312 erb Street, Unit 501, Waterloo, ON

$2,199/mo
MLS#:X13715750
2 beds
2 baths
700-799 sqft
1.0 parking
Residential Condo & Other
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Added:Aug 26, 2026(2 days ago)
Updated:Aug 26, 2026(2 days ago)
Last Checked:11 minutes ago

Property Highlights

Welcome to this remarkable 1 Storey/Apt condo apartment located in the coveted neighborhood of Waterloo. Expertly crafted featuring premium brick and concrete construction, this residence presents an exceptional opportunity offered at $2,199 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 2 Bedrooms and 2 Bathrooms
  • Generous living space spanning 700-799 sqft
  • 1.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: None
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to modern urban living at 312 Erb St W! This bright and spacious 2 bedroom, 2 full bathroom condo features an open-concept layout filled with natural light and exceptional outdoor space, highlighted by two private balconies. A peaceful retreat directly off the bedroom, and an expansive main balcony off the kitchen perfect for summer entertaining, outdoor dining, or a small garden. The unit offers ultimate convenience with in-suite laundry included, with the tenant setting up accounts for hydro and water. Residents enjoy access to premier building amenities, including a spacious co-working lounge, party room and private event space, a dedicated pet washing station, and secure electronic parcel lockers. Ideally situated near the University of Waterloo campus, Waterloo Park, the Waterloo Recreation Centre, and vibrant Uptown Waterloo, with everyday shopping, dining, and transit options right along Westmount Road.

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Property Summary

This condo apartment located at 312 erb Street, Waterloo is currently for sale and has been available on SousaSells for 2 days. This property is listed at $2,199 with an estimated mortgage of $7* per month. It has 2 beds, 2 bathrooms, and is 700-799 square feet. 312 erb Street, Waterloo

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Yes! Featuring 2 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Waterloo.

Highly Recommended for Families
What We Love About This Home
  • •2 spacious bedroom layout offering versatile living space
  • •2 well-appointed bathrooms
  • •700-799 sqft of generous functional square footage
Standout Features & Layout
Who Should Buy This Home?

Urban professionals, first-time buyers, or investors looking for low-maintenance living in Waterloo.

Target Buyer Match

Key Features

Bedrooms
2
Bathrooms
2
Kitchens
1
Living Area
700-799 sqft
Property Type
Residential Condo & Other

Additional Details

StatusActive
AddedAug 26, 2026 (2 days ago)
UpdatedAug 26, 2026 (2 days ago)
Last Checked11 minutes ago
Transaction TypeFor Lease

Property Details

Property Sub-TypeCondo Apartment
Architectural Style1 Storey/Apt
ConstructionBrick, Concrete
BasementNone
CountyWaterloo

Parking & Garage

Parking Total1.0
Parking Space0
Garage TypeUnderground

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

  • Arts Centre
  • Golf
  • Hospital
  • Library
  • Park
  • Public Transit

Interior Features

  • None

Security Features

  • Concierge/Security

Community Features

None listed

Frequently Asked Questions about 312 erb Street, Unit 501, Waterloo, ON

Q.What is the asking price for 312 erb Street, Unit 501, Waterloo, ON ?

The current listing price for 312 erb Street, Unit 501, Waterloo, ON in Waterloo is $2,199.

Q.How many bedrooms and bathrooms does this property have?

This property features 2 bedrooms and 2 bathrooms across approximately 700-799 sqft.

Q.What property type and architectural style is 312 erb Street, Unit 501, Waterloo, ON ?

312 erb Street, Unit 501, Waterloo, ON is a Condo Apartment (1 Storey/Apt) featuring a None basement.

Q.What key property features does 312 erb Street, Unit 501, Waterloo, ON offer?

Key property features include: Arts Centre, Golf, Hospital, Library, Park, Public Transit.

Q.What interior features are included in this home?

Interior highlights include: None.

Q.What security features are installed at 312 erb Street, Unit 501, Waterloo, ON ?

Security features include: Concierge/Security.

Q.Is parking available at this property?

Yes, this property offers parking space for 1.0 vehicle (Underground).

Q.What heating and cooling systems are installed?

Heating is provided via Gas and cooling via Central Air.

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Location

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312 erb Street, Unit 501, Waterloo, ON

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Neighborhood Safety Index

Neighborhood Safety & Crime Analytics

Waterloo, Waterloo

SAFETY RATING9.4 / 10
Low Incident Area
Total Annual Incidents35 incidents / yr
Average Per Month2.9 incidents / mo
Population BenchmarkArea Average residents
Personal Safety
Very Low

8 assaults (30.0/100k)

Property Security
Very Low

8 B&E (30.0/100k)

Auto Theft Risk
Low Risk

10 thefts (35.0/100k)

1-Year Trend
â–Ľ 6%

Improving vs previous year

How Per-Capita Rate (Per 100,000 Residents) Is Calculated:

Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.

Source: Official Police Services ArcGIS Open Data
Halton & GTHA Police Network

Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.

Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 312 erb Street 501, Waterloo, ON N2L 1W3

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Waterloo.

Configure Loan Settings

Interest Rate4.00%
Down Payment$660 (30.0%)
* Minimum Canadian down payment required for this price is $110.
Amortization Period30 Years
Estimated Monthly Payment$7Based on a loan of $1,539 over 30 years.
Purchase Price$2,199
Loan Amount$1,539
Provincial Land Transfer Tax:$11
Total Estimated Closing Taxes:$11

About Purchasing a Home in Waterloo, ON

For a property listed at $2,199 in Waterloo, the legal minimum down payment is $110 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $11 for this transaction. As this listing is in Waterloo (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $11.

Waterloo Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Waterloo.

Verified Local Data
City Population575,847
City Median Age38 Yrs
City Ownership65% Owners
Avg Area List Price$864,746

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
45%
Couples without children
28%
Other households
3%

Top Ethnic Origins

English18%
German17%
Scottish15%
Irish15%

Best Schools in Waterloo

Elementary Schools

L'Harmonie
Public158 Bridgeport Road East, Waterloo, Ontario, N2J 2K4
6.5
Elizabeth Ziegler
Public90 Moore Avenue South, Waterloo, Ontario, N2J 1X2
6.3
Winston Churchill
Public100 Milford Avenue, Waterloo, Ontario, N2L 3Z3
5.5
Our Lady of Lourdes
Public55 Roslin Avenue South, Waterloo, Ontario, N2L 6N5
5.0
Mère-Élisabeth-Bruyère
Public280 Glenridge Drive, Waterloo, Ontario, N2J 3W4
6.8

Secondary Schools

St. David
Catholic4 High Street, Waterloo, Ontario, N2L 3X5
8.0
Bluevale
Public80 Bluevale Street North, Waterloo, Ontario, N2J 3R5
7.0

Waterloo Demographic Home information

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

Need more details or a custom CMA?

Generate a full market evaluation or explore city guides using the sidebar links.

Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.

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