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Property Type: TownhouseOwnership: Freehold
123 OAK PARK Drive
Waterloo, ON N2K0B3
MLS® 40865424
$1,150,000
3 bed4.5 bath3 parking2,866 sqftBuilt 2013
Property Details
Property & Lot
- Sub-type
- Row / Townhouse
- Stories
- 2
- Frontage
- 23 feet
RES-4
Ownership & Fees
- Property type
- Townhouse
- Ownership
- Freehold
- Condo / maintenance fee
- $0/mo
- Annual property tax
- $6,087.1
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 4pc Bathroom | Second level | — |
| 5pc Bathroom | Second level | — |
| Bedroom | Second level | 10'9'' x 11'4'' |
| Bedroom | Second level | 10'6'' x 11'3'' |
| Primary Bedroom | Second level | 13'9'' x 14'6'' |
| Laundry room | Second level | — |
| 2pc Bathroom | Main level | — |
| Bonus Room | Main level | 8'0'' x 8'6'' |
| Kitchen | Main level | 8'3'' x 21'0'' |
| Dining room | Main level | 12'3'' x 13'4'' |
| Great room | Main level | 13'3'' x 16'8'' |
| 4pc Bathroom | Basement | — |
| Recreation room | Basement | 12'6'' x 23'6'' |
Description
This exceptional former model freehold townhome with no rear neighbours offers a luxurious living experience, showcasing high-end finishes throughout and an incredible backyard oasis. Craftsmanship and build quality of this calibre are rarely found! A spacious front entry welcomes you into the home and flows seamlessly into the dining area and beautifully appointed kitchen, creating the perfect space for both everyday living and entertaining. The inviting great room features a charming gas fireplace and overlooks the private backyard retreat, which can be enjoyed from the comfort of the three-season sunroom. The primary suite serves as a private retreat, complete with a spa-inspired ensuite and walk-in closet. Premium finishes throughout include California shutters, granite countertops, porcelain tile, and numerous quality upgrades. Two additional bedrooms share a second full size bathroom. The professionally finished basement extends the living space with a versatile recreation room, full bathroom and wet bar entertainment area (roughed-in for full kitchen). With excellent potential to add a kitchenette or second kitchen, the basement offers added flexibility for multigenerational living, extended family, or enhanced entertaining. Outside, discover a truly picturesque backyard oasis featuring a beautiful stone patio, gazebo, irrigation system, and meticulously maintained gardens bursting with colourful flowers. An ideal setting for relaxing or hosting family and friends. A rare opportunity to own a high-quality, impeccably maintained home in one of the area’s most desirable neighbourhoods. With convenient rear access to Rim Park, the Walter Bean Grand River Trail, Grey Silo Golf Course, the East Waterloo Branch Library, and shopping at Conestoga Mall, this exceptional location offers the perfect blend of recreation and everyday convenience. Don't miss your chance! (id:63159)
Listing Information
- MLS®
- 40865424
- Data last synced
- September 27, 2026
Royal LePage Wolle Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Royal LePage Wolle Realty
MLS® Number: 40865424
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
$401/sqft
Building average
—
No other active listings in this building
118 - Colonial Acres/East Bridge average
$381/sqft
6 active listing(s)
Parking: 3 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: 7.8% ($90,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$920,000.00
Periodic payment — Principal & Interest (monthly)$5,935.53
Additional monthly expenses (condo fees, tax, utilities, etc.)$650.26
Total monthly cost$6,585.79
Interest paid over 5-yr term$263,674.64
Balance at end of term$827,542.98
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$90,000
Stress test qualifying rate8.19%
Payment you must qualify for$8,218.97
Cash Needed at Closing
Minimum down payment$90,000
Estimated Land Transfer Tax (LTT)$19,475
Legal / closing costs (typical estimate)$1,500
Total cash needed$110,975
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.