502B Lonelm Court, Waterloo, ON
Property Highlights
Welcome to this remarkable 2-Storey other located in the coveted neighborhood of Waterloo. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $619,900 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 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 700-1100 sqft on a premium 26.41 x 102.58 ft lot
- Features a apartment, finished with walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Accessory Apartment, In-Law Suite
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to this beautifully maintained 3+1 bedroom semi-detached home, ideally located on a quiet court just minutes from the University of Waterloo. Featuring a legal accessory apartment with a separate entrance, this home offers excellent income potential or flexibility for multi-generational living. The bright main floor boasts a renovated kitchen (2018), new flooring in the kitchen and hallway, and convenient in-suite laundry. Upstairs includes 3 spacious bedrooms, while the fully finished basement (renovated in 2023) includes a very spacious 4th bedroom, that can fit a perfect office/student desk, a second kitchen, full bathroom, laundry, and private entry making it a completely self-contained suite for tenants or your own family. Additional updates include Attic insulation R60 (Aug 2025), Eavestroughs (July 2025), and Air conditioning (2019). Whether you're a savvy investor or looking for a home that can grow with your family, this one checks all the boxes!
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Property Summary
This other located at 502B Lonelm Court, Waterloo is currently for sale and has been available on SousaSells for 328 days. This property is listed at $619,900 with an estimated mortgage of $2,063* per month. It has 4 beds, 2 bathrooms, and is 700-1100 square feet. 502B Lonelm Court, Waterloo
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Cul de Sac/Dead End, Hospital, Level, Place Of Worship, Park, School
Interior Features
Accessory Apartment, In-Law Suite
Security Features
Community Features
Location
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 502B Lonelm Court, Waterloo, ON N2L 5E1
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 $619,900 in Waterloo, the legal minimum down payment is $36,990 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 $8,873 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 $8,873.
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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.