$425K · 2 bed Condo Apartment · Unit 620, Sage 6, 251 Hemlock Street, Waterloo, Ontario N2L 0H2

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About this home

Self Use Or Great Investment Opportunity With A Steady Income. This Sage 6 Condo Situated at 251 Hemlock Street Located In The Centre Of Waterloo's Growth District. Just Steps From Wilfrid Laurier University, University of Waterloo And University of Waterloo Technology Park, Minutes From A Variety Of Local Amenities, Shopping, Entertainment And Public Transit. This 692 Sq. Ft. 2 bedroom, 1 1/2 Bath, South West Corner Unit Is Bright And Spacious. Functional Open Concept Layout Featuring A High Ce…

Property details

MLS#

X12763828

Status

Buy Now

Property class

Residential Condo & Other

Beds

Baths

2 full, 0 half

Rooms

Kitchens

Size

600-699Exact finished sqft not on MLS feed (often MPAC-only on broker systems)

Basement

None

Style

Apartment

Type

Condo Apartment

Year built

2018

Occupancy: Vacant
Washrooms: 2 pc · Flat; 3 pc · Flat
Family room: No
Central vacuum: No
Ensuite laundry: Ensuite laundry

Building name: Sage 6
Condo corp #: 642
Balcony: Open
Locker: None
Association amenities: Bike Storage, Elevator, Exercise Room, Rooftop Deck/Garden, Visitor Parking, Media Room
Fees include: Heat Included, Common Elements Included, Building Insurance Included, Water Included, Parking Included, CAC Included
Pets: Yes-with Restrictions

Garage: 1-car Surface
Garage spaces: 1
Parking: 1 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Brick
Fronting on: —
Cross street: University Ave./King Street
Stories: 5
Utilities: —
Laundry: In-Suite Laundry
Interior: Carpet Free
Parking features: None

Price movement & seller pressure

↓ $20KPrice reduction

MLS shows the seller reduced the asking price by $20,000 (from $445,000 to $425,000).

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✓ $425,000✓ $3,004 tax✓ Gas✓ 600-699 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$4,056/mo

incl. closing costs (yr 1)

Annual total

$48,673

year 1

Mortgage only

$1,612/mo

principal + interest

Beyond mortgage

$1,571/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$85,000

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$250/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~650 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

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%$4,250/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)$45/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$4,975

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)40% $19,348/yr

Property taxes16% $7,979/yr

Utilities8% $3,960/yr

Insurance & security3% $1,600/yr

Maintenance9% $4,250/yr

Condo fees13% $6,436/yr

Closing costs10% $5,100/yr

Mortgage is 40% of your true cost of ownership. The other 60% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$19,348	$1,612/mo
Government & taxes
Property tax	$3,004	$250/mo
Land transfer tax(closing)	$4,975	$415/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$4,250	$354/mo
Condo fees
Condo / HOA fees	$6,436	$536/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	$48,673	$4,056/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 620

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