330 Phillip Street
Waterloo, ON
- 2 bed
- 1 bath
- approx. 500-599 sqft
- Condo Apartment
- 66 days on market
An exceptional investment opportunity in the heart of Waterloo's thriving university district! This bright and functional 1+1 bedroom, 1 bathroom condo is steps From The University Of Waterloo and Wilfrid Laurier University. The property offers amazing amenities including; fitness centre, basketball court, theatre room, games room, multiple study lounges, and on site retail along with amazing proximity to restaurants and shopping. Whether you're looking to expand your investment portfolio, purchase your first income property, or looking for your kind, this unit offers outstanding rental potential in one of the region's strongest student housing markets. The building has historically experienced nearly 0% vacancy, providing investors with confidence in consistent rental demand and reliable cash flow. Designed for hassle-free ownership, the property also benefits from professional management, offering a stress-free investment experience with minimal day-to-day involvement. Don't miss your chance to own a turnkey investment in a prime location with proven rental performance, exceptional demand, and the convenience of low-maintenance, professionally managed ownership. Already rented through to 2027, however, vacant possession can be provided if sold before the end of August.
Listing Details
- Taxes (2026)
- $3,523
- Listed
- July 7, 2026
Price History
Property
- Style
- Apartment
- Construction
- Brick
- Interior
- None
Parking
- Garage
- Underground
- Covered Spaces
- 0
- Total Parking
- 0
Utilities
- Heat Source
- Gas
Location & Legal
- Cross Street
- University Ave and Phillip St
- Parcel Number
- 236270053
- Possession
- Flexible
- Occupancy
- Tenant
Condo
- Maintenance Fee
- $324/month
- Fee Includes
- Heat Included, Hydro Included, Water Included, Building Insurance Included, Common Elements Included
- Pets
- Yes-with Restrictions
- Locker
- None
- Balcony
- None
Included
- Inclusions
- Stainless steel fridge, stove dishwasher. Built in microwave. Washer and Dryer.
- Exclusions
- None
- Rental Items
- None
Schools
Secondary
- Waterloo Collegiate Institute0.8 km
Public · Waterloo Region DSB · 1480 students
Grade 10 literacy: 85% met the provincial standard
- St David Catholic Secondary School1.2 km
Catholic · Waterloo CDSB · 1080 students
Grade 10 literacy: 97% met the provincial standard
- Bluevale Collegiate Institute3.1 km
Public · Waterloo Region DSB · 1115 students
Grade 10 literacy: 88% met the provincial standard
Elementary
- 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
- MacGregor Public School1.3 km
Public · Waterloo Region DSB · 510 students
- Cedarbrae Public School1.6 km
Public · Waterloo Region DSB · 240 students
Grade 3 reading: 21% met the provincial standard · Grade 6 math: 14% 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
- 1,030
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,030 recorded sales of residential condo & other properties in Waterloo over the last 12 months.
Listed by
IREP REALTY INC.
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Mortgage Calculator
$85,800
Estimated Monthly Payment
$2,108
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: $2,108/mo (20% down, 5.5%)
Taxes: $294/mo · Insurance: $107/mo
Maint: $324/mo
Estimates only. Consult a financial advisor.
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