$875,000

For sale

697 Rhine Fall Drive, Waterloo - Single Family for Sale

697 Rhine Fall Drive, Waterloo, Ontario, N2V2V5

4 beds2 baths4 parking2,750 ft²35 × 137 ft (4,747 sq ft) lot sizeListed 19 days ago

Overview

This 4-bedroom, 2-bathroom home in Waterloo is for sale offering roughly 2,750 sq ft of space. Its $875,000 asking price sits right in line with the $875,000 median in Waterloo. It has been on the market 19 days, fresher than the Waterloo average of 67 days.

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Description

Welcome to 697 Rhine Fall Drive, a charming two-storey home in the sought-after Clair Hills neighbourhood. Featuring 2,509 sq. ft. of above-grade finished living space, this home offers 4 bedrooms and 4 bathrooms. The bright, open-concept eat-in kitchen features stainless-steel appliances and opens to the adjoining family room, while separate living and dining rooms provide additional space for entertaining. The spacious principal bedroom offers a customized closet, an ensuite with double sinks, and peaceful views of the woods. The professionally finished basement features a large recreation room, custom bar/kitchenette with a full-size refrigerator, gas fireplace, and a 3-piece bathroom with heated floors and a full Mirolin shower unit. Updates include a new roof in 2020, a furnace and air conditioning system updated in 2025, and 200-amp electrical service.Enjoy outdoor living on the deck overlooking a private backyard backing onto a tranquil forest and trail system. The deck features a shaded gazebo and gas line for BBQs, perfect for entertaining family and friends. A custom laundry/mudroom with ample storage and a premium washer and dryer adds everyday convenience. Ideally located near Vista Hills Public School, SJAM, and the University of Waterloo, with easy access to Costco and the shopping, dining, and medical services at The Boardwalk. Enjoy comfortable family living in a peaceful setting close to everyday amenities. Appliances and fireplaces are included in their current as-is condition. (id:66096)

Property Details

MLS®: X14085350
Property Type: Single Family
Zoning: R2
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 4
Interior Size: 2,750 ft²
Lot Size: 35 × 137 ft (4,747 sq ft)
Frontage: 35 ft
Storeys: 2
Basement: Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold
Property Tax

Rooms

Main level

Foyer: 2.69 x 2.69 meters
Bathroom: 2.13 x 0.91 meters
Living room: 6.76 x 5.51 meters
Family room: 4.39 x 5.03 meters
Kitchen: 3.61 x 4.17 meters
Laundry room: 4.09 x 1.91 meters
Eating area: 3.28 x 3.05 meters

Second level

Bedroom: 3.48 x 3.45 meters
Bedroom: 4.34 x 3.81 meters
Bedroom: 3.66 x 4.5 meters

Features

Appliances: Washer, Refrigerator, Water softener, Dishwasher, Stove, Dryer, Garage door opener remote(s), Water Heater
Foundation: Poured Concrete
Exterior: Brick, Stone
Lot Features: Sump Pump

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

19d

Waterloo listings, avg age

67d

Price / ft²

$318

List price

$875K

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 19 days, which is 48 days fresher than the city average of 67. Act while there is still low competition.

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Listed by EXP REALTY · Jerry Van Leeuwen

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2V)

This home lists at $875,000, about 6.9× the local median household income of $126,000.

Carrying it typically needs a household income of about $170,918 (20% down, 25-yr amortization, stress-tested) — roughly 36% above the area median.

Median household income: $126,000
Population: 19,428
Median age: 38
Owner / renter: 86% / 14%
Avg. household size: 3.1

Source: Statistics Canada, 2021 Census (FSA N2V)

$875,000· $318/ft²

For sale

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Full Cost Breakdown

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Down Payment7.14% · $62,500

Min 7.14%50%

Mortgage payment$4,505/mo

↳ CMHC premium ($32,500 capitalized)

Property tax (est.)$727/mo

Total monthly$5,231

Cash Needed to Close

Down payment (7.14%)$62,500

Land transfer tax$13,975

Est. closing costs$5,125

Total cash needed$81,600

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice