$588,000

For sale

548 Mariner Drive, Waterloo - Single Family for Sale

548 Mariner Drive, Waterloo, Ontario, N2K3Y8

3 beds3 baths2 parking1,300 ft²28 × 115 ft (3,203 sq ft) lot sizeListed 8 days ago

Overview

This 3-bedroom, 3-bathroom home in Waterloo is for sale offering roughly 1,300 sq ft of space. Listed at $588,000, it is attractively priced about 33% below the $875,000 median asking price in Waterloo. It has been on the market 8 days, fresher than the Waterloo average of 67 days.

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Description

Welcome to this beautifully updated and freshly painted 3-bedroom, 3-bathroom Townhouse, offering a bright, spacious, and functional layout perfect for families, professionals, or investors. This well-maintained home is backing directly onto a park, providing a peaceful setting with added privacy and green space right outside your door. Located in a highly desirable, family-friendly neighbourhood and within the boundary of Lester B. Pearson Public School, this home offers excellent access to schools, parks, shopping, restaurants, public transit, and everyday amenities. Conveniently located close to University of Waterloo, Wilfrid Laurier University, and Conestoga College, making it an excellent choice for families, university professionals, students, or investors. Enjoy the perfect combination of a quiet residential setting while still being minutes from Waterloo's major educational institutions and amenities. Move-in ready, freshly updated, backing onto green space, and ideally located - a wonderful opportunity to call Waterloo home! (id:66096)

Property Details

MLS®: X14122420
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 3
Half Baths: 1
Parking: 2
Interior Size: 1,300 ft²
Lot Size: 28 × 115 ft (3,203 sq ft)
Frontage: 27 ft
Storeys: 2
Basement: Finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold
Property Tax: $4,124.91/yr

Rooms

Main level

Living room: 6.09 x 3.5 meters
Dining room: 1.52 x 2.13 meters
Kitchen: 2.43 x 2.59 meters

Second level

Primary Bedroom: 4.72 x 4.11 meters
Bedroom 2: 2.74 x 3.2 meters
Bedroom 3: 2.59 x 3.2 meters

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

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Hood Fan, Window Coverings, Water Heater
Flooring: Laminate
Foundation: Concrete
Exterior: Brick, Aluminum siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Waterloo listings, avg age

67d

Price / ft²

$452

List price

$588K

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 3-bed single family in Waterloo has been listed for 8 days, which is 59 days fresher than the city average of 67. Act while there is still low competition.

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Listed by RE/MAX EXCEL REALTY LTD. · EVAN TONG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2K)

This home lists at $588,000, about 4.9× the local median household income of $120,000.

Carrying it typically needs a household income of about $114,857 (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)

$588,000· $452/ft²

For sale

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Full Cost Breakdown

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Down Payment5.75% · $33,800.00

Min 5.75%50%

Mortgage payment$3,073/mo

↳ CMHC premium ($22,168 capitalized)

Property tax (est.)$344/mo

Total monthly$3,416

Cash Needed to Close

Down payment (5.75%)$33,800

Land transfer tax$8,235

Est. closing costs$4,264

Total cash needed$46,299

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