8 HICKORY Street W Unit# 404

About this home.

Exceptional investment opportunity in the heart of Waterloo! This spacious 1,399 sq ft, 3-bedroom, 2-bathroom unit features a rare 600 sq ft private terrace, offering unmatched appeal for tenants and enhancing rental value. Ideally located just steps to University Ave & King St, with strong demand from students and young professionals. Functional layout with oversized bedrooms allows for flexible rental configurations, with potential income up to $3,000/month. Includes modern finishes such as granite countertops, stainless steel appliances, in-suite laundry, and 9 ft ceilings. Quiet unit, same-floor access to amenities, and convenient stair entry. One owned parking space provides additional income potential (~$150/month). A turnkey, high-demand investment with excellent cash flow potential. (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.