520 Teakwood 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 $779,000 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 with 2 functional kitchens
- Generous living space spanning 700-1100 sqft on a premium 65 x 122 ft lot
- Features a separate entrance, finished, full basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available with a convenient carport configuration
- Notable attributes: Carpet Free, Floor Drain, Primary Bedroom - Main Floor
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
On a prime corner lot in the street of Lakeshore Village, you will find 520 Teakwood Drive. Sitting on an over-sized 65 by 122+ foot lot, this home offers plenty of outdoor space to enjoy with two large side yards and a private back deck. The interior is filled with natural light, creating a warm and inviting atmosphere across more than 2,000 square feet of total living space. Meticulously maintained, the main level features three bright bedrooms, including one with a seamless walk-out to the deck. Throughout this level, the recently refinished original hardwood floors add a touch of timeless character and warmth to every room. The kitchen has been thoughtfully updated with a larger island, newer appliances, modern countertops, and a stylish backsplash. Downstairs, the space continues to impress with a large family room and two additional bedrooms featuring egress windows. This lower level also includes a kitchenette new in 2018, a full bathroom, and laundry facilities. This home has been extensively renovated and is truly ready for its next owners. Much of the basement was redone in 2024, which included the installation of a new furnace and sump pump. The roof and siding were also redone this past fall (and come with an extensive transferable warranty). The storage shed was also completely rebuilt in the fall. This home is completely move-in ready. With two expansive side yards and a private back deck, this property is a dream for gardeners and families alike. Whether you're hosting a summer BBQ or enjoying a quiet morning coffee surrounded by mature trees, the outdoor space provides endless options for relaxation and play. Get in before the summer so you can relax and enjoy all that 520 Teakwood has to offer!
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Property Summary
This detached home located at 520 Teakwood Drive, Waterloo is currently for sale and has been available on SousaSells for 183 days. This property is listed at $779,000 with an estimated mortgage of $2,593* per month. It has 5 beds, 2 bathrooms, and is 700-1100 square feet. 520 Teakwood Drive, 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
Park, Public Transit, Rec./Commun.Centre
Interior Features
Carpet Free, Floor Drain, Primary Bedroom - Main Floor, Sump Pump, Water Heater Owned, Water Meter, Water Softener
Security Features
Carbon Monoxide Detectors, Smoke Detector
Community Features
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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 520 Teakwood Drive, Waterloo, ON N2L 4L4
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 $779,000 in Waterloo, the legal minimum down payment is $52,900 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 $12,055 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 $12,055.
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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.