High Rental Return! Invest in one of Canada's leading technology hubs! Ideally located in the heart of Waterloo's thriving tech corridor, this property is surrounded by major employers including Agfa, Sandvine, Sybase, the Canadian Innovation Centre, Manulife, and Sun Life headquarters. Just a short walk to the University of Waterloo, Wilfrid Laurier University, and Conestoga College, this corner-unit townhome offers exceptional rental demand and income potential. Featuring 4 spacious bedrooms, the property can generate over $4,000/month in rental income, plus approximately $150/month from parking. An ideal option for parents with students attending nearby universities-occupy one bedroom for your own child while renting out the remaining rooms, with current market rents averaging around $800 per room. A turnkey investment opportunity in a high-demand location with strong cash flow and long-term growth potential.
4 bedrooms, 3 bathrooms, about 1,800 sq ft, works out to roughly $294 per square foot. Chat with Zara if you'd like a deeper read on whether this condo townhouse fits your budget and timing.
Inside 338 Albert St #201
Every detail from the listing, in one place.
Type
Condo Townhouse
Style
Stacked Townhouse
Living space
1800-1999 sq ftas stated on the listing
Parking
1 space
Basement
None
Features & systems
Parking & garage
Parking spaces
1
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Stacked Townhouse
Property class
Condo Townhouse
338 Albert St #201 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13639450$530,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 338 Albert St #201 Compares to the Waterloo Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,604
/mo
based on the purchase price of $530,000
$106,000 cash
$424,000 financed
$357,119 total interest
Principal54%$424,000
Interest46%$357,119
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Waterloo
Other 3–4 bed homes for sale in Waterloo around $530K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio100.1%On average, homes sold at or above asking.
Active listings367Homes for sale here right now.
Median vs prior 90 days−0.3%Compared with May 10 – Aug 8, 2026: prices down.
Based on 417 sales from Aug 8 – Nov 6, 2026 (303 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
2 for sale · 1 for rent at 338 Albert St — plus its sale and lease history.
338 Albert St #201 is listed at $530,000 (MLS® X13639450). Summitly updates the price as soon as the MLS® record changes.
Is $530,000 a good price for 338 Albert St #201?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Waterloo. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 338 Albert St #201 changed?
No — 338 Albert St #201 is still listed at its original asking price of $530,000.
How many bedrooms and bathrooms does 338 Albert St #201 have?
338 Albert St #201 has 4 bedrooms and 3 bathrooms, with about 1,800–1,999 square feet of living space. It is a condo townhouse in Waterloo.
Is 338 Albert St #201 close to transit?
The nearest rapid-transit station is University of Waterloo Station (ION), about 770 m (about a 10-minute walk) in a straight line. Research and Technology Station is about 920 m (about a 12-minute walk), and Laurier - Waterloo Park Station is about 1.0 km (about a 13-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 338 Albert St #201?
About $2,604 a month — principal and interest on $530,000 with 20% down ($106,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 338 Albert St #201 compare with other homes in Waterloo?
Its asking price of $530,000 is about 25% below the median sold price in Waterloo over the last 90 days, $704,914, across 417 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 338 Albert St #201 been sold before?
Summitly has no earlier MLS® sale or lease of 338 Albert St #201 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 338 Albert St #201?
338 Albert St #201 is in Waterloo, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 338 Albert St #201 been on the market?
93 days — 338 Albert St #201 was listed on August 5, 2026.
What is the price per square foot of 338 Albert St #201?
About $265 to $294 per square foot: the asking price of $530,000 over the 1,800–1,999 sq ft the listing gives as its size range.
