203 - 8 Hickory Street
Waterloo, ON
- 5 bed
- 5 bath
- approx. 2000-2249 sqft
- Condo Apartment
- 75 days on market
Calling All Investors! Welcome to 8 Hickory Street W, Unit 203, Waterloo - the ultimate income-generating investment property in a prime student rental location within walking distance to the University of Waterloo and Wilfrid Laurier University. This renovated condo offers over 2,000 sq. ft. of functional living space with laminate flooring throughout, 5 spacious bedrooms, 5 bathrooms, an open-concept living and dining area, and a walk-out to a spacious open balcony with room for outdoor furniture and enjoyment. The modern kitchen features stainless steel appliances, granite countertops, ceramic backsplash, a centre island, 2 stainless steel fridges, lots of cabinetry/pantry space and in-suite laundry for everyday convenience. All 5 rooms are fully rented from September 2026 to August 2027, generating a gross monthly income of $4,875 (covers 5 rooms $950/each monthly & parking $125/month), with the 1 owned underground parking space providing an additional $125 per month starting Sept. 2026. Monthly condo fees include unlimited Bell high-speed internet, water, parking, common elements, building insurance, and central air conditioning. The suite comes fully furnished with 5 double-sized bed frames, 5 desks, 5 side tables, washer and dryer, 3-seater couch, 2-seater couch, TV, barstools, dining chairs, window coverings, and electrical light fixtures. Building amenities include an exercise room, party/meeting room, games room, visitor parking, secure bike storage, elevator, and controlled entry. Ideally surrounded by parks and recreation including Kevin Strauss Football Field, Ansley Alumni Field, Hillside Park, Forwell Trail & Creek, Sugarbush Park, and Waterloo Park, with nearby access to University of Waterloo, Wilfrid Laurier University, Conestoga College. Steps to Grand River Transit, and the nearby Conestoga Parkway for easy travel throughout Waterloo Region, Ontario, and the GTA.
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Listing Details
- Taxes (2026)
- $7,483
- Listed
- June 25, 2026
Price History
Property
- Style
- Apartment
- Construction
- Brick, Stone
- Interior
- Auto Garage Door Remote, Carpet Free, Primary Bedroom - Main Floor, Water Heater
Parking
- Garage
- Underground
- Covered Spaces
- 1
- Total Parking
- 1
Utilities
- Heat Source
- Gas
Location & Legal
- Cross Street
- King St. N. & University Ave. W.
- Parcel Number
- 235600023
- Possession
- Flexible
- Occupancy
- Tenant
Condo
- Maintenance Fee
- $889/month
- Fee Includes
- CAC Included, Common Elements Included, Building Insurance Included, Parking Included, Water Included
- Pets
- Yes-with Restrictions
- Locker
- None
- Balcony
- Open
- Amenities
- Party Room/Meeting Room, Exercise Room, Visitor Parking, Bike Storage, Game Room, Elevator
Included
- Inclusions
- All appliances (2 Stainless Steel fridges, stove, dishwasher, Maytag Washer and Dryer [2024]). Each room includes a Desk (5), side table (5) & Double-sized mattress bed frame (5)(Inclusive of mattresses for 4 of 5 rooms), 1 three-seater sofa, 1 two-seater armchair, 1 TV (32-inch), 3 barstools and 3 dining chairs, all electrical light fixtures, all window coverings and 1 parking spot included.
- Rental Items
- Water Heater - Reliance
Schools
Secondary
- Waterloo Collegiate Institute0.3 km
Public · Waterloo Region DSB · 1480 students
Grade 10 literacy: 85% met the provincial standard
- St David Catholic Secondary School0.7 km
Catholic · Waterloo CDSB · 1080 students
Grade 10 literacy: 97% met the provincial standard
- Bluevale Collegiate Institute2.1 km
Public · Waterloo Region DSB · 1115 students
Grade 10 literacy: 88% met the provincial standard
Elementary
- MacGregor Public School0.9 km
Public · Waterloo Region DSB · 510 students
- Winston Churchill Public School1 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-Bruyère1.4 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
Residential Condo & Other in Waterloo · last 12 months
- Median sold price
- $695,000
- Homes sold
- 1,033
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,033 recorded sales of residential condo & other properties in Waterloo over the last 12 months.
Rooms
5 × 3-piece on Flat
Flat
- Bathroom6'1" x 5'6"
- Bathroom6'1" x 5'5"
- Bathroom6'1" x 5'5"
- Bathroom6'1" x 5'8"
- Bathroom5'2" x 8'10"
- Bedroom23'1" x 9'8"
- Bedroom 223'1" x 9'4"
- Bedroom 323'1" x 9'3"
- Bedroom 423'1" x 9'4"
- Bedroom 521'2" x 10'2"
- Dining Room18' x 18'6"
- Kitchen18' x 18'6"
- Living Room
Listed by
SUTTON GROUP-ADMIRAL REALTY INC.
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Mortgage Calculator
$141,800
Estimated Monthly Payment
$3,483
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: $3,483/mo (20% down, 5.5%)
Taxes: $624/mo · Insurance: $177/mo
Maint: $889/mo
Estimates only. Consult a financial advisor.
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