H302 - 62 Balsam Street

Nestled in the vibrant community of 417 - Beechwood/University, this stunning apartment for sale in Waterloo at 62 Balsam Street, Waterloo, presents an exceptional opportunity for those seeking a blend of comfort and convenience. Spanning over 900 square feet, this meticulously maintained one-storey condo apartment is perfect for first-time buyers, professionals, or savvy investors looking for a turnkey property in a prime location.

The layout of this apartment for sale in Waterloo is thoughtfully designed, featuring one spacious bedroom and two full bathrooms, ensuring ample living space for its occupants. While there is no den, the generous size of the rooms allows for flexible living arrangements, making it a great option for shared accommodation if desired. The open-concept kitchen is a highlight, complete with a breakfast bar, full-size appliances, and a built-in dishwasher, making meal preparation a breeze.

Natural light floods the apartment through the southwest-facing floor-to-ceiling windows, creating a warm and inviting atmosphere throughout. Each room offers direct access to a private balcony that spans over 100 square feet, providing a lovely view of the lively Woonerf streetscape below. Imagine enjoying your morning coffee or unwinding after a long day in this delightful outdoor space.

The primary bedroom is a true retreat, featuring a walk-in closet and a private four-piece ensuite bathroom, offering both privacy and convenience. Additionally, the second full bathroom is ideal for guests or shared living arrangements. In-suite laundry facilities, including a washer and dryer, add to the everyday practicality of this home.

One of the standout features of this apartment for sale in Waterloo is the inclusion of an extra-wide underground parking space. Conveniently located near the elevator, this space is large enough to accommodate an SUV or minivan, making it perfect for those with larger vehicles.

Residents of this condo can take advantage of a range of amenities designed to enhance their living experience. Professional management ensures that the building is well-maintained, while a strong reserve fund provides peace of mind for future needs. The rooftop terrace offers a fantastic space for socialising or relaxing, and the study lounge is perfect for those who need a quiet spot to work or study. Additional features include a bike room, secured entry, and visitor parking, making this a highly desirable location.

The apartment is equipped with central air conditioning, ensuring a comfortable living environment year-round, and high-speed internet is included in the condo fees, making it easy to stay connected. While there is no swimming pool or family room, the combination of the well-appointed living spaces and the community amenities more than makes up for it.

Situated in the heart of Waterloo, this apartment for sale in Waterloo is just steps away from Wilfrid Laurier University and a short distance from the University of Waterloo, making it an ideal location for students or university staff. The area boasts a lively atmosphere with plenty of shops, restaurants, and recreational opportunities nearby, ensuring that residents have everything they need within easy reach.

Built in 2015, this property combines modern design with practical features, making it a fantastic investment in Waterloo’s thriving housing market. Whether you’re looking for a personal residence or a rental opportunity, this apartment for sale in Waterloo at 62 Balsam Street, Waterloo, offers exceptional value and long-term potential. Don’t miss out on the chance to make this wonderful condo your new home!

The 417 - Beechwood/University area in Waterloo is a vibrant and inviting neighbourhood that seamlessly blends residential charm with the dynamic energy of academic life. Nestled near the University of Waterloo, this community boasts tree-lined streets, well-maintained parks, and a variety of local shops and cafes, making it an ideal location for students, families, and professionals alike. The proximity to educational institutions ensures a lively atmosphere, while the surrounding amenities provide convenient access to everything from grocery stores to recreational facilities. With a strong sense of community spirit and a diverse population, 417 - Beechwood/University offers a welcoming environment for anyone looking to settle in this picturesque part of Waterloo.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest school, MacGregor Public School, is just 0.8 km away and caters to grades 7 and 8, although it currently has a low school rating. For younger children, Winston Churchill Public School is only 1.1 km away, offering a strong academic program for grades JK to 6 with an impressive rating of 4.9. For secondary education, Waterloo Collegiate Institute is a mere 0.3 km from the property, providing grades 9 to 12 with a rating of 6.3. Additionally, St. David Catholic Secondary School, located 0.8 km away, serves grades 9 to 12 and boasts a higher rating of 7.4. Other nearby options include Kitchener-Waterloo Collegiate and Vocational School, which offers a French program for secondary students, and Our Lady of Lourdes Catholic Elementary School, both within a short distance. With a mix of public and Catholic schools, as well as options for both English and French language studies, this area provides a robust educational landscape for families considering this property.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 2,340 residents, characterized by a youthful demographic with an average age of 26.3 years. The average household size is relatively small at 1.9 individuals, and a significant majority of the population, approximately 78.41%, is single. The average household income stands at $41,400, with a notable 40.6% of the population classified as low-income. Housing in the area is predominantly rental, with 94.04% of residents renting their homes, and condos make up 79.82% of the housing stock. The average property price is around $440,000. Families with children represent 17.31% of households, while 17.94% of the population consists of immigrants. Educational attainment is high, with 59.39% of residents holding a college or university degree. However, a significant portion of the population, 32.99%, is not actively participating in the labor force. This demographic profile indicates a vibrant, youthful community with a strong rental market and a mix of educational backgrounds, alongside challenges related to income levels and housing affordability.