Loading…
Property Type: Detached HouseOwnership: Freehold
4 SUMMIT Drive
Waterdown, ON L8B0E4
MLS® 40866414
44
Walk Score
24
Transit
54
Bike
$1,599,900
5 bed3 bath8 parking1,822 sqftBuilt 2004
44
Walk Score
24
Transit
54
Bike
Open House
Sunday, November 1
2:00 PM – 4:00 PM
Property Details
Property & Lot
- Sub-type
- House
- Style
- Bungalow
- Stories
- 1.5
- Frontage
- 60 feet
R1-14
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $9,480
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 4pc Bathroom | Basement | — |
| Family room | Basement | 17'9'' x 21'6'' |
| Recreation room | Basement | 19'6'' x 27'3'' |
| Bedroom | Basement | 9'9'' x 12'10'' |
| Bedroom | Basement | 9'9'' x 12'9'' |
| Bedroom | Second level | 14'3'' x 20'0'' |
| Bedroom | Main level | 12'6'' x 13'10'' |
| Primary Bedroom | Main level | 16'5'' x 17'3'' |
| 5pc Bathroom | Main level | — |
| Sunroom | Main level | 14'8'' x 15'2'' |
| Laundry room | Main level | — |
| 3pc Bathroom | Main level | — |
| Kitchen | Main level | 11'9'' x 22'6'' |
| Living room |
Description
Welcome to 4 Summit Drive, a beautifully designed 1,822 square foot bungaloft situated on a generous 60.11' x 153.27' lot in the desirable community of Waterdown. Offering an exceptional blend of style, comfort, space and versatility, this home features two spacious main-level bedrooms, hardwood floors, a large kitchen with an abundance of cabinetry and generous granite counter space and an inviting great room with gas fireplace and pot lights. The bright sunroom, complete with its own fireplace, overlooks the serene, spacious backyard and offers a peaceful retreat with access to the concrete patio and walkway. The upper-level loft features skylights and provides endless possibilities as an additional bedroom, family room, home office, playroom or private retreat. The fully finished basement expands the living space with wide-plank hardwood flooring, two additional bedrooms, a recreation room with wet bar, family/media room with gas fireplace, three-piece bathroom, pot lights, generous storage and a walk-in closet. An oversized double-car heated garage with high ceilings provides ample room for vehicles, storage and additional workspace. Ideally situated in Waterdown, this home offers the best of community living with convenient access to parks, trails, shopping, restaurants, recreation and everyday amenities, while major highways and Aldershot GO provide excellent connectivity to Burlington, Hamilton and the greater GTA. Set on an exceptional lot with plenty of outdoor space, this versatile home offers a rare combination of generous proportions, multiple living areas, thoughtful features and a peaceful setting—an ideal opportunity to enjoy comfortable living in a welcoming and well-connected community. Don’t be TOO LATE*! *REG TM. RSA. (id:63161)
Listing Information
- MLS®
- 40866414
- Data last synced
- October 30, 2026
RE/MAX Escarpment Realty Inc.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX Escarpment Realty Inc.
MLS® Number: 40866414
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
$878/sqft
Building average
—
No other active listings in this building
461 - Waterdown East average
$473/sqft
20 active listing(s)
Parking: 8 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: Halton Hills
15°C
Mainly Clear
Humidity 88%
Wind WNW 14 km/h
Tonight
7°
Friday
14°
Friday night
1°
Saturday
14°
Saturday night
4°
Sunday
16°
Source: Environment and Climate Change Canada.
Nearby Schools
| School |
|---|
Similar Listings Nearby
Similar active properties nearby based on property type, price, and size.
Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($319,980) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$1,279,920.00
Periodic payment — Principal & Interest (monthly)$8,257.61
Additional monthly expenses (condo fees, tax, utilities, etc.)$881.00
Total monthly cost$9,138.61
Interest paid over 5-yr term$366,828.75
Balance at end of term$1,151,292.18
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$319,980
Stress test qualifying rate8.19%
Payment you must qualify for$9,924.17
Cash Needed at Closing
Minimum down payment$319,980
Estimated Land Transfer Tax (LTT)$28,473
Legal / closing costs (typical estimate)$1,500
Total cash needed$349,953
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.