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Property Type: Detached HouseOwnership: Freehold
259 THORNCREST Drive
Waterloo, ON N2L4L2
MLS® 40871065
$599,900
4 bed2 bath3 parking2,255 sqftBuilt 1967
Property Details
Property & Lot
- Sub-type
- House
- Style
- Bungalow
- Stories
- 1
- Frontage
- 51 feet
SR 2
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $4,583
Interior
- Basement
- Finished, Full
- Heating
- Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Laundry room | Basement | — |
| 3pc Bathroom | Basement | — |
| Den | Basement | 8'3'' x 14'0'' |
| Bedroom | Basement | 7'11'' x 9'3'' |
| Recreation room | Basement | 14'1'' x 23'8'' |
| 4pc Bathroom | Main level | '' |
| Bedroom | Main level | 9'1'' x 10'9'' |
| Bedroom | Main level | 9'1'' x 11'7'' |
| Primary Bedroom | Main level | 11'1'' x 14'6'' |
| Sunroom | Main level | 10'3'' x 10'8'' |
| Dining room | Main level | 10'8'' x 11'6'' |
| Kitchen | Main level | 11'8'' x 14'1'' |
| Living room | Main level | 14'1'' x 15'10'' |
Description
Welcome to 259 Thorncrest Dr, Waterloo! This charming bungalow sits on a generous lot in the sought-after Lakeshore neighbourhood. Offering 3+1 bedrooms and 2 full bathrooms, carpet free, the main floor features a bright sunroom, fresh paint throughout, and comfortable living spaces. Recent updates include a newly paved driveway, fresh painting, a new sump pump (2025), and a heat pump with AC (2023) for year-round comfort and peace of mind, dishwasher (2026). Enjoy added privacy with no rear neighbours. Don't miss this wonderful opportunity! (id:63161)
Listing Information
- MLS®
- 40871065
- Data last synced
- October 25, 2026
Royal LePage Peaceland Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Royal LePage Peaceland Realty
MLS® Number: 40871065
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
$266/sqft
Building average
—
No other active listings in this building
421 - Lakeshore/Parkdale average
$362/sqft
17 active listing(s)
Parking: 3 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: 5.8% ($34,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$479,920.00
Periodic payment — Principal & Interest (monthly)$3,096.28
Additional monthly expenses (condo fees, tax, utilities, etc.)$494.92
Total monthly cost$3,591.20
Interest paid over 5-yr term$137,546.45
Balance at end of term$431,689.59
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$34,990
Stress test qualifying rate8.19%
Payment you must qualify for$4,380.17
Cash Needed at Closing
Minimum down payment$34,990
Estimated Land Transfer Tax (LTT)$8,473
Legal / closing costs (typical estimate)$1,500
Total cash needed$44,963
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.
