249 Cedarbrae Ave 29
Waterloo, N2L 4S8
FOR SALE
$399,900
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BEDROOMS2
BATHROOMS2
KITCHENS9
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Property Description
Welcome to Cedarbrae Ave! This 3 bed 2 bath townhouse condo is ready for you to move in. The main floor holds a living room with large window, eat-in kitchen & in-suite laundry. The 2nd floor holds 2 good sized bedrooms and a 4 pc bathroom. The lower level has a separate entrance that leads to a bachelor apartment which was approved by the city of Waterloo. This bachelor suite is vacant and has very good income potential to help you pay your mortgage. Very close to the University of Waterloo! Some updated condo features include new concrete stairs and ramp to parking lot (2023), parking lot repaved, lighting, drainage around the complex. All patios around the complex will soon be redone - releveled , clean up and sealed. This property is close to great amenities including nature & hiking trails, medical, food & entertainment, grocery, banking, gas & University of Waterloo. You do not want to miss this great chance to acquire this great income helping property.
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Property Details
Street
City
Property Type
Condo Townhouse, 2-Storey
Approximate Sq.Ft.
1000-1199
Taxes
$2,060 (2024)
Basement
Finished, Sep Entrance
Exterior
Board/Batten, Brick
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
Other
Parking Spaces
1
Parking 1
Exclusive
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 11.09' x 19.00' | Window, Overlook Patio |
| Kitchen | Main | 8.43' x 19.00' | Combined W/Dining, Window, Eat-In Kitchen |
| Br | 2nd | 15.68' x 11.25' | |
| 2nd Br | 2nd | 8.43' x 11.84' | |
| 3rd Br | Lower | 11.58' x 18.57' | |
| Kitchen | Lower | 10.24' x 6.76' |
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Waterloo Market Statistics
Waterloo Price Trend
249 Cedarbrae Ave 29 is a 3-bedroom 2-bathroom townhome listed for sale at $399,900, which is $196,600 (33.0%) lower than the average sold price of $596,500 in the last 30 days (August 20 - September 18). During the last 30 days the average sold price for a 3 bedroom townhome in Waterloo increased by $19,278 (3.3%) compared to the previous 30 day period (July 21 - August 19) and down $34,409 (5.5%) from the same time one year ago.Inventory Change
There were 13 3-bedroom townhomes listed in Waterloo over the last 30 days (August 20 - September 18), which is down 13.3% compared with the previous 30 day period (July 21 - August 19) and up 30.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom townhomes in Waterloo typically sold ($6,350) (1.1%) below asking price over the last 30 days (August 20 - September 18), which represents a $13,061 decrease compared to the previous 30 day period (July 21 - August 19) and ($13,518) 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 3-bedroom townhomes in Waterloo over the last 30 days (August 20 - September 18) stood at 61.5%, up from 60.0% over the previous 30 days (July 21 - August 19) and down from 110.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom townhome in Waterloo stood at 19 days when successfully sold over the last 30 days (August 20 - September 18), compared to 46 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Advantage Realty Ltd.
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