Welcome to 62 Balsam Street! Discover the perfect blend of comfort, convenience, and contemporary living in this spacious 869 sq. ft. Sage condo, complete with a generous private balcony. Ideal for singles, young couples, first-time buyers, or investors, this well-appointed unit offers modern finishes, granite countertops throughout, and stainless steel appliances.Featuring a versatile 1-bedroom plus den layout, this spacious unit offers flexibility for a home office, guest space, or additional living area. The primary bedroom boasts a private 4-piece ensuite, adding comfort and convenience to everyday living.Location, location, location! Enjoy being within walking distance of Wilfrid Laurier University's Lazaridis School of Business and Economics, the University of Waterloo, public transportation, and grocery stores. Whether you're looking for a convenient lifestyle close to campus and amenities or a property in a desirable rental location, this condo checks all the boxes.For investors, the added bonus of excellent AAA tenants already in place offers the potential for immediate rental income. For end-users, the spacious layout, modern features, and unbeatable location make this an excellent place to call home.Whether you're buying your first home, starting a new chapter as a couple, or expanding your investment portfolio, this Sage condo offers exceptional versatility and value.Modern Comfort. Prime Location. Endless Possibilities.
2 bedrooms, 2 bathrooms, about 800 sq ft, works out to roughly $469 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 62 Balsam St #B508
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
800-899 sq ftas stated on the listing
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
0
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
62 Balsam St #B508 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14092212$375,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 62 Balsam St #B508 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
$1,842
/mo
based on the purchase price of $375,000
$75,000 cash
$300,000 financed
$252,679 total interest
Principal54%$300,000
Interest46%$252,679
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
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
Own a home on Balsam Street? See what yours is worth
Get an instant estimate for your own home, based on recent sales around you. A free account shows the number and emails you the full report.
Free · No obligation · Backed by Coldwell Banker
Book a tour of 62 Balsam St #B508 with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
Zara, any time
Zara · AI virtual agent
Ask about 62 Balsam St #B508 day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
A licensed local agent
Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
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 1–2 bed homes for sale in Waterloo around $375K.
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 listings413Homes for sale here right now.
Median vs prior 90 days−3.4%Compared with Apr 26 – Jul 25, 2026: prices down.
Based on 428 sales from Jul 25 – Oct 23, 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
6 for sale at 62 Balsam St — plus its sale and lease history.
62 Balsam St #B508 is listed at $375,000 (MLS® X14092212). Summitly updates the price as soon as the MLS® record changes.
Is $375,000 a good price for 62 Balsam St #B508?
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 62 Balsam St #B508 changed?
No — 62 Balsam St #B508 is still listed at its original asking price of $375,000.
How many bedrooms and bathrooms does 62 Balsam St #B508 have?
62 Balsam St #B508 has 2 bedrooms and 2 bathrooms, with about 800–899 square feet of living space. It is a condo in Waterloo.
Is 62 Balsam St #B508 close to transit?
The nearest rapid-transit station is Laurier - Waterloo Park Station (ION), about 910 m (about a 11-minute walk) in a straight line. University of Waterloo Station is about 980 m (about a 12-minute walk), and Research and Technology Station is about 1.3 km (about a 17-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 62 Balsam St #B508?
About $1,842 a month — principal and interest on $375,000 with 20% down ($75,000), 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 62 Balsam St #B508 compare with other homes in Waterloo?
Its asking price of $375,000 is about 45% below the median sold price in Waterloo over the last 90 days, $687,500, across 428 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 62 Balsam St #B508 been sold before?
Summitly has no earlier MLS® sale or lease of 62 Balsam St #B508 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 62 Balsam St #B508?
62 Balsam St #B508 is in Waterloo, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 62 Balsam St #B508 been on the market?
4 days — 62 Balsam St #B508 was listed on October 19, 2026.
What is the price per square foot of 62 Balsam St #B508?
About $417 to $469 per square foot: the asking price of $375,000 over the 800–899 sq ft the listing gives as its size range.
