559 Chesapeake Drive, Waterloo, ON

$799,900
MLS#:X12601812
3 beds
3 baths
2000-2500 sqft
4.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Waterloo. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $799,900 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.

  • 3 Bedrooms and 3 Bathrooms
  • Generous living space spanning 2000-2500 sqft on a premium 40.91 x 40.97 ft lot
  • Features a full, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Auto Garage Door Remote, Built-In Oven, Central Vacuum
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Stunning, custom-built by Cameo Homes, 3 bedroom, 3 bathroom home located across from two of Waterloo's highly rated schools in Prime Eastbridge, best family neighbourhood! Exterior is all stone and brick with a grand entrance and impressive street curb appeal. Upon entering you will be greeted by the 2 storey open foyer with glass panel staircase and a sun-filled contemporary main floor that offers 9' ceilings and a unique open design featuring large Living Rom with gas fireplace, Dining Room, Family Room with vaulted ceiling open to above, and sliders to a large pool-sized backyard with gas line for BBQ. The large maple Kitchen seamlessly blends with the open area and is equipped with Stainless Steel appliances, ample cabinets, pantry, centre island and lots of counter space. It's a great open main floor to entertain family and friends. The upper level features 3 generous sized Bedrooms including large Primary with walk-in closet, 4 piece luxury Ensuite with corner Whirlpool tub and stand-up shower. Recent updates include roof (2018), water heater owned (2020) & sump pump (2025). Internet cabling (CAT-5-E) throughout the house and COAX cabling (6-R-G). Located minutes to RIM Park, Conestoga Mall, Grey Silo Golf course, Grand River trails, soccer fields and quick access to major highways.

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Property Summary

This detached home located at 559 Chesapeake Drive, Waterloo is currently for sale and has been available on SousaSells for 221 days. This property is listed at $799,900 with an estimated mortgage of $2,663* per month. It has 3 beds, 3 bathrooms, and is 2000-2500 square feet. 559 Chesapeake Drive, Waterloo

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
3
Bathrooms
3
Kitchens
1
Living Area
2000-2500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateDecember 19, 2025
Sold price information is available to members only
Listed Date12/4/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick
BasementFull, Unfinished
Lot Size40.91 × 40.97 Feet
CountyWaterloo
Annual Tax$5,995
Legal DescriptionLot 93, Plan 58M-144, S/T ease Lt4 1894 in favor of Union Gas Limited and the Corporation of the City of Waterloo over Part of said Lot being Part 108 on 58R-12346. City of Waterloo

Parking & Garage

Parking Spaces4.0
Garage Spaces2
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Auto Garage Door Remote, Built-In Oven, Central Vacuum, Countertop Range, Floor Drain, Sump Pump, Water Heater Owned, Water Meter

Security Features

Community Features

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Location

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559 Chesapeake Drive, Waterloo, ON

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 559 Chesapeake Drive, Waterloo, ON N2K 4G6

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Waterloo.

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Interest Rate4.00%
Down Payment$239,970 (30.0%)
* Minimum Canadian down payment required for this price is $54,990.
Amortization Period30 Years
Estimated Monthly Payment$2,663Based on a loan of $559,930 over 30 years.
Purchase Price$799,900
Loan Amount$559,930
Provincial Land Transfer Tax:$12,473
Total Estimated Closing Taxes:$12,473

About Purchasing a Home in Waterloo, ON

For a property listed at $799,900 in Waterloo, the legal minimum down payment is $54,990 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 $12,473 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 $12,473.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Waterloo.

Verified Local Data
City Population575,847
City Median Age38 Yrs
City Ownership65% Owners
Avg Area List Price$773,586

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
45%
Couples without children
28%
Other households
3%

Top Ethnic Origins

English18%
German17%
Scottish15%
Irish15%

Local Schools Guide

Elementary Schools

Our Lady of Lourdes
Public55 Roslin Avenue South, Waterloo, Ontario, N2L 6N5
5.0
Elizabeth Ziegler
Public90 Moore Avenue South, Waterloo, Ontario, N2J 1X2
6.3
Winston Churchill
Public100 Milford Avenue, Waterloo, Ontario, N2L 3Z3
5.5
L'Harmonie
Public158 Bridgeport Road East, Waterloo, Ontario, N2J 2K4
6.5
Keatsway
Public323 Keats Way, Waterloo, Ontario, N2L 5V9
4.8

Secondary Schools

St. David
Catholic4 High Street, Waterloo, Ontario, N2L 3X5
8.0
Bluevale
Public80 Bluevale Street North, Waterloo, Ontario, N2J 3R5
7.0

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.