507 - 405 ERB Street
Waterloo, Ontario
2 bed • 2 bath • Single Family
PENTHOUSE LIVING! BACKING ONTO GARDENS & GREENSPACE! Welcome to #507–405 Erb St W, offering almost 1,300 sq. ft. of finished, carpet-free living space in a bright and spacious layout. This well-maintained unit features a large living room and dining area, a functional kitchen, and the convenience of in-suite laundry with a stackable washer and dryer. The unit includes two generously sized bedrooms, highlighted by a primary suite complete with a walk-in closet and private 4-piece ensuite. A shared 3-piece bathroom provides additional convenience for guests or family members. Ideally located close to shopping, dining, and entertainment at The Boardwalk, as well as Costco, golf courses, cinemas, and everyday amenities. ONE INDOOR HEATED PARKING SPOT. Just minutes from University of Waterloo and Wilfrid Laurier University, with easy access to Highway 8, making commuting simple and convenient.
Price History
Schools
Elementary
- Holy Rosary Catholic Elementary School0.8 km
Catholic · Waterloo CDSB · 560 students
Grade 3 reading: 71% met the provincial standard · Grade 6 math: 58% met the provincial standard
- Keatsway Public School0.9 km
Public · Waterloo Region DSB · 365 students
Grade 3 reading: 79% met the provincial standard · Grade 6 math: 50% met the provincial standard
- Centennial (Waterloo) Public School0.9 km
Public · Waterloo Region DSB · 415 students
Secondary
- Resurrection Catholic Secondary School1.4 km
Catholic · Waterloo CDSB · 1920 students
Grade 10 literacy: 90% met the provincial standard
- Waterloo Collegiate Institute3.4 km
Public · Waterloo Region DSB · 1480 students
Grade 10 literacy: 85% met the provincial standard
- Kitchener Waterloo Collegiate and Vocational School3.5 km
Public · Waterloo Region DSB · 1650 students
Grade 10 literacy: 88% 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
- 1,024
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,024 recorded sales of single family properties in Waterloo over the last 12 months.
Location
Mortgage Calculator
$79,980
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.
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