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Property Type: Detached HouseOwnership: Freehold
159 MEAFORD DRIVE
Waterloo, ON N2J3V2
MLS® X13882764
$820,000
4 bed2 bath5 parking
Amenities
Also listed: Fireplace(s)
Property Details
Property & Lot
- Sub-type
- House
- Style
- Raised bungalow
- Stories
- 1
- Lot size
- 65.1 x 115.3 FT ; 82.22 ft x 115.26 ft x 65.11 ft x89.86ft
- Frontage
- 65.1 feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $4,869.69 (2025)
Interior
- Basement
- Separate entrance, Walk out, N/A, N/A
- Heating
- Forced air, Natural gas
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | — |
| Primary Bedroom | Main level | — |
| Bedroom 2 | Main level | — |
| Bedroom 3 | Main level | — |
| Dining room | Main level | — |
| Kitchen | Main level | — |
| Recreational, Games room | Lower level | — |
| Kitchen | Lower level | — |
| Bedroom | Lower level | — |
| Laundry room | Lower level | — |
Description
Privacy, charm and income potential: this home has it all. Set on a private corner lot surrounded by mature trees, this updated raised bungalow offers 2 kitchens, 2 private gardens, a separate entrance, 5 parking spaces, and a supermarket just a 2-minute walk away. Elegant French doors welcome you in, and hardwood floors, large windows and a functional layout fill every corner with natural light. The main floor has 3 large bedrooms and a 5-piece bath with a double vanity, separate soaker tub and standing shower. The modern kitchen with stainless steel appliances opens into the dining room and out through a sliding door to a raised deck. Below, the private garden unfolds like a hidden courtyard, with manicured lawns and mature trees, the perfect setting to host gatherings your guests will be sure to remember. Downstairs, a separate entrance through the garage means the lower level never has to share a front door with the house above. With a second kitchen, a big bedroom, a large rec room, a 3-piece bath and a cleverly placed laundry room both floors can reach, it's ready for extended family or rental income. The second private garden, complete with a large shed and greenhouse, can be set aside entirely for the lower level, giving its occupants outdoor space of their own. And the location: Zehrs is steps away, Uptown Waterloo and the Public Square are minutes away, and Highway 85, the University of Waterloo and Wilfrid Laurier are all a short hop. Come see it for yourself! (id:63161)
Listing Information
- MLS®
- X13882764
- Tax assessment year
- 2025
- Data last synced
- October 28, 2026
RIGHT AT HOME REALTY
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RIGHT AT HOME REALTY
MLS® Number: X13882764
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 Toronto Regional Real Estate Board.
Values & Trends
This listing
—
Building average
—
No other active listings in this building
Waterloo average
$436/sqft
188 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.
Population
126,356
(2021 Census)
+15.5% since 2016
Density:
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Mortgage & Ownership Cost Calculator
Minimum required: 7.0% ($57,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$656,000.00
Periodic payment — Principal & Interest (monthly)$4,232.29
Additional monthly expenses (condo fees, tax, utilities, etc.)$405.81
Total monthly cost$4,638.10
Interest paid over 5-yr term$188,011.49
Balance at end of term$590,074.12
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$57,000
Stress test qualifying rate8.19%
Payment you must qualify for$5,916.10
Cash Needed at Closing
Minimum down payment$57,000
Estimated Land Transfer Tax (LTT)$12,875
Legal / closing costs (typical estimate)$1,500
Total cash needed$71,375
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.
