Move in ready condo with a great layout. Open concept living, dining and open to Kitchen. spacious kitchen with lots of cupboards and counter space with breakfast bar. Living room open to Sunroom or office. 2 bedroom, 2 bathrooms spacious condo located in the heart of Westmount and steps to Belmont Village shops, restaurants and close proximity to the University of Waterloo and Wilfred Laurier and on the local transit route at the doorstep. Ensuite laundry is convenient. Lots of storage cupboards along the inner hallway with laundry washer and dryer and storage/pantry space. The primary bedroom is a good size with a private ensuite 3 pc bath. The second bedroom has a closet, windows and use of a spacious 4 pc bath. Bright suite with a great south east view and lots of windows providing natural light. Included in condo fees are: het, hydro and water and access to the gym, workshop, sauna, part/games room. A surface private parking spot is available and a owned locker space is included. Absolutely a great price and purchase for a first time home buyer, young professionals, downsizers, seniors even investors using it accommodate students.Note: new heating cooling system installed in 2024
2 bedrooms, 2 bathrooms, about 1,000 sq ft, works out to roughly $349 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 500 Westmount Rd W #408
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
1000-1199 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
Apartment
Property class
Condo Apartment
500 Westmount Rd W #408 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14118434$349,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 500 Westmount Rd W #408 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
$1,715
/mo
based on the purchase price of $349,000
$69,800 cash
$279,200 financed
$235,160 total interest
Principal54%$279,200
Interest46%$235,160
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.
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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 1-bed homes for sale in Waterloo around $349K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio100.0%On average, homes sold at or above asking.
Active listings408Homes for sale here right now.
Median vs prior 90 days−4.2%Compared with Apr 29 – Jul 28, 2026: prices down.
Based on 439 sales from Jul 28 – Oct 26, 2026 (305 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
500 Westmount Rd W #408 is listed at $349,000 (MLS® X14118434). Summitly updates the price as soon as the MLS® record changes.
Is $349,000 a good price for 500 Westmount Rd W #408?
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 500 Westmount Rd W #408 changed?
No — 500 Westmount Rd W #408 is still listed at its original asking price of $349,000.
How many bedrooms and bathrooms does 500 Westmount Rd W #408 have?
500 Westmount Rd W #408 has 2 bedrooms and 2 bathrooms, with about 1,000–1,199 square feet of living space. It is a condo in Waterloo.
Is 500 Westmount Rd W #408 close to transit?
The nearest rapid-transit station is Grand River Hospital Station (ION), about 1.4 km (about a 18-minute walk) in a straight line. Allen Station is about 1.5 km (about a 19-minute walk), and Willis Way Station is about 1.7 km (about a 21-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 500 Westmount Rd W #408?
About $1,715 a month — principal and interest on $349,000 with 20% down ($69,800), 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 500 Westmount Rd W #408 compare with other homes in Waterloo?
Its asking price of $349,000 is about 49% below the median sold price in Waterloo over the last 90 days, $685,000, across 439 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 500 Westmount Rd W #408 been sold before?
Summitly has no earlier MLS® sale or lease of 500 Westmount Rd W #408 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 500 Westmount Rd W #408?
500 Westmount Rd W #408 is in Waterloo, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 500 Westmount Rd W #408 been on the market?
500 Westmount Rd W #408 was listed today (October 26, 2026).
What is the price per square foot of 500 Westmount Rd W #408?
About $291 to $349 per square foot: the asking price of $349,000 over the 1,000–1,199 sq ft the listing gives as its size range.
Does 500 Westmount Rd W #408 have parking or a garage?
