101-121 University Ave
Waterloo, Ontario N2J 4J1
- Bedrooms
- 3
- Bathrooms
- 3
- Size
- 1,400–1,599sq ft
- Per sq ft
- $280at the range’s middle
- Tax a year
- $3,4482026 tax year
- Parking
- 1none
- Days on market
- Members
The brief
About 101-121 University Ave
101-121 University Ave is a 3-bedroom, 3-bathroom condo townhouse in Waterloo, listed for sale at an asking price of $419,900 (MLS® X13763314).
Welcome to 121 University Avenue East Unit 101, Waterloo! An ideal opportunity for first-time buyers, investors, or parents of students, this beautifully maintained townhouse is located directly across from Conestoga College's Waterloo campus & just a short walk to the University of Waterloo & Wilfrid Laurier University. With its prime location, this home truly checks all the boxes. Step Inside, you'll be welcomed by a freshly painted interior & a spacious main floor that has been thoughtfully updated. The fully renovated kitchen (2022) features maple cabinetry, tiled floors & plenty of prep & storage space. The adjoining dining area is perfect for family dinners or gatherings with friends. A bright & airy living room offers plenty of space to relax & provides direct walkout access to a large private patio where you can enjoy your morning coffee or summer BBQs. The powder room on this level has also been tastefully updated 2023. Except for the entrance, kitchen & basement, the entire home features updated wall-to-wall carpeting (2023). Upstairs, you'll find 3 generous bedrooms with The primary suite comes complete with a walk-in closet & a fully renovated 4pc ensuite bath (2024), while the other two bedrooms share another renovated full bathroom (2024). The partially finished basement includes a sizeable recreation room & laundry facilities, with lots of room left for future customization & personal touches. With its flexible layout, there is also potential to convert part of the area into additional bedrooms while still keeping a large recreation space. Additional highlights include a new water softener (2024), one parking spot included with lots of visitor parking. The location is unbeatable, close to bus routes, shopping, restaurants, entertainment & just minutes from major highways. Whether you're looking for a comfortable family home, a smart investment or student housing close to campus, this property offers it all. Book your showing today & make it yours!
Insights
Condition Score
Good76/1002 documented update signals
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall44/100−$470/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 22 homes with 3 bedrooms for lease in Waterloo right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $3,448 / 2026
- MLS® number
- X13763314
- Board
- TRREB MLS®
- Property Type
- Condo Townhouse
- Days on market
- Size
- 1400-1599 sqft
- Listed on
- Parking
- None, 1 Parking
Property details
Property
- Property Type
- Condo Townhouse
- Style
- 2-Storey
- Municipality
- Waterloo
Building
- Size
- 1400-1599 sqft
- Construction
- Brick
Inside
- Bedrooms
- 3
- Bathrooms
- 3
- Bathroom Details
- 1 × 2pc Main, 2 × 4pc 2nd
- Basement Type
- Full
- Kitchens
- 1
Parking
- Garage Type
- None
- Additional Parking
- 1
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- Dishwasher, Dryer, Refrigerator, Stove, Washer, Window Coverings
- Condo maint.
- $767
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Bathroom | 1.3 × 1.3 m | 2 Pc Bath | Main |
| Living | 8.9 × 3.3 m | — | Main |
| Kitchen | 3.4 × 5.5 m | — | Main |
| Dining | 2.3 × 3.3 m | — | Main |
| Primary | 3.4 × 4.8 m | — | 2nd |
| 2nd Br | 2.6 × 3.4 m | — | 2nd |
| 3rd Br | 3.6 × 3.4 m | — | 2nd |
| Bathroom | 1.4 × 2.3 m | 4 Pc Ensuite | 2nd |
| Bathroom | 1.5 × 2.3 m | 4 Pc Bath | 2nd |
| Rec | 4.8 × 5.1 m | — | Bsmt |
| Laundry | 4.7 × 3.4 m | — | Bsmt |
| Utility | 1.7 × 4.1 m | — | Bsmt |
Listing history
Buy/sell history for 101-121 University Ave, Waterloo, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $419,900 | N/A | For Sale | X13763314 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $83,980
- Total mortgage amount
- $335,920
- Total interest payment
- $238,880
- Total purchase cost
- $658,780
- Mortgage payment
- $1,916/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
40%Monthly carrying cost
$2,970- Rent $2,500
- Shortfall $470
Rental income opens at $2,500, the median asking rent of 22 comparable homes for lease in Waterloo. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $4,873
- Total land transfer tax
- $4,873
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $873
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $419,900
- $398
- Ontario total
- $4,873
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation4
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m32 test or monitoring holes also recorded.250 m
- Groundwater recorded about 2.1 m below ground nearbyThe middle water level in the well records within 500 m (98 records). It changes with the season and from spot to spot.500 m
- Bedrock about 36 m down nearbyThe middle depth to bedrock in the well records within 500 m.500 m
Province of Ontario open data
Planning and building activity2
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- Nearest airport: 9.5 km9.5 km
Province of Ontario open data
Around the home1
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Regional Municipality of Waterloo — Waterloo Wastewater Treatment Plant, 1.4 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Enova Power Corp.At the address
- Wired internet 50/10 Mbps or faster is listed at a household 140 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (140 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.140 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Netflash Internet Solutions, Rogers, Vianet, Waterloo Wireless, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Grand River Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
The market
Condos for sale in Waterloo right now
- For sale now
- 55
- Median asking price
- $499K
- New in 7 days
- 5
- Price cuts
- 22%
Middle half: $427K to $579K
21 in 28 days
12 listings
This home is asking 16% below the median, lower than three quarters of them.
See all homes in WaterlooAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Waterloo Public Square | GRT light rail: ION light rail | 1.6 km |
| Laurier - Waterloo Park | GRT light rail: ION light rail | 1.8 km |
| Willis Way | GRT light rail: ION light rail | 1.8 km |
| Allen | GRT light rail: ION light rail | 1.9 km |
| Kitchener GO | GO Transit train: Kitchener | 3 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx; GRT ION stops map layer from the Region of Waterloo under the Region of Waterloo Open Data Licence, downloaded October 18, 2026. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx. Contains information provided by the Regional Municipality of Waterloo under licence.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| ÉÉC Mère-Élisabeth-BruyèreConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–6 | 800 m | 85%Grade 6 average |
| Lincoln Heights Public SchoolWaterloo Region DSB | Public · grades JK–8 | 800 m | 66%Grade 6 average |
| École élémentaire L'HarmonieConseil scolaire Viamonde | French-language public · grades JK–8 | 900 m | 84%Grade 6 average |
| St Agnes Catholic Elementary SchoolWaterloo CDSB | Catholic · grades JK–8 | 1.2 km | 63%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Waterloo Collegiate InstituteWaterloo Region DSB | Public · grades 9–12 | 1.2 km | 57%Grade 9 math |
| Bluevale Collegiate InstituteWaterloo Region DSB | Public · grades 9–12 | 1.3 km | 75%Grade 9 math |
| St David Catholic Secondary SchoolWaterloo CDSB | Catholic · grades 9–12 · French Immersion | 1.3 km | 67%Grade 9 math |
| École secondaire David Saint-JacquesConseil scolaire Viamonde | French-language public · grades 9–12 | 9.6 km | 70%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in Waterloo are shown to signed-in members.