$425K · 2 bed Condo Apartment · Unit 805, 255 Keats Way, Waterloo, Ontario N2L 6N6

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About this home

Three FREE months of CONDO FEES! Looking for a spacious condo conveniently located in the Beechwood-University area of Waterloo with underground parking? Set your sights on this charming and well-kept 1,800 sq. ft. 2 bed + den, 2 full bath unit on the 8th floor with private northwesterly views. With its location within minutes away to both universities, Waterloo Park, and Laurel Creek Conservation Area, this condo strikes the perfect balance: close to all the action yet tucked away enough to fee…

Property details

MLS#

X12610714

Status

Buy Now

Property class

Residential Condo & Other

Beds

Baths

2 full, 0 half

Rooms

Kitchens

Size

1600-1799Exact finished sqft not on MLS feed (often MPAC-only on broker systems)

Basement

None

Style

1 Storey/Apt

Type

Condo Apartment

Year built

2003

Occupancy: Vacant
Washrooms: 3 pc · Main; 4 pc · Main
Family room: Family room
Central vacuum: No
Ensuite laundry: No

Zoning: Condo

Roof: Flat
Foundation: Poured Concrete

Fireplaces: 1
Fireplace features: Family Room

Condo corp #: 399
Balcony: Terrace
Locker: Exclusive
Fees include: Building Insurance Included, Heat Included, Parking Included, Water Included
Pets: Yes-with Restrictions

Garage: 1-car Underground
Garage spaces: 1
Parking: 1 total
Heating: Forced Air
Heating fuel: Electric
Cooling: Central Air
Waterfront: No
Exterior: Stucco (Plaster) · Controlled Entry
Fronting on: —
Cross street: University Ave West
Stories: 8
Utilities: —
Laundry: Ensuite
Laundry level: Main Level
Interior: Auto Garage Door Remote, Guest Accommodations, Primary Bedroom - Main Floor, Storage, Storage Area Lockers
Parking features: Inside Entry, Underground

Price movement & seller pressure

↓ $115KPrice reduction

MLS shows the seller reduced the asking price by $115,000 (from $539,900 to $424,900).

Motivated SellerWhy this label

Vacant property — MLS shows vacant occupancy and the listing has been on market 120+ days.

Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $424,900✓ $5,425 tax✓ Electric✓ 1600-1799 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$4,693/mo

incl. closing costs (yr 1)

Annual total

$56,314

year 1

Mortgage only

$1,612/mo

principal + interest

Beyond mortgage

$2,208/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$84,980

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$452/mo

Utilities

Hydro / electricity$75/mo

≈ $0.13/ft² × ~1,700 ft² · incl. electric heat

Heat$0/mo

Electric heat — no gas service · see hydro

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$4,249/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$91/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$4,973

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)34% $19,343/yr

Property taxes18% $10,398/yr

Utilities4% $2,460/yr

Insurance & security3% $1,600/yr

Maintenance8% $4,249/yr

Condo fees23% $13,164/yr

Closing costs9% $5,100/yr

Mortgage is 34% of your true cost of ownership. The other 66% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$19,343	$1,612/mo
Government & taxes
Property tax	$5,425	$452/mo
Land transfer tax(closing)	$4,973	$414/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$4,249	$354/mo
Condo fees
Condo / HOA fees	$13,164	$1,097/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$56,314	$4,693/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 805

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Price movement & seller pressure

Sales History

Neighbourhood SOLDs

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Annual costs