B507 - 62 Balsam Street

Welcome to the delightful world of Sage 3 condo living, where you’ll find a charming apartment for sale in Waterloo that’s just perfect for both end users and savvy investors. Nestled at 62 Balsam Street, Waterloo, this stylish and well-maintained 1+1 bedroom, 2-bathroom home is situated right in the heart of Waterloo’s vibrant university district. If you’re looking for a prime location, you’ve hit the jackpot!

This owner-used suite spans a generous 777 sq. ft. and is unfurnished, allowing you the freedom to personalise the space to your liking. The modern open-concept layout makes the most of the available space, creating a welcoming atmosphere that’s ideal for both relaxation and entertaining. The main kitchen is a standout feature, boasting sleek granite countertops and stainless steel appliances, ensuring you have all the essentials for whipping up your favourite meals. With plenty of storage available, you won’t have to worry about clutter taking over your new apartment for sale in Waterloo.

One of the highlights of this property is the versatile den, which can easily double as a home office, guest room, or even a second bedroom. This clever design provides you with the benefits of a two-bedroom unit without the hefty price tag. Imagine the possibilities! Plus, with two bathrooms at your disposal, you’ll never have to queue for the loo again, which is a definite bonus for anyone sharing their space.

As you step outside, you’ll be greeted by a lovely large balcony that can be accessed from both the living room and the bedroom. It’s the perfect spot to enjoy your morning coffee or unwind after a long day, soaking in the vibrant atmosphere of Waterloo. The location is simply unbeatable, with Wilfrid Laurier University (WLU) and the University of Waterloo (UofW) just a stone’s throw away. This makes the apartment for sale in Waterloo an ideal choice for students, professionals, or investors looking to tap into the thriving rental market in the area.

While this condo doesn’t come with a pool or a fireplace, it more than makes up for it with its central air conditioning, ensuring you stay cool during those hot summer months. Additionally, the forced air heating system will keep you warm and toasty during the chilly winters. The property also offers internet access, so you can stay connected with ease. However, do note that there’s no central vacuum system, which may be something to consider if that’s a feature you typically rely on.

The amenities at Sage 3 are truly impressive, providing a social lounge complete with a smart TV, a study area for those late-night cramming sessions, and a rooftop terrace that’s perfect for relaxation or socialising with friends. These shared spaces enhance the community feel of the building, making it a great place to live and connect with your neighbours.

At 62 Balsam Street, Waterloo, you’ll find a well-established condo that’s aged between 11 to 15 years, providing a sense of stability and reliability. The building is constructed from durable concrete, ensuring that it stands the test of time. Although there’s no garage space or additional land included, the underground parking facilities are a practical solution for those who require parking.

In summary, if you’re on the lookout for an apartment for sale in Waterloo, this property at 62 Balsam Street, Waterloo, is a fantastic opportunity. With its prime location, contemporary finishes, and strong investment potential, it’s a smart choice for anyone wanting to immerse themselves in the vibrant life of Waterloo. Don’t miss out on this gem—schedule a viewing today and see for yourself what makes this condo such a desirable place to call home!

Schools in the Neighbourhood

This property is conveniently located near several reputable educational institutions, making it an ideal choice for families. The nearest elementary school, Winston Churchill Public School, is just 1.1 km away and boasts a commendable rating of 4.7, serving grades JK to 6 in English. For older students, Waterloo Collegiate Institute, located only 0.3 km from the property, offers secondary education for grades 9 to 12 with a solid rating of 6.9. Additionally, MacGregor Public School, situated 0.8 km away, caters to grades 7 and 8, although it currently has no rating. Families seeking a Catholic education can consider Our Lady of Lourdes Catholic Elementary School, 2.0 km away, rated 6.3, and St. David Catholic Secondary School, just 0.9 km away, with a higher rating of 7. Other nearby options include Elizabeth Ziegler Public School and Kitchener-Waterloo Collegiate and Vocational School, providing a variety of educational pathways. With a mix of public and Catholic schools offering instruction in both English and French, this area provides excellent educational opportunities for children of all ages.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of approximately 2,340 residents, characterized by a youthful demographic with an average age of 26.3 years. The average household size is 1.9, reflecting a predominantly single population, with 78.41% of individuals identifying as single. Economic indicators show an average household income of $41,400, with a significant portion of the population, 40.6%, classified as low-income. The housing market is competitive, with an average property price of $440,000, and a high percentage of renters at 94.04%, indicating a strong rental market. Condominiums dominate the housing landscape, comprising 79.82% of the available properties. Additionally, 17.31% of households include children, while 17.94% of the population consists of immigrants, contributing to the area's diversity. Educational attainment is notable, 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 reflect the area's demographic trends and economic conditions. Overall, this community presents a vibrant, youthful atmosphere with a strong rental market and a diverse population.