If you’ve been waiting for a way into the market that actually makes financial sense… this is it.
Unit 911 at 225 Harvard Place is one of those rare opportunities where the numbers line up, the location works, and the barrier to entry is genuinely approachable.
💰 The REAL Cost to Own (With CMHC Included)
Let’s break this down properly—because this is where most buyers get caught off guard.
Purchase Price: $275,000
5% Down Payment: $13,750
Base Mortgage: $261,250
With 5% down, CMHC insurance applies. At ~4%:
👉 CMHC Premium: ~$10,450
👉 Total Mortgage (with CMHC): ~$271,700
Now using a 4.09% 5-year fixed rate:
👉 Estimated Monthly Mortgage Payment: ~ $1,430/month
📊 Full Monthly Carrying Cost
Here’s where this gets interesting…
Mortgage: ~$1,430
Condo Fees: $784/month (includes heat, hydro, water, parking + maintenance)
Property Taxes: ~$146/month
👉 Total Monthly Cost: ~ $2,360/month
🤯 Let’s Compare That to Renting
A one-bedroom rental in Waterloo right now?
👉 Often $2,100–$2,400/month
So for roughly the same monthly cost…
✔ You own
✔ You build equity
✔ You lock in your housing cost
That’s the shift.
🏢 What You’re Actually Getting
This isn’t just “cheap entry”—it’s solid value:
✔ ~700 sq ft of functional living space
✔ Bright living/dining area
✔ Open balcony with elevated views
✔ Underground parking
✔ Full building amenities: gym, sauna, games room, library
Everything you need—without paying for fluff.
📍 Location That Works for Real Life
✔ Transit nearby
✔ Easy highway access
✔ Close to shopping + essentials
✔ Established Waterloo neighbourhood
This is the kind of location people stay in—not just pass through.
⚡ Why This One Matters Right Now
There’s a serious shortage of affordable ownership options in Waterloo.
And when something comes up that:
• Has predictable monthly costs
• Includes major utilities in condo fees
• Keeps your entry price low
…it gets attention.
📲 Let’s Get You In Before Everyone Else Does
Charlotte 519-575-1804
Thinking about your next move? Let’s chat mortgages + MLS® today.