338 ALBERT Street Unit# 114

About this home.

Welcome to Ivy Towns 3 by IN8 Developments — a modern and spacious stacked condo perfectly suited for investors or university living. This stylish TWO-LEVEL unit offers approximately 1,600 sq. ft. of well-designed living space, featuring THREE BEDROOMS and THREE BATHROOMS, and a versatile den/study that can easily serve as a FOURTH BEDROOM. This move-in ready unit showcases low-maintenance porcelain and laminate flooring throughout, a functional open-concept layout, in-suite laundry, and a private balcony. One exclusive parking space is included for added convenience. Built in 2018 and well maintained by the current owner, the property is fully leased until August 2026, offering excellent investment potential with the option for vacant possession in time for the 2026/2027 school year. Condo fees conveniently include water and WiFi. Ideally located within a 10-minute walk to Wilfrid Laurier University and the University of Waterloo, and close to Conestoga College’s Waterloo campus, this home provides easy access to Uptown Waterloo, Waterloo Park, Conestoga Mall, and the LRT at UW Station. A rare opportunity to own a spacious, well-maintained condo townhome in one of Waterloo’s most desirable student-oriented communities. Offers welcome anytime. (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.