556 SPRUCEHILL Avenue, Waterloo, ON
Property Highlights
Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Waterloo. Expertly crafted featuring premium vinyl siding and brick construction, this residence presents an exceptional opportunity offered at $840,000 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 1100-1500 sqft
- Features a separate entrance, finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available
- Notable attributes: Water Meter, Accessory Apartment, Water Heater
- equipped with central air central cooling and highly efficient water heating via gas
Description
Charming Raised Bungalow with Accessory Unit and Modern Updates. Welcome to this beautifully updated raised bungalow that perfectly blends comfort, style, and income potential. The main floors open-concept design allows a bright seamless flow from living room to dining area to kitchen, ideal for family gatherings or entertainment. This home boasts recent upgrades throughout and includes a self-contained, 2 bedroom, 1 bathroom accessory unit with a private entrance, Perfect for Multigenerational living or rental income. The fully fenced backyard allows for family fun and privacy. New Asphalt driveway put in Wednesday November 6, 2024.
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Property Summary
This detached home located at 556 SPRUCEHILL Avenue, Waterloo is currently for sale and has been available on SousaSells for 609 days. This property is listed at $840,000 with an estimated mortgage of $2,796* per month. It has 5 beds, 2 bathrooms, and is 1100-1500 square feet. 556 SPRUCEHILL Avenue, 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
Lake/Pond, Fenced Yard
Interior Features
Water Meter, Accessory Apartment, Water Heater, Water Softener, Central Vacuum
Security Features
Other, 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 556 SPRUCEHILL Avenue, Waterloo, ON N2L 4V7
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 $840,000 in Waterloo, the legal minimum down payment is $59,000 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 $13,275 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 $13,275.
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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.