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Property Type: Detached HouseOwnership: Freehold
245 FERN Crescent
Waterloo, ON N2V2P9
MLS® 40871349
$879,900
4 bed3 bath4 parking1,875 sqftBuilt 2001
Property Details
Property & Lot
- Sub-type
- House
- Style
- Other
- Stories
- 2
- Frontage
- 44 feet
SR1
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Condo / maintenance fee
- $0/mo
- Annual property tax
- $5,387.16
Interior
- Basement
- Unfinished, Full
- Heating
- Forced air, Natural gas
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Lower level | 10'1'' x 10'8'' |
| 3pc Bathroom | Lower level | 6'0'' x 6'11'' |
| Family room | Lower level | 20'2'' x 26'7'' |
| 3pc Ensuite bath | Second level | 4'11'' x 8'9'' |
| 3pc Bathroom | Second level | 4'11'' x 7'4'' |
| Bedroom | Second level | 9'9'' x 10'10'' |
| Bedroom | Second level | 10'1'' x 11'3'' |
| Primary Bedroom | Second level | 11'0'' x 15'3'' |
| Kitchen | Main level | 16'0'' x 18'1'' |
| Dining room | Main level | 7'9'' x 10'11'' |
| Living room | Main level | 10'11'' x 12'10'' |
Description
Nestled on a tranquil crescent in Waterloo’s sought-after Lakeshore North neighbourhood, this 2001 custom-built 1875 sq ft backsplit offers exceptional curb appeal, thoughtful updates, and a wonderful family-friendly layout. This home welcomes you with a stamped concrete driveway, double-car garage. The main level features an inviting open-concept living and dining area with new hardwood flooring, elevated ceilings, and an abundance of natural light. The chef-inspired kitchen overlooks the family room and impresses with soaring cathedral ceilings, an abundance of freshly painted cabinetry, a new centre island, updated sink and cabinetry, and convenient access to the side deck perfect for summer barbecues and outdoor entertaining. The lower level offers a warm and comfortable family room centred around a beautiful gas fireplace, along with a fourth bedroom, three-piece bathroom, and flexible workstation/media area. Double doors open directly to a stamped concrete patio and a mature, fully fenced backyard surrounded by established trees, creating a private and peaceful outdoor retreat. Upstairs, you’ll find three generously sized bedrooms, including a spacious primary suite with a completely updated ensuite bathroom (2023). The main bathroom has also been refreshed with a newer vanity and updated lighting. An unfinished basement provides excellent potential for future development, additional living space, or ample storage. Recent updates include a newer furnace, water heater, and water softener and freshly painted throughout and upgrade insulation. Ideally located with easy access to excellent schools, both Waterloo universities, the Waterloo Farmers’ Market, shopping, amenities, and the expressway, this beautifully maintained home offers the perfect blend of comfort, functionality, and location (id:63161)
Listing Information
- MLS®
- 40871349
- Data last synced
- October 25, 2026
Royal LePage Wolle Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Royal LePage Wolle Realty
MLS® Number: 40871349
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
$469/sqft
Building average
—
No other active listings in this building
442 - Lakeshore North average
$418/sqft
2 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: 7.2% ($62,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$703,920.00
Periodic payment — Principal & Interest (monthly)$4,541.45
Additional monthly expenses (condo fees, tax, utilities, etc.)$542.93
Total monthly cost$5,084.38
Interest paid over 5-yr term$201,745.50
Balance at end of term$633,178.32
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$62,990
Stress test qualifying rate8.19%
Payment you must qualify for$6,334.11
Cash Needed at Closing
Minimum down payment$62,990
Estimated Land Transfer Tax (LTT)$14,073
Legal / closing costs (typical estimate)$1,500
Total cash needed$78,563
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.
