285 ALBERT Street

About this home.

Welcome to this charming brick home on a premium corner lot in one of Waterloo's most sought-after neighbourhoods. Situated just minutes from the University of Waterloo, Wilfrid Laurier University, shopping, transit, parks, and everyday amenities, this well-maintained property offers exceptional flexibility for homeowners, investors, and future-minded buyers alike. Featuring over 1,800 square feet of finished living space, this home offers 4 bedrooms, 2 bathrooms, a separate entrance to the partially finished basement, and a functional layout ideal for family living, multi-generational use, or income-generating opportunities. The property was licensed by the City of Waterloo as a Class B 4-bedroom rental property through March 31, 2026, highlighting its established rental history and appeal in this high-demand university market. Outside, enjoy a private backyard retreat complete with an inground pool, mature landscaping, patio space, and ample parking including an attached garage. Whether you're looking for a home in a prime Waterloo location, an investment property with strong rental demand, or a property with long-term upside, this opportunity delivers. The property's prominent corner location at Albert Street and Hickory Street offers excellent exposure and future potential within Waterloo's rapidly evolving Northdale neighbourhood. Adjacent properties at 289, 291 and 293 Albert Street are also available for sale, creating a rare opportunity for purchasers to explore a potential land assembly and redevelopment project in one of the city's most active growth corridors. Enjoy the property today while securing a strategic real estate asset for tomorrow. (id:59491)

The full record.

How this listing prices against Beechwood/University.

Beechwood/University was highly supplied this period, with 13 sales against 98 active listings, one of the loosest inventory setups in Waterloo. The average sale price was $621,462, well below the city average, homes took 34 days to sell, and deals closed at 94.02% of list, all signs of a softer market overall. Activity split between 5 freeholds and 8 condos, but the overwhelming amount of condo inventory is what defines the neighbourhood right now. This is a market with lots of choice and clear pressure on sellers to price realistically.

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