8 HICKORY Street W Unit# 1105

About this home.

Luxury Penthouse Living in the Heart of Waterloo – Fully Furnished, Turn-Key & Prime Investment Opportunity. Experience exceptional penthouse living in this spectacular two-level suite, perfectly positioned on the top (11th) floor of a modern, upscale Waterloo residence. Offering over 2,100 sq. ft. of beautifully finished living space, this rare property combines sophisticated design, sweeping sunset views, and unmatched convenience; just steps from Wilfrid Laurier University and the University of Waterloo. Flooded with natural light, the contemporary 5-bedroom, 5-bathroom layout includes a dramatic two-storey lounge with soaring 20-ft ceilings, an open-concept gourmet kitchen complete with a large island and walk-in pantry, and full in-suite laundry. Spacious bedrooms feature private ensuite bathrooms, while the fifth bedroom enjoys direct access to the impressive two-storey balcony; an ideal space for entertaining or relaxing with panoramic city views. Thoughtfully furnished and fully equipped with appliances, this penthouse is entirely turn-key, offering a premium rental rate already secured - a hassle-free opportunity for both student housing and executive rental investors. Located in a high-demand neighbourhood, residents also benefit from outstanding building amenities including a fitness centre, social lounge, underground parking, and secure bike storage. note: Some images include virtual staging for illustration purposes. (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.