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Property Type: Detached HouseOwnership: Freehold
81 THOMSON Drive
Waterdown, ON L8B0G5
MLS® 40861872
54
Walk Score
23
Transit
18
Bike
$1,229,900
5 bed2 bath10 parking2,636 sqftBuilt 1965
54
Walk Score
23
Transit
18
Bike
Property Details
Property & Lot
- Sub-type
- House
- Style
- Bungalow
- Stories
- 1
- Frontage
- 85 feet
R1
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $7,642
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bonus Room | Basement | 13'0'' x 15'0'' |
| Bedroom | Lower level | 11'11'' x 15'9'' |
| Recreation room | Lower level | 23'7'' x 13'10'' |
| Bedroom | Lower level | 11'4'' x 10'10'' |
| Kitchen | Lower level | 11'10'' x 10'6'' |
| 4pc Bathroom | Lower level | — |
| 4pc Bathroom | Main level | — |
| Bedroom | Main level | 11'4'' x 10'1'' |
| Bedroom | Main level | 11'11'' x 10'6'' |
| Primary Bedroom | Main level | 11'11'' x 13'5'' |
| Living room | Main level | 14'3'' x 13'0'' |
| Breakfast | Main level | 10'10'' x 10'5'' |
| Kitchen | Main level | 12'9'' x 10'6'' |
Description
Rarely does a home like this come to market. Tucked into the mature, tree-lined south end of Waterdown on an oversized lot, this bungalow offers something increasingly hard to find: a beautifully updated main residence and a bright, fully self-contained in-law suite with its own private on-grade entrance—no dark basement stairwell, just easy, ground-level access into a space that lives like its own home. Inside, the main level welcomes you with a light-filled living room where cathedral ceilings and oversized windows let the sunshine pour in, all warmed by a cozy gas fireplace. At the heart of the home, the fully renovated kitchen is a genuine showstopper: navy shaker cabinetry, stainless steel appliances and quartz countertops come together with clever built-in storage and no shortage of drawer space, making it as functional as it is beautiful. A bonus office/den just off the kitchen offers the flexible space today's buyers are looking for. Down the hall, three tastefully updated bedrooms await—two with private balconies, perfect for a quiet morning coffee—alongside a stylishly refreshed full bathroom with dual vanity. Downstairs is where this property truly sets itself apart. This exceptionally bright suite includes two bedrooms, a full bathroom, a crisp white kitchen, a generous family room with its own gas fireplace, a den/office and dedicated laundry—ideal for extended family, guests, or income potential. Step outside and the possibilities keep coming: a detached garage/shop, a second single garage, two driveways, and a sprawling yard offering endless room for kids to play and memories to be made. With just two owners in over 61 years, this is a rare chance to put down roots in one of Waterdown's most established neighbourhoods. Don’t be TOO LATE *! *REG TM. RSA (id:63161)
Listing Information
- MLS®
- 40861872
- 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: 40861872
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
$467/sqft
Building average
—
No other active listings in this building
460 - Waterdown West average
$523/sqft
17 active listing(s)
Parking: 10 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 |
|---|
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Mortgage & Ownership Cost Calculator
Minimum required: 8.0% ($97,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$983,920.00
Periodic payment — Principal & Interest (monthly)$6,347.92
Additional monthly expenses (condo fees, tax, utilities, etc.)$768.83
Total monthly cost$7,116.75
Interest paid over 5-yr term$281,994.30
Balance at end of term$885,039.22
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$97,990
Stress test qualifying rate8.19%
Payment you must qualify for$8,776.54
Cash Needed at Closing
Minimum down payment$97,990
Estimated Land Transfer Tax (LTT)$21,073
Legal / closing costs (typical estimate)$1,500
Total cash needed$120,563
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.
