406 Lakeview Drive, Waterloo, ON

$999,999
MLS#:X12141255
4 beds
3 baths
1500-2000 sqft
4.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Waterloo. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $999,999 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.

  • 4 Bedrooms and 3 Bathrooms
  • Generous living space spanning 1500-2000 sqft on a premium 45.07 x 143.96 ft lot
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Bar Fridge
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Step into this beautifully upgraded home featuring a bright, open-concept main floorperfect for entertaining! The heart of the home is a gourmet kitchen complete with a large island, sleek finishes, and an abundance of natural light. Walk out from the main living area to a spacious deck that overlooks the patio and a lush, pie-shaped backyard offering both privacy and tranquility. Upstairs, you'll find three generously sized bedrooms, including a luxurious primary suite with a walk-in closet, a private ensuite, and sliding doors to your own balcony retreat. The fully finished basement offers incredible flexibility, featuring a large rec room, an additional bedroom, a 3-piece bathroom, and plenty of storageideal for guests, a home gym, or a teens retreat. Enjoy the convenience of an oversized double garage and a double-wide driveway with space for up to 4 vehicles. Outside, the beautifully landscaped yard is your personal oasis with an in-ground pool, sauna, and gardena dream setting for summer entertaining or quiet evenings at home. With modern, luxurious upgrades throughout, this home is as functional as it is elegant. Located close to major roads, conservation areas, St. Jacobs Farmers Market, and local universities, this property offers the perfect blend of tranquility and connectivity.

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Property Summary

This detached home located at 406 Lakeview Drive, Waterloo is currently for sale and has been available on SousaSells for 429 days. This property is listed at $999,999 with an estimated mortgage of $3,329* per month. It has 4 beds, 3 bathrooms, and is 1500-2000 square feet. 406 Lakeview Drive, Waterloo

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
4
Bathrooms
3
Kitchens
1
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateMay 25, 2025
Sold price information is available to members only
Listed Date5/12/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow-Raised
ConstructionBrick
BasementFinished
Lot Size45.07 × 143.96 Feet
CountyWaterloo
Annual Tax$5,777
Legal DescriptionLT 25 PL 1371 CITY OF WATERLOO; S/T 529950; WATERLOO

Parking & Garage

Parking Spaces4.0
Garage Spaces2
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Bar Fridge

Security Features

Community Features

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Location

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406 Lakeview Drive, Waterloo, ON

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 406 Lakeview Drive, Waterloo, ON N2L 4Z6

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Waterloo.

Configure Loan Settings

Interest Rate4.00%
Down Payment$300,000 (30.0%)
* Minimum Canadian down payment required for this price is $75,000.
Amortization Period30 Years
Estimated Monthly Payment$3,329Based on a loan of $699,999 over 30 years.
Purchase Price$999,999
Loan Amount$699,999
Provincial Land Transfer Tax:$16,475
Total Estimated Closing Taxes:$16,475

About Purchasing a Home in Waterloo, ON

For a property listed at $999,999 in Waterloo, the legal minimum down payment is $75,000 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 $16,475 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 $16,475.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Waterloo.

Verified Local Data
City Population575,847
City Median Age38 Yrs
City Ownership65% Owners
Avg Area List Price$773,284

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
45%
Couples without children
28%
Other households
3%

Top Ethnic Origins

English18%
German17%
Scottish15%
Irish15%

Local Schools Guide

Elementary Schools

Our Lady of Lourdes
Public55 Roslin Avenue South, Waterloo, Ontario, N2L 6N5
5.0
Elizabeth Ziegler
Public90 Moore Avenue South, Waterloo, Ontario, N2J 1X2
6.3
Winston Churchill
Public100 Milford Avenue, Waterloo, Ontario, N2L 3Z3
5.5
L'Harmonie
Public158 Bridgeport Road East, Waterloo, Ontario, N2J 2K4
6.5
Keatsway
Public323 Keats Way, Waterloo, Ontario, N2L 5V9
4.8

Secondary Schools

St. David
Catholic4 High Street, Waterloo, Ontario, N2L 3X5
8.0
Bluevale
Public80 Bluevale Street North, Waterloo, Ontario, N2J 3R5
7.0

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.