223 Erb St W 502
Waterloo, N2L 0B3
FOR SALE
$649,900

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Property Description
Welcome to 223 Erb St, Unit #502 A luxurious home located in the Westmount Grand building in Uptown Waterloo. Here are the top reasons you'll love this property: 1 - SIZE AND LAYOUT - A spacious 1,400+ total sqft condo that feels like a home, featuring soaring ceilings, large rooms, and an open-concept layout. Large windows throughout provide abundant natural light, creating a bright and welcoming atmosphere. 2- THE PRIMARY BEDROOM - Boasting double closets and a large 4-piece ensuite with a tile and glass shower, deep soaker tub, and granite countertop vanity. 3- THE KITCHEN - A large kitchen with granite counters, ample storage, an island with seating, and full-size stainless steel appliances, including a dishwasher. 4- THE BALCONY - A generous open balcony, perfect for relaxing, enjoying fresh air, sipping your favorite beverage, reading a book, or listening to music.5- THE BUILDING - The Westmount Grand is a premium building in Uptown Waterloo that truly feels like home. It offers amenities such as a fitness centre, a lounge/library area, a rooftop deck with a barbecue, a party room for larger gatherings, and visitor parking. 6- PARKING AND STORAGE -Includes the added value of an owned underground parking space and a dedicated storage locker, providing convenience and extra space for your belongings. This is truly a beautiful unit in a premium building. Book your showing today!
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Property Details
Street
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1400-1599
Taxes
$4,683 (2024)
Basement
None
Exterior
Stone, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
Exclusive
Garage Type
Underground
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Waterloo Market Statistics
Waterloo Price Trend
223 Erb St W 502 is a 2-bedroom 2-bathroom condo listed for sale at $649,900, which is $191,200 (41.7%) higher than the average sold price of $458,700 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 2 bedroom condo in Waterloo increased by $8,700 (1.9%) compared to the previous 30 day period (December 22 - January 20) and down $68,223 (12.9%) from the same time one year ago.Inventory Change
There were 24 2-bedroom condos listed in Waterloo over the last 30 days (January 21 - February 19), which is down 7.7% compared with the previous 30 day period (December 22 - January 20) and down 7.7% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Waterloo typically sold $42,100 (9.2%) above asking price over the last 30 days (January 21 - February 19), which represents a $57,100 increase compared to the previous 30 day period (December 22 - January 20) and ($7,569) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom condos in Waterloo over the last 30 days (January 21 - February 19) stood at 20.8%, down from 34.6% over the previous 30 days (December 22 - January 20) and down from 50.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom condo in Waterloo stood at 23 days when successfully sold over the last 30 days (January 21 - February 19), compared to 88 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Twin City Realty Inc.
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