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Property Type: TownhouseOwnership: Condominium
249 CEDARBRAE Avenue Unit# 1
Waterloo, ON N2L4S8
MLS® 40847893
$374,900
5 bed2 bath1 parking1,043 sqftBuilt 1977
Property Details
Property & Lot
- Sub-type
- Row / Townhouse
- Stories
- 2
- Frontage
- 0 feet
GR
Ownership & Fees
- Property type
- Townhouse
- Ownership
- Condominium
- Condo / maintenance fee
- $493/mo
- Annual property tax
- $2,498.91
Maintenance Fee Includes
WaterManagement
Also included: Common Area Maintenance, Insurance, Parking
Interior
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Utility room | Basement | — |
| Laundry room | Basement | — |
| 3pc Bathroom | Basement | — |
| Bedroom | Basement | 9'8'' x 10'10'' |
| Bedroom | Basement | 9'8'' x 10'10'' |
| Bedroom | Second level | 9'0'' x 11'2'' |
| 4pc Bathroom | Second level | — |
| Bedroom | Second level | 8'7'' x 12'0'' |
| Primary Bedroom | Second level | 9'7'' x 15'0'' |
| Kitchen | Main level | 9'5'' x 19'0'' |
| Living room | Main level | 9'0'' x 19'4'' |
Description
Wonderful Property in Desirable Waterloo Location with a rental license for 5!!!! Great Investment opportunity! The carpet-free house is on a quiet street, a short walk to the Universities, Shopping stores, and bus routes (bus line 9 just at the corner). 3 Bedrooms on the second floor and two bedrooms in the basement, each bedroom is spacious. The Living Room is Sunny - very bright, and has a hardwood floor. The Kitchen is wide open, has Abundance Cabinets, the common areas are airy, with good-sized windows, and the whole house has a good layout and is well-maintained. Two full baths - one on the second floor, one in the basement. Beautiful front yard, 1 parking spot included at the back of the unit. Updates include a new kitchen with Quartz Countertops (2021), a new bathroom with Quartz Countertops on the 2nd floor (Dec 2024), a Hot Water Heater (2025), and new painting in the basement (2026. Walking Distance To University Of Waterloo! A MUST-SEE house. (id:63159)
Listing Information
- MLS®
- 40847893
- Data last synced
- September 15, 2026
Royal LePage Peaceland Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Royal LePage Peaceland Realty
MLS® Number: 40847893
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
$359/sqft
Building average
—
No other active listings in this building
421 - Lakeshore/Parkdale average
$404/sqft
18 active listing(s)
Parking: 1 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: 5.0% ($18,745) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$299,920.00
Periodic payment — Principal & Interest (monthly)$1,934.98
Additional monthly expenses (condo fees, tax, utilities, etc.)$753.71
Total monthly cost$2,688.69
Interest paid over 5-yr term$85,957.93
Balance at end of term$269,779.01
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$18,745
Stress test qualifying rate8.19%
Payment you must qualify for$2,761.53
Cash Needed at Closing
Minimum down payment$18,745
Estimated Land Transfer Tax (LTT)$4,099
Legal / closing costs (typical estimate)$1,500
Total cash needed$24,344
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.