- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1,000–1,199sq ft
- Per sq ft
- $317at the range’s middle
- Tax a year
- $2,1372026 tax year
- Parking
- 1surface
- Days on market
- Members
The brief
About 408-500 Westmount Rd
408-500 Westmount Rd is a 2-bedroom, 2-bathroom condo in Waterloo, listed for sale at an asking price of $349,000 (MLS® X14118434).
Move in ready condo with a great layout. Open concept living, dining and open to Kitchen. spacious kitchen with lots of cupboards and counter space with breakfast bar. Living room open to Sunroom or office. 2 bedroom, 2 bathrooms spacious condo located in the heart of Westmount and steps to Belmont Village shops, restaurants and close proximity to the University of Waterloo and Wilfred Laurier and on the local transit route at the doorstep. Ensuite laundry is convenient. Lots of storage cupboards along the inner hallway with laundry washer and dryer and storage/pantry space. The primary bedroom is a good size with a private ensuite 3 pc bath. The second bedroom has a closet, windows and use of a spacious 4 pc bath. Bright suite with a great south east view and lots of windows providing natural light. Included in condo fees are: het, hydro and water and access to the gym, workshop, sauna, part/games room. A surface private parking spot is available and a owned locker space is included. Absolutely a great price and purchase for a first time home buyer, young professionals, downsizers, seniors even investors using it accommodate students.Note: new heating cooling system installed in 2024
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall43/100−$425/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 45 condos with 2 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
- $2,137 / 2026
- MLS® number
- X14118434
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Days on market
- Size
- 1000-1199 sqft
- Listed on
- Parking
- Surface, 1 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Municipality
- Waterloo
Building
- Size
- 1000-1199 sqft
- Construction
- Brick
Inside
- Bedrooms
- 2
- Bathrooms
- 2
- Bathroom Details
- 1 × 4pc Flat, 1 × 3pc Flat
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Surface
- Additional Parking
- 1
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- Existing: fridge, stove, washer, dryer, range hood, dishwasher, electric fireplace cabinet. ALL INCLUSIONS IN "AS IS" CONDITION AS VIEWED BY THE BUYER
- Condo maint.
- $754
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 3.3 × 4.6 m | hardwood floor, Open Concept, Combined W/Sunroom | Flat |
| Dining | 3.3 × 2.65 m | hardwood floor, Open Concept | Flat |
| Kitchen | 2.81 × 2.95 m | Tile Floor, Open Concept, O/Looks Dining | Flat |
| Primary | 3.25 × 4.2 m | Ensuite Bath, Window, Closet | Flat |
| 2nd Br | 3.39 × 3.58 m | Window, Closet | Flat |
| Sunroom | 1.76 × 2.31 m | Tile Floor, Window, East View | Flat |
Listing history
Buy/sell history for 408-500 Westmount Rd, 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 | $349,000 | N/A | For Sale | X14118434 |
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
- $69,800
- Total mortgage amount
- $279,200
- Total interest payment
- $198,700
- Total purchase cost
- $547,700
- Mortgage payment
- $1,593/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
41%Monthly carrying cost
$2,525- Rent $2,100
- Shortfall $425
Rental income opens at $2,100, the median asking rent of 45 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
- $3,710
- Total land transfer tax
- $3,710
- First-time buyer rebates (Ontario up to $4,000)
- −$3,710
- Total for first-time buyers
- $0
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 $349,000
- $1,485
- Ontario total
- $3,710
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 m8 test or monitoring holes also recorded.250 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 home2
- Nearest rail line: 100 m100 m
- 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 AirBoss of America Corp. — RUBBER SOLUTIONS DIVISION, 1.1 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
- 140
- Median asking price
- $393K
- New in 7 days
- 8
- Price cuts
- 22%
Middle half: $324K to $473K
41 in 28 days
31 listings
This home is asking 11% below 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 |
|---|---|---|
| Grand River Hospital | GRT light rail: ION light rail | 1.4 km |
| Allen | GRT light rail: ION light rail | 1.5 km |
| Willis Way | GRT light rail: ION light rail | 1.7 km |
| Waterloo Public Square | GRT light rail: ION light rail | 1.9 km |
| Kitchener GO | GO Transit train: Kitchener | 2.6 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 |
|---|---|---|---|
| Westmount Public SchoolWaterloo Region DSB | Public · grades JK–6 · French Immersion | 300 m | 73%Grade 6 average |
| Hillside Public SchoolWaterloo Region DSB | Public · grades JK–8 | 450 m | 57%Grade 6 average |
| St John Catholic Elementary SchoolWaterloo CDSB | Catholic · grades JK–8 | 1.1 km | 56%Grade 6 average |
| École élémentaire L'HarmonieConseil scolaire Viamonde | French-language public · grades JK–8 | 3 km | 84%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Kitchener Waterloo Collegiate and Vocational SchoolWaterloo Region DSB | Public · grades 9–12 · French Immersion | 1.5 km | 73%Grade 9 math |
| Resurrection Catholic Secondary SchoolWaterloo CDSB | Catholic · grades 9–12 | 2.1 km | 57%Grade 9 math |
| Forest Heights Collegiate InstituteWaterloo Region DSB | Public · grades 9–12 | 2.4 km | 48%Grade 9 math |
| École secondaire David Saint-JacquesConseil scolaire Viamonde | French-language public · grades 9–12 | 8.9 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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