312 ERB St W 414
Waterloo, N2L 1W3
FOR SALE
$449,000
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Property Description
Welcome to this affordable 1-bedroom, 1-bathroom unit on the 2nd floor of Moda Condo, a new development by Urban Legend Developments and VanMar Constructors Inc. Located at Erb St W & University Ave W, Waterloo, this luxury condo offers convenient access to the expressway and is just minutes from Uptown Waterloo. Enjoy proximity to all amenities, including plazas, universities, highways, schools, trendy shops, incredible restaurants, and cafes. With more future development planned for the area, property values are expected to rise significantly. This is an excellent opportunity for young professionals, investors, and first-time buyers near the campus.
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Property Details
Street
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking Spaces
1
Parking 1
Owned
Garage Type
None
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Waterloo Market Statistics
Waterloo Price Trend
312 ERB St W 414 is a 1-bedroom 1-bathroom condo listed for sale at $449,000, which is $129,000 (40.3%) higher than the average sold price of $320,000 in the last 30 days (August 8 - September 6). During the last 30 days the average sold price for a 1 bedroom condo in Waterloo declined by $70,000 (17.9%) compared to the previous 30 day period (July 9 - August 7) and down $152,000 (32.2%) from the same time one year ago.Inventory Change
There were 23 1-bedroom condos listed in Waterloo over the last 30 days (August 8 - September 6), which is down 4.2% compared with the previous 30 day period (July 9 - August 7) and up 21.1% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Waterloo typically sold ($29,999) (9.4%) below asking price over the last 30 days (August 8 - September 6), which represents a $21,299 decrease compared to the previous 30 day period (July 9 - August 7) and ($4,900) less 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 1-bedroom condos in Waterloo over the last 30 days (August 8 - September 6) stood at 65.2%, down from 66.7% over the previous 30 days (July 9 - August 7) and up from 26.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Waterloo stood at 11 days when successfully sold over the last 30 days (August 8 - September 6), compared to 104 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Terra Realty
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