555 Fallingbrook Drive, Waterloo, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Waterloo. Expertly crafted featuring premium brick 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 with 2 functional kitchens
- Generous living space spanning 700-1100 sqft on a premium 40 x 123 ft lot
- Features a finished, apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: Accessory Apartment, In-Law Capability, Primary Bedroom - Main Floor
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to 555 Fallingbrook Dr located in the Lakeshore/Parkdale area of Waterloo centrally located to all amenities including hwy 7&8 and Conestoga mall. This 3+2 bedroom house is recognized by the city as having a legal accessory apartment. The separate entrance to the basement with 2 bedrooms, 1 bathroom, a kitchen and living room provides endless opportunities as a mortgage helper or in-law suite. The main floor features a large living room flooded with natural light, a galley style kitchen & dinette, 1 bathroom & 3 bedrooms with newer windows. The large and private yard backs onto greenspace and a walking trail, with a secluded deck making it the ultimate escape. A/C replaced in 2022, Furnace 2015, Electrical ESA inspected 2025, Roof inspected 2024
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Property Summary
This detached home located at 555 Fallingbrook Drive, Waterloo is currently for sale and has been available on SousaSells for 445 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. 555 Fallingbrook Drive, Waterloo
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
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Features
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Interior Features
Accessory Apartment, In-Law Capability, Primary Bedroom - Main Floor
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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 555 Fallingbrook Drive, Waterloo, ON N2L 4N2
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.