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H505 - 62 BALSAM Street

H505 - 62 BALSAM Street

Waterloo, Ontario

2 bed • 2 bath • Single Family

$400,000

Welcome to an exceptional offering at 62 Balsam Street, Unit H505, a residence that seamlessly blends modern design, convenience, and outstanding investment potential in one of Waterloo’s most sought after locations. Perfectly positioned just steps from Wilfrid Laurier University and within walking distance to University of Waterloo, this is a rare opportunity for both end users and investors seeking strong long term value in a high demand rental market. Inside, you are welcomed by a bright and thoughtfully designed space offering 877 square feet of refined living. Soaring 9 foot ceilings and contemporary finishes create an open and upscale atmosphere throughout. The layout is both functional and stylish, featuring a spacious primary bedroom, an expansive den filled with natural light, and two full bathrooms, an uncommon and highly desirable combination. The kitchen is beautifully appointed with granite countertops, stainless steel appliances, double sinks, and custom cabinetry with soft close detailing, offering the perfect balance of elegance and everyday practicality. One of the most impressive features of this home is the oversized private terrace. This outdoor space is rarely found in condo living and offers two separate walkouts along with sweeping city views. It is the perfect setting for morning coffee, entertaining guests, or simply relaxing above it all. Adding further value and convenience, the unit includes two underground parking spaces and a dedicated storage room, features that are increasingly rare in this prime location. Residents enjoy access to premium building amenities including high speed internet, collaborative study spaces, and a well appointed social lounge. This is more than just a condo. It is a lifestyle opportunity in the heart of Waterloo, where everything you need is just moments away.

Price History

Schools

Secondary

  • Waterloo Collegiate Institute0.4 km

    Public · Waterloo Region DSB · 1480 students

    Grade 10 literacy: 85% met the provincial standard

  • St David Catholic Secondary School0.9 km

    Catholic · Waterloo CDSB · 1080 students

    Grade 10 literacy: 97% met the provincial standard

  • Bluevale Collegiate Institute2.4 km

    Public · Waterloo Region DSB · 1115 students

    Grade 10 literacy: 88% met the provincial standard

Elementary

  • MacGregor Public School0.7 km

    Public · Waterloo Region DSB · 510 students

  • Winston Churchill Public School1.1 km

    Public · Waterloo Region DSB · 320 students

    Grade 3 reading: 81% met the provincial standard · Grade 6 math: 56% met the provincial standard

  • ÉÉC Mère-Élisabeth-Bruyère1.7 km

    French Catholic · CS catholique MonAvenir · 220 students

    Grade 3 reading: 84% met the provincial standard · Grade 6 math: 68% met the provincial standard

Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.

Community

Postal area N2L

Population
37,953
Private dwellings
19,681
Median age
29.8
Average household size
2.2
Median household income
$69,500

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Single Family in Waterloo · last 12 months

Median sold price
$695,000
Homes sold
1,031
Median days on market
21
Sale-to-list price
99.8%

Based on 1,031 recorded sales of single family properties in Waterloo over the last 12 months.

Location

Mortgage Calculator

$80,000

Estimated Monthly Payment

$1,965

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $1,965/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $100/mo

Estimates only. Consult a financial advisor.

R

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