Waterloo Townhomes
Almost 55 percent of the homes in Waterloo are townhomes and single detached homes while the remaining homes are condominium homes, small apartment buildings and large apartment buildings. The city is mainly made up of three, four or more bedroom townhomes.
Almost 70 percent of the homes in Waterloo are occupied by their owners which shows the affordability of homes in the city while remaining are renters. Almost one quarter of housing properties here were constructed in the 1960s & 1970s, and many of the remaining homes were built pre-1960 & in the 1980s.
How many listings are available for sale?
Waterloo townhomes have 66 listings. Listings are mainly of three types here that includes active listings, new listings and sold listings. As of January 2023, townhomes have 80 new listings, 10 sold listings and 68 active listings.
The number of listings is also different for townhomes with different numbers of bedrooms. Townhomes with 2 bedrooms have 15 new listings, 1 sold listing and 9 active listings. Similarly, 3 bedroom townhomes have 45 new listings, 8 sold listings and 36 active listings. And at last, the city has 4 bedroom townhomes with 7 new listings, 1 sold listing and 7 active listings.
What is the average price?
As of January 2023, average home sale price in Waterloo is $574,026 as indicated by a recent MLS Waterloo statistic. The city has 19 median days to sell a home in the real estate market. Average prices in the city are different for different home styles. Townhomes have an average price of $403K while the price was $237K about three months ago. This price is probably due to the outcomes of the pandemic.
Average prices are different for different bedroom townhomes as well. Townhomes with 2, 3 and 4 bedrooms have an average price of $316K, $433K and $274K respectively.
What is available in the price range?
Different townhomes are for sale within their average price ranges. For example, a three bedroom and three bathroom townhome is for sale at 288 ALBERT ST, WATERLOO, CANADA. This 1600 to 1799 sq ft townhome is for $649,900. Another one bedroom and one bathroom townhome are for sale at WATERLOO M5V4B3, WATERLOO, CANADA. This 600 to 699 sq ft townhome is only for $519,900.
You can also buy a 5 bedroom and 4 bathroom townhome of around 1400 to 1599 sq ft at 121 UNIVERSITY AVE E, WATERLOO. This is for $549,900. Another 2 bedroom and 2 bathroom townhome is constructed at 360 ERBSVILLE ROAD, UNIT#17, WATERLOO, CANADA. These 2 bedrooms and 2 bathroom townhome of 1181 sq ft is only for 724,900.
Some more details on Waterloo and its real estate
Waterloo is the 2nd fastest growing city of Canada. The city has the most amazing and affordable townhomes. The average sold price in the city is $574K which shows a monthly change of around 4 percent and yearly change of around 41.1 percent. You need not to live in a rented house in the city. You can buy your own house at reasonable rates.
