86 Albert Street, Waterloo, ON
Property Highlights
Welcome to this remarkable 2 1/2 Storey detached located in the coveted neighborhood of Waterloo. Expertly crafted featuring premium stucco (plaster) and brick construction, this residence presents an exceptional opportunity offered at $899,900 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.
- 6 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 45.82 x 80.49 ft lot
- Features a full, finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: Accessory Apartment, Carpet Free
- Efficient forced air heating via gas
Description
Welcome to 86 Albert Street - A Rare Opportunity in the Heart of Waterloo!Discover the potential of this charming home located in the prestigious Albert-MacGregor Heritage Conservation District. Offering over 2300+ finished square feet across three and a half levels, this property blends timeless character with modern versatility. Original features such as thin plank hardwood flooring, wide wood baseboards, and French doors add warmth and charm, while the loft-style upper level and high basement ceilings provide unique and functional living spaces.Currently configured as two separate three-bedroom units, each with recently renewed, City-approved rental licenses and in-suite laundry, this home has the potential to generate an impressive $64,800 in gross annual income . A simple removal of one wall on the main floor easily converts the home back to a spacious single-family residence.Situated just steps from Uptown Waterloo, Waterloo Park, and within walking distance to Wilfrid Laurier University and the University of Waterloo, this location offers unmatched convenience. Enjoy easy access to vibrant shops, restaurants, cafes, and nightlife - perfect for those who appreciate urban living.Whether you're a first-time buyer seeking a mortgage helper, a multi-generational household, a university or tech professional, a parent investing in housing for university-bound children, or an investor looking for strong rental returns, this property checks all the boxes.Don't miss out on this exceptional opportunity - contact your REALTOR today to schedule a private showing!
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Property Summary
This detached home located at 86 Albert Street, Waterloo is currently for sale and has been available on SousaSells for 266 days. This property is listed at $899,900 with an estimated mortgage of $2,995* per month. It has 6 beds, 2 bathrooms, and is 1500-2000 square feet. 86 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
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Features
Property Features
Library, Park, Place Of Worship, School
Interior Features
Accessory Apartment, Carpet Free
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Community Features
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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 86 Albert Street, Waterloo, ON N2L 3S7
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 $899,900 in Waterloo, the legal minimum down payment is $64,990 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 $14,473 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 $14,473.
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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.