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Property Type: Detached HouseOwnership: FreeholdNEW LISTING
40 WATER Street
St. Jacobs, ON N0B2N0
MLS® 40873562
66
Walk Score
62
Bike
$795,000
3 bed3.5 bath5 parking2,128 sqftBuilt 1975
66
Walk Score
62
Bike
Property Details
Property & Lot
- Sub-type
- House
- Style
- Cape Cod
- Stories
- 2
- Frontage
- 66 feet
R2
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $4,611
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Wine Cellar | Basement | 7'7'' x 10'6'' |
| Utility room | Basement | 5'1'' x 14'7'' |
| Storage | Basement | 5'1'' x 3'0'' |
| Storage | Basement | 4'4'' x 2'0'' |
| Recreation room | Basement | 14'9'' x 24'4'' |
| Laundry room | Basement | 13'2'' x 6'4'' |
| 3pc Bathroom | Basement | 8'2'' x 6'7'' |
| Primary Bedroom | Second level | 13'8'' x 1'0'' |
| Bedroom | Second level | 11'10'' x 15'5'' |
| 4pc Bathroom | Second level | 11'0'' x 4'11'' |
| Living room | Main level | 11'10'' x 15'5'' |
| Kitchen | Main level | 10'4'' x 9'5'' |
| Dining room | Main level | 11'10'' x 9'4'' |
Description
St. Jacobs is famous for its bustling Farmers’ Market, but when the holidays arrive, the Village takes on a magic of its own. The beloved St. Jacobs Sparkles holiday shopping event transforms its historic streets into a winter wonderland of twinkling lights, live carollers, and horse-drawn wagon rides. Year-round, the Village is a destination for its charming boutiques, restaurants, and local favourites like Stone Crock, Block Three Brewing, The Weathered Gate, and La Crème. Rich in history and character, St. Jacobs is also the birthplace of Home Hardware. Now imagine having all that small-town charm, culture, and excitement at your fingertips, while enjoying the peace and beauty of scenic walking trails along the Conestogo River, just steps from your front door. This Cape Cod–style home sits on a fully fenced 66 by 132 foot private lot with Perennial gardens beautifully framing the property. The main floor has a beautiful layout with a spacious living room, a dining room, an eat-in kitchen, a powder room and a main floor bedroom. Garden doors in the kitchen open straight onto the backyard, but the best features are the granite countertops and the coffee bar Upstairs there are two more bedrooms and a trendy fully renovated bathroom with a deep tub. In the basement, the large rec room has a gorgeous fireplace, along with a three-piece bathroom and a laundry room. Enjoy upgrades like a huge shed, gutter guards, a steel roof installed by High-Grade Roofing, upgraded attic insulation and updated vinyl windows throughout. Enjoy the charm of village living, with shops, restaurants, a library and a community center just steps away. Stroll along the River and get to know some of the friendliest neighbours you'll ever meet in one of the most coveted areas of Ontario. (id:63161)
Listing Information
- MLS®
- 40873562
- Data last synced
- October 25, 2026
RE/MAX SOLID GOLD REALTY (II) LTD.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX SOLID GOLD REALTY (II) LTD.
MLS® Number: 40873562
Listing data is sourced from CREA DDF®, the Canadian Real Estate Association (CREA) Data Distribution Facility. Listing information is deemed reliable but is not guaranteed accurate by CREA or the listing brokerage. Data provided courtesy of Cornerstone Association of REALTORS®.
Values & Trends
This listing
$374/sqft
Building average
—
No other active listings in this building
553 - St Jacobs/Floradale/W.Montrose average
$483/sqft
8 active listing(s)
Parking: 5 stall(s) includedStorage locker: Not indicated
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
Nearest station: Guelph
5°C
—
Humidity 95%
Wind NNE calm km/h
Tonight
6°
Thursday
19°
Thursday night
6°
Friday
12°
Friday night
-2°
Saturday
14°
Source: Environment and Climate Change Canada.
Nearby Places
Restaurants (3)
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Mortgage & Ownership Cost Calculator
Minimum required: 6.9% ($54,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$636,000.00
Periodic payment — Principal & Interest (monthly)$4,103.26
Additional monthly expenses (condo fees, tax, utilities, etc.)$490.25
Total monthly cost$4,593.51
Interest paid over 5-yr term$182,279.43
Balance at end of term$572,084.06
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$54,500
Stress test qualifying rate8.19%
Payment you must qualify for$5,741.65
Cash Needed at Closing
Minimum down payment$54,500
Estimated Land Transfer Tax (LTT)$12,375
Legal / closing costs (typical estimate)$1,500
Total cash needed$68,375
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Land Transfer Tax is the Ontario provincial schedule, before any first-time buyer refund; only the City of Toronto charges a municipal land transfer tax on top, so none applies in the areas this site covers (Ontario Ministry of Finance, ontario.ca/document/land-transfer-tax, as of October 28, 2026). Verify all figures with a mortgage broker and lawyer before relying on them.
