194 Cedarbrae Avenue, Waterloo, ON
Property Highlights
Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Waterloo. Expertly crafted featuring premium brick and concrete construction, this residence presents an exceptional opportunity offered at $799,999 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.
- 6 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 52 x 125 ft lot
- Features a finished with walk-out, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available with a convenient built-in configuration
- Notable attributes: Atrium, Brick & Beam, Countertop Range
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
LEGAL accessory apartment. This property is legally permitted to operate as two units. Buyers can live upstairs and rent downstairs, or rent out both units. This property previously held rental licenses for six rooms (3 upstairs and 3 downstairs), including a legal accessory apartment letter. Own this beautifully maintained 3+3 bedroom home situated on an impressive 52x125 ft lot. The fully finished walk-out basement with a separate entrance and above-grade windows offers excellent additional income potential with its own kitchen, bathroom and laundry room. Roof 2013, high eff furnace 2021, high eff central air 2021. Digitally staged for illustration purposes only.
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Key Features
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Property Details
Parking & Garage
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Features
Property Features
Interior Features
Atrium, Brick & Beam, Countertop Range, Floor Drain, Guest Accommodations, Primary Bedroom - Main Floor, Separate Hydro Meter, Storage, Suspended Ceilings, Upgraded Insulation, Ventilation System, Water Heater Owned, Water Meter, Central Vacuum
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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 194 Cedarbrae Avenue, Waterloo, ON N2L 4S5
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Waterloo, ON
For a property listed at $799,999 in Waterloo, the legal minimum down payment is $55,000 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 $12,475 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 $12,475.
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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.