330 PHILLIP Street Unit# S605

About this home.

Attention: Investors or Parents of University Students! Rare opportunity! Waterloo ICON - One of the most desirable luxurious student living Condos in Waterloo’s University Core. This modern and comfortable 1 BED + DEN and 1 BATH condo with engineered hardwood flooring, granite countertops, stainless steel appliances, and in-suite laundry. Unbeatable location—situated directly across from the University of Waterloo and within walking distance to Wilfrid Laurier University. Daily essentials are just steps away with two large plazas nearby offering restaurants, supermarkets, medical clinics, courier services, and more. The LRT stop is right at your doorstep, providing convenient access to all corners of the city. Purpose-built for student living, this building offers complimentary Wi-Fi in common areas and a wide array of premium amenities: Fitness centre, Yoga studio, Sauna, Basketball court, Games room, Media room, Rooftop patio with fireplace.  Multiple student lounges and study areas, a secure building with fob access and concierge security. Currently generating steady rental income. Option to assume existing tenants or take possession vacant for personal use. (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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