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Property Type: Condo / ApartmentOwnership: Condominium
247 GREY SILO Road Unit# 102
Waterloo, ON N2K0G7
MLS® 40860024
$565,000
2 bed2 bath2 parking1,100 sqftBuilt 2020
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 1
MR-4/MD3
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $625/mo
- Annual property tax
- $4,247
Maintenance Fee Includes
Management
Also included: Common Area Maintenance, Landscaping, Insurance
Interior
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 7'10'' x 16'5'' |
| Laundry room | Main level | 6'9'' x 8'3'' |
| Kitchen | Main level | 10'10'' x 16'5'' |
| Primary Bedroom | Main level | 15'6'' x 12'5'' |
| Bedroom | Main level | 13'0'' x 13'0'' |
| 4pc Bathroom | Main level | 8'11'' x 7'6'' |
| 3pc Ensuite bath | Main level | 7'10'' x 7'8'' |
Description
Welcome to Unit 102 at 247 Grey Silo Road — one of Waterloo's most sought-after addresses. This beautifully appointed 2-bed, 2-bath groundfloor condo features luxury vinyl plank flooring, oversized windows, and brushed nickel hardware throughout. The open concept kitchen is a true highlight, featuring a large island, quartz countertops, KitchenAid stainless steel appliances, and an upgraded range hood — perfect for both cooking and entertaining. Just off the kitchen, step onto an enormous balcony with three distinct seating areas where BBQs are permitted — an entertainer's delight for gatherings or quiet evenings outdoors. The generously sized primary suite comfortably fits a king-size bed with room to spare, includes a double closet, and features a private ensuite with walk-in shower — perfect for downsizers. Modern bathrooms feature quartz vanities and comfort-height toilets, while additional upgrades include in-suite washer and dryer, a high efficiency water heater, water softener, and an HRV system for fresh air circulation year-round. Ground-floor entry keeps daily life effortless, and the rooftop terrace offers even more outdoor space to enjoy. Two owned parking spots included.Steps from Grey Silo Golf Course, the Walter Bean Trail, St. Jacobs Farmers' Market, RIM Park, and local restaurants — with easy access to Uptown Waterloo, both universities, and the expressway. Low-maintenance luxury living in one of Waterloo's most prestigious pocket (id:63159)
Listing Information
- MLS®
- 40860024
- Data last synced
- September 15, 2026
Real Broker Ontario Ltd.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Real Broker Ontario Ltd.
MLS® Number: 40860024
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
$514/sqft
Building average
—
No other active listings in this building
118 - Colonial Acres/East Bridge average
$538/sqft
6 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: Cambridge
3°C
Fog
Humidity 98%
Wind NE calm km/h
Today
20°
Tonight
5°
Friday
12°
Friday night
-2°
Saturday
14°
Saturday night
3°
Source: Environment and Climate Change Canada.
Population
126,356
(2021 Census)
+15.5% since 2016
Similar Listings Nearby
Similar active properties nearby based on property type, price, and size.
Mortgage & Ownership Cost Calculator
Minimum required: 5.6% ($31,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$452,000.00
Periodic payment — Principal & Interest (monthly)$2,916.15
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,033.92
Total monthly cost$3,950.07
Interest paid over 5-yr term$129,544.50
Balance at end of term$406,575.46
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$31,500
Stress test qualifying rate8.19%
Payment you must qualify for$4,136.62
Cash Needed at Closing
Minimum down payment$31,500
Estimated Land Transfer Tax (LTT)$7,775
Legal / closing costs (typical estimate)$1,500
Total cash needed$40,775
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.
