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Property Type: Detached HouseOwnership: Freehold
249 SUNVIEW STREET
Waterloo, ON N2L3V8
MLS® X12781416
$7,200,000
3 bed1 bath34 parking
Property Details
Property & Lot
- Sub-type
- House
- Style
- Bungalow
- Stories
- 1
- Lot size
- 165.4 x 146.4 FT
- Frontage
- 165.4 feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $20,000
Interior
- Basement
- Finished, N/A
- Heating
- Forced air, Electric, Natural gas
Description
Attention Builders, Investors! Incredible And Very Rare Investment Opportunity In Waterloo University Campus Area! Assembly 3 Detached Homes ( 249, 251, 253 Sunview Street) This project combines the lands located at 249, 251, and 253 Sunview Street. The zoning approval was granted in October 2024. The proposed development is planned as a 12-storey building with approximately 116,400 square feet of gross floor area, comprising 131 residential units. Site Plan Agreement is Ready ! (id:63159)
Listing Information
- MLS®
- X12781416
- Data last synced
- October 4, 2026
BAY STREET GROUP INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: BAY STREET GROUP INC.
MLS® Number: X12781416
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
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No other active listings in this building
Waterloo average
$436/sqft
188 active listing(s)
Parking: 34 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:
Similar Listings Nearby
No similar listings found nearby right now.
Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($1,440,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$5,760,000.00
Periodic payment — Principal & Interest (monthly)$37,161.57
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,666.67
Total monthly cost$38,828.23
Interest paid over 5-yr term$1,650,832.56
Balance at end of term$5,181,138.63
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$1,440,000
Stress test qualifying rate8.19%
Payment you must qualify for$44,661.55
Cash Needed at Closing
Minimum down payment$1,440,000
Estimated Land Transfer Tax (LTT)$166,475
Legal / closing costs (typical estimate)$1,500
Total cash needed$1,607,975
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.