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$495K · 2 bed Condo Apartment · Unit 302, 223 Erb Street, Waterloo, Ontario N2L 0B3 | HomeSearchCanada

$495,000

Unit 302

110 DOM

22110d

Map

DOM 110

Motivated Seller

$495,000

Motivated Seller

DOM110days

Unit 302

223 Erb Street · Waterloo · Ontario N2L 0B3

MLS® X13141490 · N2L 0B3

22TenantOccupied1200-1399 ft²Condo Apartment1-car UndergroundNo basement110d$381/ft²$5,040 tax/yrNo basement

110 days on market

About this home

Welcome to Westmount Grand 223 Erb Street West ! Two bedrooms Corner Suite with North West View. Functional & Huge Living Room. TwoFull Baths. Open Concept and Large Kitchen Layout. Large Balcony, Underground Parking. Ensuite Laundry. Close to School, Grocery, T&T,Library. Number Of Amenities Including a Gym, Sauna, Lounge, Rooftop Patio, Etc. Unit also include 1 Parking spot & 1 Locker ! Picture are taken before the Tenant Move in.

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Property details

MLS#: X13141490
Status: Buy Now
Property class: Residential Condo & Other
Beds: 2
Baths: 2 full, 0 half
Rooms: 5
Kitchens: 1
Size: 1200-1399Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: None
Style: Apartment
Type: Condo Apartment
Year built: —Year built not on MLS feed (often MPAC-only on broker systems)

Occupancy: Tenant Occupied
Washrooms: 3 pc; 4 pc
Family room: No
Central vacuum: No
Ensuite laundry: No

Condo corp #: 541
Balcony: Open
Locker: Owned
Fees include: Building Insurance Included, Parking Included
Pets: Yes-with Restrictions

Garage: 1-car Underground
Garage spaces: 1
Parking: 1 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Brick, Stone
Fronting on: —
Cross street: Westmount & ERB
Stories: 3
Utilities: —
Laundry: Ensuite
Interior: None
Parking features: None

Rooms

Room details

Seller signals

Price movement & seller pressure

Motivated SellerWhy this label

110 days on market — Listing has been active for 110 days — extended time on market can signal seller pressure.

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

Property history

Sales History

NEW

Location details

Comparable sales

Neighbourhood SOLDs

Neighbourhood stats

Brokered by: HOMELIFE LANDMARK REALTY INC.

Source: TRREB/PROPTX · MLS® X13141490

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$495K

Unit 302 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $495,000✓ $5,040 tax✓ Gas✓ 1200-1399 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$5,325/mo

incl. closing costs (yr 1)

Annual total

$63,906

year 1

Mortgage only

$1,878/mo

principal + interest

Beyond mortgage

$2,458/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$99,000

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$420/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~1,300 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%$4,950/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)$100/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$6,375

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)35% $22,535/yr

Property taxes18% $11,415/yr

Utilities6% $3,960/yr

Insurance & security3% $1,600/yr

Maintenance8% $4,950/yr

Condo fees22% $14,346/yr

Closing costs8% $5,100/yr

Mortgage is 35% of your true cost of ownership. The other 65% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$22,535	$1,878/mo
Government & taxes
Property tax	$5,040	$420/mo
Land transfer tax(closing)	$6,375	$531/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%)	$4,950	$413/mo
Condo fees
Condo / HOA fees	$14,346	$1,196/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	$63,906	$5,325/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 302

About this home

MyStreetValue™ Analysis

Property details

Rooms

Price movement & seller pressure

Sales History

Neighbourhood SOLDs

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Annual costs