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338 ALBERT Street Unit# 114, Waterloo — listed at $550,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Welcome to Ivy Towns 3 by IN8 Developments, a spacious and modern stacked condo ideally suited for investors, students, or those looking for a low-maintenance home in a prime Waterloo location. This bright two-level unit offers approximately 1,600 sq. ft. of thoughtfully designed living space, featuring THREE bedrooms, THREE bathrooms, plus a versatile den/study that could easily function as a FOURTH bedroom. The open-concept layout provides comfortable living and dining areas, complemented by durable porcelain and laminate flooring throughout, in-suite laundry, and a private balcony. One exclusive parking space is included. Built in 2018 and well maintained, the unit is VACANT, offering immediate possession and excellent flexibility for an investor. Condo fees include water and WiFi. Located within approximately a 10-minute walk of both Wilfrid Laurier University and the University of Waterloo, with easy access to Conestoga College’s Waterloo campus, Uptown Waterloo, Waterloo Park, Conestoga Mall, and the LRT at UW Station. A fantastic opportunity to own a spacious, turnkey property in a highly sought-after university community. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| 3pc Bathroom | Main level | — |
| Bedroom | Lower level | 8'4'' x 12'4'' |
| Bedroom | Lower level | 8'4'' x 12'4'' |
| Bedroom | Lower level | 8'4'' x 12'4'' |
| 4pc Bathroom | Lower level | — |
| 4pc Bathroom | Lower level | — |
How is the space laid out across floors?+
This is a 2-storey single family. The 3 bedrooms and 3 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
What's the parking situation?+
This property includes 1 space — Visitor Parking.
Is this a good starter home?+
At $550,000, this is priced in starter-home territory for Waterloo. With multiple bedrooms, it has room to grow into. Factor in condo fees when calculating your true monthly cost.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $5,012.91, a condo/maintenance fee of $596.46/mo, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Built in 2018 — is this considered new?+
A 2018 build means modern building codes, likely better insulation and wiring than older homes. Ask if any major systems (roof, furnace, windows) have been replaced — even newer homes need maintenance.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
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