620 - 251 Hemlock Street

Introducing a remarkable opportunity to acquire a condo for sale in Waterloo , located at 251 Hemlock Street, Waterloo. This impressive Sage 6 condo is situated in the heart of Waterloo's growth district, making it an ideal choice for both self-use and investment purposes. The property is just a stone's throw away from Wilfrid Laurier University, the University of Waterloo, and the University of Waterloo Technology Park. Furthermore, it is conveniently located minutes from a plethora of local amenities, shopping options, entertainment venues, and public transport links.

This condo for sale in Waterloo boasts a generous 692 sq. ft. of living space, featuring two well-appointed bedrooms and two bathrooms. The layout is functional and open, designed to maximise space and light. The high ceilings and laminated flooring throughout create a bright and airy atmosphere, while the south-west corner position ensures ample natural light floods the unit. The kitchen is equipped with a flat design, granite countertops, and an undermount sink, complemented by modern stainless steel appliances. Additionally, the convenience of in-suite laundry enhances the appeal of this property.

At 251 Hemlock Street, Waterloo, you will find that both bedrooms feature ceiling-to-floor windows, offering stunning views and an abundance of light. Although this condo does not include a den, it compensates with its spacious design and practical layout. The absence of a family room does not detract from the overall functionality of the unit, as the open concept living area provides a welcoming space for relaxation and entertainment.

This condo for sale in Waterloo is unfurnished, allowing you the flexibility to personalise the space to your taste. The property is equipped with central air conditioning, ensuring comfort throughout the warmer months. The heating system is forced air, providing efficient warmth during the colder seasons. While there is no central vacuum system or additional land, the single surface garage space offers convenient parking for residents.

The building itself is well-maintained and offers a range of amenities that enhance the living experience. Residents can enjoy access to a well-equipped fitness room, a multi-purpose room for gatherings or events, and a rooftop terrace that provides a perfect spot for relaxation or socialising. The presence of bike parking and visitor parking further adds to the convenience of living at this location.

The condo for sale in Waterloo, located at 251 Hemlock Street, is particularly appealing to investors, as it has been designed primarily for student tenants. Typically, leases in this building last for 3 to 4 years, providing a steady income stream for prospective buyers. The property, built between 6 to 10 years ago, is modern and in excellent condition, making it a sound investment choice.

In summary, if you are searching for a condo for sale in Waterloo that combines convenience, comfort, and investment potential, look no further than 251 Hemlock Street, Waterloo. This property not only offers a bright and spacious living environment but also places you at the centre of a vibrant community. With its proximity to educational institutions, local amenities, and public transport, this condo is a prime opportunity that should not be missed. Embrace the chance to own a piece of Waterloo's thriving growth district today!

Schools in the Neighbourhood

This property is ideally situated near a variety of educational institutions, making it a great choice for families. Within a short distance, you will find Winston Churchill Public School, just 1.2 km away, offering elementary education from JK to grade 6, and boasting an impressive rating of 4.9. MacGregor Public School is even closer at 0.7 km, serving grades 7 to 8, although it currently has no rating. For secondary education, Waterloo Collegiate Institute is located 0.5 km away with a rating of 6.3, while Kitchener-Waterloo Collegiate and Vocational School, 2.8 km away, has a higher rating of 7. The property is also in proximity to several Catholic schools, including Our Lady of Lourdes Catholic Elementary School (1.8 km, rating 6.5) and St. David Catholic Secondary School (1.0 km, rating 7.4). Overall, this area offers a diverse range of schooling options in both English and French, catering to various educational needs and preferences, which is a significant advantage for potential buyers with children.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 2,340 residents, characterized by a relatively young demographic with an average age of 26.3 years. The average household size is 1.9, and a significant majority of the population, approximately 78.41%, is single. The community faces economic challenges, with 40.6% of residents classified as low-income and an average household income of $41,400. The housing market reflects these dynamics, with an average property price of $440,000. A staggering 94.04% of residents are renters, indicating a high demand for rental properties, particularly condos, which make up 79.82% of the housing stock. Additionally, only 17.31% of households have children, suggesting a predominantly adult population. The area is also home to a notable immigrant community, comprising 17.94% of the population. Educational attainment is relatively high, with 59.39% of residents holding a college or university degree. However, a significant portion of the population, 32.99%, is not in the labor force, which may impact local economic activity. Overall, this demographic profile highlights a youthful, predominantly single, and economically diverse community.