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Property Type: Detached HouseOwnership: LeaseholdNEW LISTING
111 CLARENE Avenue
Waterloo, ON N2J4G8
MLS® 40873868
12
Walk Score
32
Bike
$475,000
2 bed1 bath2 parking1,263 sqft
12
Walk Score
32
Bike
Property Details
Property & Lot
- Sub-type
- House
- Style
- Bungalow
- Stories
- 1
- Frontage
- 0 feet
R1
Ownership & Fees
- Property type
- Detached House
- Ownership
- Leasehold
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
- Fireplace
- Yes (1)
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 4pc Bathroom | Main level | — |
| Other | Lower level | 52'4'' x 24'1'' |
| Foyer | Main level | 4'8'' x 9'9'' |
| Laundry room | Main level | 6'0'' x 6'0'' |
| Bedroom | Main level | 8'10'' x 12'0'' |
| Primary Bedroom | Main level | 24'3'' x 12'1'' |
| Living room | Main level | 20'0'' x 12'11'' |
| Dining room | Main level | 11'11'' x 12'2'' |
| Kitchen | Main level | 15'10'' x 12'2'' |
Description
Welcome to 111 Clarene Ave, nestled in Waterloo’s established, 55-year-old Martin Grove community! This spacious 1,274 sq. ft. bungalow offers comfortable living, a functional open-concept design, and a wonderful place to call home. The main floor features two generously sized bedrooms and 1 (4pcs) bathroom, making this home ideal for couples, downsizers, or anyone seeking the convenience of one-level living. The welcoming open-concept layout is perfect for everyday living and entertaining. A garage with a small workshop area provides extra space for hobbies, projects, and storage. Numerous updates over the years reflect the care and attention this home has received. In 2018, a new furnace was installed, the water heater and air exchanger were serviced, and a new garage door and opener were added. In 2020, all window blinds were replaced, along with an updated bathroom sink and taps. A new sump pump followed in 2021, and the roof was replaced in 2022 with durable 30-year shingles. Further improvements include new kitchen countertops, sink, and taps in 2023, plus a new garage floor mat. In 2024, new kitchen lighting with a ceiling fan and a new dining room light added fresh touches. A new dryer and microwave were added in 2025 for everyday convenience. Step outside to discover the spacious deck, complete with a retractable sun awning and a covered dedicated barbecue area. It's the perfect setting for summer gatherings, family celebrations, weekend barbecues, or relaxing evenings with friends. Enjoy outdoor living in comfort, rain or shine! For added peace of mind, this home has recently undergone a professional home inspection and passed with flying colours! Combining a practical layout, numerous updates, fantastic outdoor living, and a sought-after Waterloo neighbourhood, 111 Clarene Ave is a wonderful opportunity to enjoy a comfortable lifestyle. Come discover the charm, convenience, and possibilities this welcoming bungalow has to offer! (id:63161)
Listing Information
- MLS®
- 40873868
- Data last synced
- October 26, 2026
Re/Max Icon Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Re/Max Icon Realty
MLS® Number: 40873868
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
$376/sqft
Building average
—
No other active listings in this building
553 - St Jacobs/Floradale/W.Montrose average
$482/sqft
8 active listing(s)
Parking: 2 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.
Population
126,356
(2021 Census)
+15.5% since 2016
Density:
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($23,750) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$380,000.00
Periodic payment — Principal & Interest (monthly)$2,451.63
Additional monthly expenses (condo fees, tax, utilities, etc.)$63.00
Total monthly cost$2,514.63
Interest paid over 5-yr term$108,909.09
Balance at end of term$341,811.23
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$23,750
Stress test qualifying rate8.19%
Payment you must qualify for$3,498.88
Cash Needed at Closing
Minimum down payment$23,750
Estimated Land Transfer Tax (LTT)$5,975
Legal / closing costs (typical estimate)$1,500
Total cash needed$31,225
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.
