251 Hemlock St 108
Waterloo, N2L 0H2
FOR SALE
$495,000
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2
BEDROOMS2
BATHROOMS1
KITCHENS5
ROOMSX11975144
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Property Description
Welcome to SAGE 6 at 251 Hemlock Street! Situated in an enviable location near Wilfrid Laurier University & the University of Waterloo, this 2 bed, 2 full bath unit presents an excellent prospect for both parents of students and savvy investors alike. Market rent is estimated at $2,500 per month. Mainly student tenants. No worry about tenants staying too short nor too long. 3-4 years' term is perfect to reset the rent and bring new tenants. Ever-expanding red hot University of Waterloo keeps condo assets rising at a fast pace. This vacant condo provides an ideal setup for roommates with two 4-pc bathrooms. 11 feet High Ceiling. The kitchen features stainless steel appliances & granite countertops. Additionally, enjoy the convenience of in-suite laundry. Terrace facing inside lane, quiet & easy to access and move stuff. Beyond the unit itself, the building offers an array of amenities: Ensuite Laundry, well-equipped Fitness Room, Rooftop Terrace, Garden, Lounge with Meeting/Study Room, Wet Bar and Secure Bike Parking. Low Maintenance includes Building Insurance, Common Elements, Heat, Water, High Speed Internet! With its proximity to both universities, as well as nearby amenities such as shopping plazas and libraries, this property is perfectly positioned. Plus, with easy access to public transportation, getting around has never been easier. Don't miss this Gem!
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Nearby Intersections
Property Features
Hospital, Park, Place Of Worship, Public Transit, Rec Centre, School
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Property Details
Street
City
Property Type
Comm Element Condo, Apartment
Approximate Sq.Ft.
700-799
Taxes
$2,723 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking 1
None
Garage Type
None
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Waterloo Market Statistics
Waterloo Price Trend
251 Hemlock St 108 is a 2-bedroom 2-bathroom condo listed for sale at $495,000, which is $36,300 (7.9%) 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 Mehome Realty (Ontario) Inc.
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