$649,900

$693,000For salePrice drop↓ $43,100 (6%)

229 WINFIELD Avenue, Waterloo - Single Family for Sale

229 WINFIELD Avenue, Waterloo, Ontario, N2J3M8

2 beds2 baths4 parking2,566 ft²Listed 68 days ago

Overview

This 2-bedroom, 2-bathroom home in Waterloo is for sale offering roughly 2,566 sq ft of space. Listed at $649,900, it is attractively priced about 26% below the $875,000 median asking price in Waterloo.

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Description

This detached bungalow in the desirable Lincoln Heights area of Waterloo offers an excellent opportunity for buyers looking to add their own finishing touches. Situated on a large lot with an inground pool, the spacious home features a bright, sunlit layout with plenty of potential. The main floor could easily be converted to accommodate a third bedroom, while the basement offers a separate entrance, rough-in for a second kitchen, and the potential for additional living space or a duplex, subject to the necessary approvals. The home also features a wood-burning fireplace on the main level and a gas fireplace in the basement. Being sold “as is,” this property is ideal for buyers with a creative vision who are ready to renovate and transform it into an amazing home. The potential is definitely there! (id:66096)

Property Details

MLS®: 40859251
Property Type: Single Family
Zoning: SR2
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 4
Interior Size: 2,566 ft²
Frontage: 68 ft
Year Built: 1963
Storeys: 1
Style: Bungalow
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Fireplace: Yes
Pool: Yes
Ownership

Rooms

Basement

Bonus Room: 7'6'' x 13'1''
Laundry room: 9'10'' x 12'10''
Family room: 13'2'' x 13'6''
Recreation room: 13'2'' x 21'3''
Other: 8'9'' x 10'2''
3pc Bathroom

Main level

Family room: 11'4'' x 28'9''
Kitchen: 9'11'' x 13'7''
Living room: 13'5'' x 19'4''
Dining room: 9'4'' x 13'8''
Bedroom

Features

Appliances: Water softener
Foundation: Poured Concrete
Exterior: Brick Veneer

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

68d

Waterloo listings, avg age

67d

Price / ft²

$253

List price

$650K

Homes here sell faster than most markets

Sold homes in this market spent an average of 35 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 98.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This 2-bed single family in Waterloo is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by Mcintyre Real Estate Services Inc. · BRAD ENNS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2J)

This home lists at $649,900, about 8.7× the local median household income of $74,500.

Carrying it typically needs a household income of about $126,948 (20% down, 25-yr amortization, stress-tested) — roughly 70% above the area median.

Median household income: $74,500
Population: 20,899
Median age: 36.8
Owner / renter: 53% / 47%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA N2J)

$649,900· $253/ft²

For sale

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Full Cost Breakdown

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Down Payment6.15% · $39,990

Min 6.15%50%

Mortgage payment$3,381/mo

↳ CMHC premium ($24,396 capitalized)

Property tax (est.)$455/mo

Total monthly$3,836

Cash Needed to Close

Down payment (6.15%)$39,990

Land transfer tax$9,473

Est. closing costs$4,450

Total cash needed$53,913

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