$709,000
+ $889/mo maintenance$355 / sq ft2 months on market
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$589,000
+$581/mo feesCalling 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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What this home costs beyond the asking price, and how that price compares to what else is on the market.
This home is priced above most comparable listings — about 96% of comparable condo apartment listings in Waterloo are asking less.
Based on 95 comparable active condo apartment listings in Waterloo. These are asking prices, not sale prices.
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Payable on closing, on top of the purchase price.
An estimate on the asking price of $709,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of SUTTON GROUP-ADMIRAL REALTY INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
Listing courtesy of ROYAL LEPAGE FLOWER CITY REALTY
$639,000
+$970/mo feesListing courtesy of RE/MAX ICON REALTY
$669,900
+$847/mo feesListing courtesy of McIntyre Real Estate Services Inc.
$650,000
+$1,100/mo feesListing courtesy of RE/MAX TWIN CITY REALTY INC.
$710,000
+$780/mo feesListing courtesy of SUTTON GROUP-ADMIRAL REALTY INC.
$619,900
+$620/mo feesListing courtesy of RE/MAX TWIN CITY REALTY INC.
