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Step 1 – Pick a goal

Why did you first become interested in buying an income property? Do you want ongoing cash flow or are you planning to use it for your retirement fund? Think in terms of how much income you’re looking to generate and the time frame you want to work with. 

Step 2 – What is your strategy?

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If you are buying a second property you will need to find a lender and a minimum of 20% for the down payment. Make sure you are approved for financing before potentially jeopardizing an offer. 

Step 4 – Talk to an investment real estate expert

Your Realtor should be able to help you narrow down some options for potential properties. The information you gathered in the previous steps will help them find an income property for you based on your investment strategy. 

Step 5 – Compare your options!

Look at the numbers on each investment property to compare and make the best choice for you. Take into consideration your mortgage and tax payments, utilities, vacancy allowance, estimated budget for repairs, upgrades and property management. 

Step 6 – Buy your income property

It’s time to invest! You’ve crossed your t’s, dotted your i’s and found the right income property for you. Buying your first income property doesn’t have to be a complicated venture. An experienced Realtor like me will make the process easier by offering insight and guidance. 

Step 1 – Pick a goal

Why did you first become interested in buying an income property? Do you want ongoing cash flow or are you planning to use it for your retirement fund? Think in terms of how much income you’re looking to generate and the time frame you want to work with.

Step 2 – What is your strategy?

What investment strategy are you planning to follow? You could do house flipping, rent-to-own, buy and hold, a mix of flip and hold, or a joint venture with an investor. Your choice of strategy will depend on a bunch of different factors including available funding and risk tolerance. 

Step 3 – What can you afford?

If you are buying a second property you will need to find a lender and a minimum of 20% for the down payment. Make sure you are approved for financing before potentially jeopardizing an offer. 

Step 4- Talk to an investment real estate expert

Your Realtor should be able to help you narrow down some options for potential properties. The information you gathered in the previous steps will help them find an income property for you based on your investment strategy.

Step 5 – Compare your options!

Look at the numbers on each investment property to compare and make the best choice for you. Take into consideration your mortgage and tax payments, utilities, vacancy allowance, estimated budget for repairs, upgrades and property management.

Step 6 – Buy your income property

It’s time to invest! You’ve crossed your t’s, dotted your i’s and found the right income property for you. Buying your first income property doesn’t have to be a complicated venture. An experienced Realtor like me will make the process easier by offering insight and guidance. 

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103 253 Albert Street

417 - Beechwood/University Waterloo N2L 0G3

$300,000

Residential beds: 1 baths: 2.0 734 sq. ft. built: 2016

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• Details
• Photos
• Videos
• Map

Status:

Active

Prop. Type:

Residential

MLS® Num:

40853599

Bedrooms:

1

Bathrooms:

2

Year Built:

2016

• Photos (37)

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Welcome to Unit 103 at 253 Albert Street, Waterloo: Modern Living in the Heart of the University District! Experience this exceptional main-floor condominium located in one of Waterloo's most sought-after buildings. Nestled in the vibrant university district, this beautifully maintained 1-bedroom, 1 Bathroom residence offers an outstanding opportunity for Students, young professionals and investors alike. From the moment you step inside, you'll be captivated by the impressive 13-ft ceilings that create a bright, open and airy atmosphere rarely found in condominium living. The thoughtfully designed kitchen offers ample cabinetry and a functional layout ideal for everyday living and entertaining. Overlooking the main living area, it provides a seamless flow that makes hosting family and friends effortless. One of the standout features of this home is the rare 1.5-bathroom layout, offering added convenience and privacy for residents and guests. The spacious primary bedroom provides a comfortable retreat and enjoys direct access to the private outdoor patio. Step outside to your own fenced patio oasis, accessible through walkouts from both the living room and bedroom. Whether you're enjoying your morning coffee, reading a book, or unwinding after a long day, this private outdoor space offers a peaceful extension of your living area. Additional highlights include in-suite laundry, modern finishes and access to the building's rooftop terrace: an ideal space to relax, socialize and take in the surrounding city views. Situated just a walking distance from Wilfrid Laurier University and University of Waterloo, this property places you at the centre of everything: Restaurants, cafes, grocery stores, shopping and public transit are all just steps from your door. Don't miss your chance to own this rare and stylish condo offering exceptional location, impressive living space and outstanding investment potential in the heart of Waterloo. Book your showing Today!

General Info:

Property Type:

Residential

Property SubType:

Condo/Apt Unit

Year built:

2016 (Age: 10)

Listing General Location:

417 - Beechwood/University, 4 - Waterloo West

Bedrooms:

1

Bathrooms:

2.0 (Full:1/Half:1)

Frontage Type:

West

Kitchens:

1

County Or Parish:

Waterloo

Taxes:

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Additional Info:

Property Attached:

Attached

Features:

Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No

Construction:

Brick

Roof:

Flat

Number of Buildings:

0

Total Floor Area:

734 sq. ft.68.2 m2

# Main Level Bedrooms:

1

# Main Level Bathrooms:

2

Finished Area Above Grade:

734 sq. ft.68.2 m2

Fireplace:

false

Laundry Features:

In-Suite

Water Supply:

Municipal

Sewer:

Sewer (Municipal)

Cooling:

Central Air

Heating:

Forced Air, Natural Gas

Features Included:

Dishwasher,Dryer,Furniture,Refrigerator,Stove,Washer

Appliances Included:

Water Heater, Dishwasher, Dryer, Refrigerator, Stove, Washer

Association Amenities:

Elevator(s), Roof Deck, Other

Waterfront:

false

Docking:

No

Directions:

Bridgeport Rd E To Albert Street

Senior Community:

No

Pets Allowed:

Yes

Room Information:

Floor

Type

Size

Other

Main Floor

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Main Floor

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Main Floor

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Main Floor

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Main Floor

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Bathrooms:

Floor

Ensuite

Pieces

Other

Main Floor

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Main Floor

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Financial Info:

HST Applicable To Sale Price:

Included

Association Fee:

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Association Fee Frequency:

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Association Fee 2:

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Association Fee 2 Frequency:

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Association Fee Includes:

Insurance,Building Maintenance,C.A.M.,Common Elements,Maintenance Grounds,Internet,Water

Administrative Fee:

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Features:

Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No

Road Access Fee:

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Condo Corporation Number:

625

Condo Corporation:

Yes

Legal Info:

Zoning:

SR2

Land Info:

Exposure / Faces:

East

Lot Site Features:

Urban, City Lot, Library, Place of Worship, Public Transit, Regional Mall, Schools, Shopping Nearby

Features:

Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No

Garage Spaces:

0.0

Parking Places Covered:

0.0

# Of Total Parking Spaces:

0.0

# Of Open Parking Spaces:

0.0

Driveway Parking:

None

Residential Revenue Info:

Total Units:

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Listing Info:

Listed Date:

Aug 06, 2026

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Listed by RE/MAX Twin City Realty Inc.

Data was last updated August 14, 2026 at 11:50 AM (UTC)

Area Statistics

Listings on market:

56

Avg list price:

$449,900

Min list price:

$219,999

Max list price:

$1,795,000

Avg days on market:

52

Min days on market:

2

Max days on market:

337

Avg price per sq.ft.:

$505.19

These statistics are generated based on the current listing's property type and located in 417 - Beechwood/University. Average values are derived using median calculations. This data is not produced by the MLS® system.

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The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) program of the London and St. Thomas Association of REALTORS®. The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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