257 THORNCREST Drive, Waterloo, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Waterloo. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $599,000 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.
- 5 Bedrooms and 2 Bathrooms
- Generous living space spanning 700-1100 sqft on a premium 50.16 x 147 ft lot
- Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available with a convenient carport configuration
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Take advantage of this affordable opportunity in Waterloo! This charming bungalow is conveniently located just a short walk from the University of Waterloo. The home features 3 bedrooms and 1 bathroom on the main floor, with an additional 2 bedrooms, a kitchenette, and a 3-piece bathroom in the fully finished lower level. The basement also boasts a separate entrance and is approved for a Class A-4 Bedroom license, Rental House License, making it perfect for generating rental income. Outside, you'll find a large, private backyard with no rear neighbors. Whether you're an investor or a first-time homebuyer, this property offers endless potential to make it your own!
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Property Summary
This detached home located at 257 THORNCREST Drive, Waterloo is currently for sale and has been available on SousaSells for 648 days. This property is listed at $599,000 with an estimated mortgage of $1,994* per month. It has 5 beds, 2 bathrooms, and is 700-1100 square feet. 257 THORNCREST Drive, Waterloo
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 257 THORNCREST Drive, Waterloo, ON N2L 4L2
Based on 0 recent similar sales in the pocket.
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 $599,000 in Waterloo, the legal minimum down payment is $34,900 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 $8,455 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 $8,455.
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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.