Build Your Dream Home in One of Waterloo’s Most Desirable Neighbourhoods! Located in the sought-after Lexington area, just steps from Old Kiwanis Park, this spacious vacant corner lot offers a rare opportunity to create a home that is truly your own. Set within a mature, established and family-friendly neighbourhood, this property offers the perfect combination of location, space and convenience. Municipal water and sewer are available from Woolwich Street, with hydro and gas conveniently located at the lot line, helping make the building process that much easier. Imagine designing a custom home perfectly suited to your lifestyle, surrounded by mature neighbourhoods, beautiful parks and trails, excellent schools and everyday amenities. With shopping, major roadways and everything Waterloo has to offer just minutes away, this is an opportunity to build in a location where properties like this rarely become available. Adding to the appeal, Ontario’s enhanced New Housing Rebate (NHR) program for eligible owner-built homes may allow qualifying purchasers to recover up to $80,000 of the provincial portion of HST paid on the construction of a new home or substantial renovation. For qualifying owner-built homes, the enhanced rebate generally applies where construction begins on or after April 1, 2026 and on or before March 31, 2027, with substantial completion on or before December 31, 2029. Buyers are encouraged to independently verify eligibility requirements and program details. (id:66096)
Property Details
MLS®
40860695
Property Type
Vacant Land
Zoning
R3
Frontage
64 ft
Basement
None
Ownership
Freehold
Property Tax
$1/yr
Listed
49 days ago
Services
Water
Municipal water
Sewer
Municipal sewage system
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
49d
Waterloo listings, avg age
67d
List price
$589K
Long Listed: 49 days on market, against an average age of 67 days across the listings currently for sale in this city
Market timing · days on market0 → 67d avg age of current listings
Long Listed · day 49
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 vacant land in Waterloo has been listed for 49 days, which is 18 days fresher than the city average of 67. Act while there is still low competition.
Listed by Chestnut Park Realty Southwestern Ontario Limited · LEE QUAILE
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (N2K)
This home lists at $589,000, about 4.9× the local median household income of $120,000.
Carrying it typically needs a household income of about $115,052 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Median household income
$120,000
Population
29,381
Median age
40.4
Owner / renter
82% / 18%
Avg. household size
2.8
Source: Statistics Canada, 2021 Census (FSA N2K)
$589,000
For sale
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Financing
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