293 ALBERT Street

About this home.

One of the last remaining parcels in a prime Waterloo development assembly. Value is in the land — the area's intensification trajectory is policy-driven and inevitable, anchored by the ION LRT corridor where over $3 billion in development has already taken shape. Benefit from existing tenancy and cash flow while you hold, then redevelop when the time is right. A rare opportunity to get in at the ground level before the assembly is complete. (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.

Estimate the monthly carry.