount Towers for well under $400K! Unit 505 comes with a parking space, locker and utilities included! Not to mention, the location is incredible, with shopping, transit, grocery stores, University of Waterloo and WLU so close by. The spacious one bedroom includes appliances and a large enclosed balcony to enjoy all seasons from the 5th floor. The layout is wonderful and maximizes the square footage, offering great sized rooms and lots of natural light. This condo would be great for a downsizer who doesn't want to compromise on space, or a parent to buy for their child who is attending university. Flexible closing date!
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Property Summary
This condo apartment located at 45 Westmount Road, Waterloo is currently for sale and has been available on SousaSells for 555 days. This property is listed at $350,000 with an estimated mortgage of $1,165* per month. It has 1 bed, 1 bathroom, and is 900-999 square feet. 45 Westmount Road, 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 45 Westmount Road N 505, Waterloo, ON N2L 2R3
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 $350,000 in Waterloo, the legal minimum down payment is $17,500 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 $3,725 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 $3,725.
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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.