530 Penny Lane, Waterloo, ON
Property Highlights
Welcome to this remarkable 2-Storey 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 $650,000 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.
- 3 Bedrooms and 3 Bathrooms
- Generous living space spanning 1500-2000 sqft on a premium 33.52 x 144.58 ft lot
- Features a finished with walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Carpet Free, Water Purifier, Water Softener
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Located in desirable Westvale, this beautifully cared-for open-concept 2-storey home offers comfort, character, and thoughtful updates throughout. Set close to schools, shopping, restaurants, and public transit, this home feels welcoming from the moment you arrive. An oversized front porch adds to the curb appeal and creates a charming spot to enjoy your morning coffee or unwind at the end of the day. Inside, soaring ceilings in the living room create an open, airy feel and a unique living experience. The newly renovated kitchen (2024) offers plenty of cabinetry, great functionality, and a walkout to the large back deck, making indoor-outdoor entertaining easy. A good-sized dining space is ready to welcome your guests, while the main floor bedroom and beautifully updated 4-piece bathroom add flexibility and convenience. Upstairs, the spacious primary bedroom features cathedral ceilings, along with a beautifully updated 3-piece bathroom with a walk-in shower and skylight. The lower level offers excellent flexibility, with space that could be used as an additional bedroom, rec room, or in-law setup, complete with a walkout to the backyard and renovated 3-piece bathroom. Out back, the large deck is surrounded by mature greenery, setting the scene for summer dinners and quiet evenings. The generous backyard, with a 144-foot lot depth, provides plenty of room for families to enjoy, while the custom shed offers great storage for tools, bikes, and outdoor essentials. Recent updates include the kitchen in 2024, main floor bathroom in 2024, basement bathroom in 2022, upstairs bathroom in 2026, reverse osmosis system in 2025, smart thermostat in 2026, and double-wide concrete driveway in 2017. An immaculate home in a wonderful neighbourhood, offering comfort, flexibility, and pride of ownership throughout.
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Property Summary
This detached home located at 530 Penny Lane, Waterloo is currently for sale and has been available on SousaSells for 21 days. This property is listed at $650,000 with an estimated mortgage of $2,164* per month. It has 3 beds, 3 bathrooms, and is 1500-2000 square feet. 530 Penny Lane, 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
Fenced Yard, Golf, Library, Park, Place Of Worship, Public Transit
Interior Features
Carpet Free, Water Purifier, Water Softener
Security Features
Community Features
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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 530 Penny Lane, Waterloo, ON N2T 2L2
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 $650,000 in Waterloo, the legal minimum down payment is $40,000 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 $9,475 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 $9,475.
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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.