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Property Type: Detached HouseOwnership: Freehold
229 WINFIELD Avenue
Waterloo, ON N2J3M8
MLS® 40859251
$649,900
2 bed2 bath4 parking2,566 sqftBuilt 1963
Property Details
Property & Lot
- Sub-type
- House
- Style
- Bungalow
- Stories
- 1
- Frontage
- 68 feet
SR2
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $5,456.91
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bonus Room | Basement | 7'6'' x 13'1'' |
| Laundry room | Basement | 9'10'' x 12'10'' |
| Family room | Basement | 13'2'' x 13'6'' |
| Recreation room | Basement | 13'2'' x 21'3'' |
| Other | Basement | 8'9'' x 10'2'' |
| 3pc Bathroom | Basement | — |
| Family room | Main level | 11'4'' x 28'9'' |
| Kitchen | Main level | 9'11'' x 13'7'' |
| Living room | Main level | 13'5'' x 19'4'' |
| Dining room | Main level | 9'4'' x 13'8'' |
| Bedroom | Main level | 9'11'' x 13'0'' |
| Primary Bedroom | Main level | 9'3'' x 17'11'' |
| 3pc Bathroom | Main level | — |
Description
This detached bungalow in the desirable Lincoln Heights area of Waterloo offers an excellent opportunity for buyers looking to add their own finishing touches. Situated on a large lot with an inground pool, the spacious home features a bright, sunlit layout with plenty of potential. The main floor could easily be converted to accommodate a third bedroom, while the basement offers a separate entrance, rough-in for a second kitchen, and the potential for additional living space or a duplex, subject to the necessary approvals. The home also features a wood-burning fireplace on the main level and a gas fireplace in the basement. Being sold “as is,” this property is ideal for buyers with a creative vision who are ready to renovate and transform it into an amazing home. The potential is definitely there! (id:63161)
Listing Information
- MLS®
- 40859251
- Data last synced
- October 26, 2026
Mcintyre Real Estate Services Inc.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Mcintyre Real Estate Services Inc.
MLS® Number: 40859251
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
$253/sqft
Building average
—
No other active listings in this building
116 - Glenridge/Lincoln Heights average
$412/sqft
16 active listing(s)
Parking: 4 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: 6.2% ($39,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$519,920.00
Periodic payment — Principal & Interest (monthly)$3,354.35
Additional monthly expenses (condo fees, tax, utilities, etc.)$582.74
Total monthly cost$3,937.09
Interest paid over 5-yr term$149,010.57
Balance at end of term$467,669.72
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$39,990
Stress test qualifying rate8.19%
Payment you must qualify for$4,729.08
Cash Needed at Closing
Minimum down payment$39,990
Estimated Land Transfer Tax (LTT)$9,473
Legal / closing costs (typical estimate)$1,500
Total cash needed$50,963
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.
