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$1,369,900

$1,399,900For salePrice drop↓ $30,000 (2%)

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516 PREAKNESS Street, Waterloo - Single Family for Sale

516 PREAKNESS Street, Waterloo, Ontario, N2K0C1

4 beds3 baths4 parking2,532 ft²Listed 55 days ago

Overview

This 4-bedroom, 3-bathroom home in Waterloo is for sale offering roughly 2,532 sq ft of space. It has been on the market 55 days, fresher than the Waterloo average of 67 days.

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Description

Welcome to this exceptional custom-built residence in prestigious Woolwich Estates, where timeless design, impeccable craftsmanship and thoughtful details create a truly remarkable home. From the impressive foyer, the main floor unfolds beautifully with a private office, spacious mudroom, and showstopping chef’s kitchen featuring quartz countertops and a walk-in pantry. The inviting living room, anchored by a gas fireplace, opens seamlessly to the covered patio, creating an effortless connection between indoor and outdoor living. Upstairs, four generous bedrooms offer exceptional space for family and guests. The luxurious primary retreat features a spa-inspired ensuite and walk-in closet, while the second and third bedrooms share a convenient Jack-and-Jill ensuite. The breathtaking backyard oasis designed for unforgettable summers and effortless entertaining, this private resort-like retreat features a sparkling pool, hot tub and fabulous covered entertaining space. Whether hosting a crowd, enjoying long summer evenings poolside or simply unwinding at home, this backyard offers an extraordinary lifestyle rarely found. This spectacular home perfectly blends luxury, comfort and exceptional indoor-outdoor living. (id:66096)

Property Details

MLS®: 40860808
Property Type: Single Family
Zoning: R4
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 3
Half Baths: 1
Parking: 4
Interior Size: 2,532 ft²
Frontage: 47 ft
Storeys: 2
Style: Other
Basement: Unfinished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage
Pool: Yes
Ownership

Rooms

Main level

2pc Bathroom
Mud room: 7'2'' x 9'6''
Kitchen/Dining room: 13'7'' x 20'7''
Living room: 15'8'' x 18'2''
Office: 9'10'' x 8'11''

Second level

5pc Bathroom
5pc Bathroom
Bedroom: 13'1'' x 13'3''
Primary Bedroom: 16'0'' x 20'3''
Bedroom: 10'8'' x 10'4''
Bedroom: 14'3'' x 11'11''

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Hot Tub, Central Vacuum, Dishwasher, Stove, Dryer, Microwave, Hood Fan, Window Coverings, Garage door opener
Foundation: Poured Concrete
Exterior: Brick, Vinyl siding
Lot Features: Paved driveway, Automatic Garage Door Opener

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

55d

Waterloo listings, avg age

67d

Price / ft²

$541

List price

$1.37M

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 4-bed single family in Waterloo has been listed for 55 days, which is 12 days fresher than the city average of 67. Act while there is still low competition.

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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 $1,369,900, about 11.4× the local median household income of $120,000.

Carrying it typically needs a household income of about $267,589 (20% down, 25-yr amortization, stress-tested) — roughly 123% above 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)

$1,369,900· $541/ft²

For sale

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Full Cost Breakdown

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Down Payment8.18% · $111,990.00

Min 8.18%50%

Mortgage payment$6,974/mo

↳ CMHC premium ($50,316 capitalized)

Property tax (est.)$733/mo

Total monthly$7,707

Cash Needed to Close

Down payment (8.18%)$111,990

Land transfer tax$23,873

Est. closing costs$6,610

Total cash needed$142,473

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Open house

516 PREAKNESS Street, Waterloo - Single Family for Sale

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N2K)

Book a showing

Full Cost Breakdown