- Bedrooms
- 3+2
- Bathrooms
- 3
- Size
- 1,200–1,399sq ft
- Per sq ft
- $384at the range’s middle
- Tax a year
- $3,2802026 tax year
- Parking
- 11 carport
- Days on market
- Members
The brief
About 2-405 Keats Way
2-405 Keats Way is a 3+2-bedroom, 3-bathroom condo townhouse in Waterloo, listed for sale at an asking price of $499,000 (MLS® X13834666).
Stunning, Spacious & Income-Generating Gem Minutes from the University! Welcome to this beautifully maintained and incredibly spacious home offering the perfect blend of comfortable family living and exceptional income potential! Boasting 3+2 bedrooms and 3 full bathrooms across three fully finished levels, this home is a rare find in an unbeatable location. Step inside to discover a bright and airy main floor with stylish vinyl flooring throughout the open-concept living room, dining room, and versatile office/family room. The modern kitchen is a chefs dream, complete with a double sink, new range hood, and a brand-new stove to be installed before closing. The kitchen flows seamlessly into the dining area, which walks out to a private patio perfect for morning coffee or evening gatherings. Upstairs, youll find three oversized bedrooms with generous closet space and a full bathroom, offering ideal space for a growing family. Downstairs, the fully finished basement features two additional bedrooms, a full kitchen, and another full bathroom a perfect in-law suite or private rental unit with fantastic income-generating potential. Previously rented for up to $5,000/month, this home offers a lucrative opportunity for investors, first-time buyers, or those seeking to live upstairs and rent out the basement. The home comes with convenient carport parking right outside the unit, plus free visitor parking. The low monthly maintenance fee includes water, parking, landscaping, and snow removal, making this home both budget-friendly and hassle-free. Located just 5 minutes from the University, this is a prime location for students, professionals, and families alike. Whether you're looking for a beautiful place to call home, a high-yield rental property, or the perfect mix of both this house checks all the boxes. Don't miss your chance to own this bright, spacious, and versatile home in a sought-after area. Book your showing today!
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Near break-even59/100−$40/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 10 homes with 5 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
- $3,280 / 2026
- MLS® number
- X13834666
- Board
- TRREB MLS®
- Property Type
- Condo Townhouse
- Days on market
- Size
- 1200-1399 sqft
- Listed on
- Parking
- 1 Carport, 1 Parking
Property details
Property
- Property Type
- Condo Townhouse
- Style
- 2-Storey
- Municipality
- Waterloo
Building
- Size
- 1200-1399 sqft
- Construction
- Brick
Inside
- Bedrooms
- 3+2
- Bathrooms
- 3
- Bathroom Details
- 1 × 3pc Main, 1 × 4pc 2nd, 1 × 3pc Bsmt
- Basement Type
- Apartment
- Kitchens
- 1
Parking
- Garage Type
- Carport
- Garage
- 1
- Additional Parking
- 0
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- No
- Den
- Yes
- Family room
- Yes
- Extras
- New Rangehood and Stove, Fridge, Dishwasher, Washer & Dryer, Basement Hot plate and Fridge, Owned Water Heater tank.Certain furnishings may be negotiated as part of the purchase agreement.
- Condo maint.
- $590
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 3.08 × 3.2 m | Combined W/Kitchen, Window, Vinyl Floor | Main |
| Kitchen | 2.53 × 2.26 m | Combined W/Living, Combined W/Dining, B/I Dishwasher | Main |
| Dining | 3.72 × 2.8 m | Combined W/Kitchen, W/O To Deck, Combined W/Office | Main |
| Office | 2.59 × 3.35 m | Combined W/Dining, Vinyl Floor | Main |
| Primary | 3.69 × 3.35 m | His/Hers Closets, Window, Vinyl Floor | 2nd |
| 2nd Br | 3.5 × 2.96 m | Double Closet, Window, Vinyl Floor | 2nd |
| 3rd Br | 2.59 × 3.96 m | Double Closet, Window, Vinyl Floor | 2nd |
| 4th Br | 0.0 × 0.0 m | — | Bsmt |
| 5th Br | 0.0 × 0.0 m | — | Bsmt |
Listing history
Buy/sell history for 2-405 Keats Way, 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 | $499,000 | N/A | For Sale | X13834666 |
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
- $99,800
- Total mortgage amount
- $399,200
- Total interest payment
- $283,900
- Total purchase cost
- $782,900
- Mortgage payment
- $2,277/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
21%Monthly carrying cost
$3,140- Rent $3,100
- Shortfall $40
Rental income opens at $3,100, the median asking rent of 10 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
- $6,455
- Total land transfer tax
- $6,455
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $2,455
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 $499,000
- $1,980
- Ontario total
- $6,455
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 conservation2
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m250 m
Province of Ontario open data
Planning and building activity1
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
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 Region of Waterloo, Waste Management Division — Waterloo Landfill Site, 2.4 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 60 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (60 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.60 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 at the median.
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 |
|---|---|---|
| University of Waterloo | GRT light rail: ION light rail | 2.1 km |
| Laurier - Waterloo Park | GRT light rail: ION light rail | 2.1 km |
| Willis Way | GRT light rail: ION light rail | 2.6 km |
| Waterloo Public Square | GRT light rail: ION light rail | 2.7 km |
| Research and Technology | GRT light rail: ION light rail | 2.8 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: GRT ION stops map layer from the Region of Waterloo under the Region of Waterloo Open Data Licence, downloaded October 18, 2026. Contains information provided by the Regional Municipality of Waterloo under licence.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Mary Johnston Public SchoolWaterloo Region DSB | Public · grades JK–6 · French Immersion | 750 m | 89%Grade 6 average |
| Keatsway Public SchoolWaterloo Region DSB | Public · grades JK–6 · French Immersion | 800 m | 71%Grade 6 average |
| Holy Rosary Catholic Elementary SchoolWaterloo CDSB | Catholic · grades JK–8 · French Immersion | 1.4 km | 78%Grade 6 average |
| École élémentaire L'HarmonieConseil scolaire Viamonde | French-language public · grades JK–8 | 4.1 km | 84%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Resurrection Catholic Secondary SchoolWaterloo CDSB | Catholic · grades 9–12 | 2 km | 57%Grade 9 math |
| Waterloo Collegiate InstituteWaterloo Region DSB | Public · grades 9–12 | 3.1 km | 57%Grade 9 math |
| Laurel Heights Secondary SchoolWaterloo Region DSB | Public · grades 9–12 | 3.5 km | 83%Grade 9 math |
| St David Catholic Secondary SchoolWaterloo CDSB | Catholic · grades 9–12 · French Immersion | 3.6 km | 67%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.