501 - 223 ERB Street
Waterloo, Ontario
- 3 bed
- 2 bath
- Single Family
Experience sophisticated living in the luxurious building in the heart of Waterloo. This rarely offered corner unit features 2 bedrooms, 2 bathrooms, and an office space across 1,351 sq. ft. of thoughtfully designed space with 9-foot ceilings. Flooded with natural light, the home showcases modern finishes, oversized windows, and panoramic city views from every room. Enjoy a spacious kitchen with granite countertops, a large island, and abundant cabinet and counter space-perfect for entertaining. The primary suite includes generous closets and a spa-inspired ensuite with a glass shower, double sinks, and a smart toilet. Step onto your covered balcony, large enough for outdoor dining or lounging. Located just steps from T&T Supermarket, bus stops, and the Waterloo Public Library & Community Centre, with easy access to restaurants, cafes, and universities, this home offers the ultimate in urban convenience. Vacant property. Show with confidence. Photos are from the previous listing. Top notch amenities including an opulent communal lounge/ library with a grand piano, fitness studio, sauna, an rooftop terrace equipped with BBQ and an indoor party room. 1 Parking and 1 locker included
Price History
Schools
Elementary
- Empire Public School0.5 km
Public · Waterloo Region DSB · 490 students
Grade 3 reading: 86% met the provincial standard · Grade 6 math: 52% met the provincial standard
- Our Lady of Lourdes Catholic Elementary School0.5 km
Catholic · Waterloo CDSB · 385 students
Grade 3 reading: 71% met the provincial standard · Grade 6 math: 45% met the provincial standard
- Keatsway Public School0.8 km
Public · Waterloo Region DSB · 365 students
Grade 3 reading: 79% met the provincial standard · Grade 6 math: 50% met the provincial standard
Secondary
- Resurrection Catholic Secondary School2.2 km
Catholic · Waterloo CDSB · 1920 students
Grade 10 literacy: 90% met the provincial standard
- Kitchener Waterloo Collegiate and Vocational School2.3 km
Public · Waterloo Region DSB · 1650 students
Grade 10 literacy: 88% met the provincial standard
- Waterloo Collegiate Institute2.3 km
Public · Waterloo Region DSB · 1480 students
Grade 10 literacy: 85% 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
- 1,043
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,043 recorded sales of single family properties in Waterloo over the last 12 months.
Walk Score
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Location
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Mortgage Calculator
$103,800
Estimated Monthly Payment
$2,550
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,550/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $130/mo
Estimates only. Consult a financial advisor.
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