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Property Type: Detached HouseOwnership: Freehold
262 CARLAW Place
Waterloo, ON N2J3Y9
MLS® 40866168
$650,000
4 bed2 bath5 parking2,345 sqftBuilt 1964
Property Details
Property & Lot
- Sub-type
- House
- Style
- Bungalow
- Stories
- 1
- Frontage
- 47 feet
SR2
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $5,110
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- None
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 3pc Bathroom | Basement | — |
| Den | Basement | 10'2'' x 11'6'' |
| Bedroom | Basement | 9'10'' x 11'2'' |
| Recreation room | Basement | 11'1'' x 6'' |
| 4pc Bathroom | Main level | — |
| Bedroom | Main level | 10'0'' x 13'7'' |
| Bedroom | Main level | 10'0'' x 9'10'' |
| Primary Bedroom | Main level | 11'7'' x 13'6'' |
| Dining room | Main level | 9'2'' x 10'0'' |
| Living room | Main level | 12'0'' x 16'5'' |
| Kitchen | Main level | 15'6'' x 15'3'' |
Description
FIRST TIME OFFERED FOR SALE SINCE 1974! A rare opportunity in sought-after Lincoln Heights, tucked away on a quiet Waterloo cul-de-sac and set on an amazing oversized pie-shaped lot! This spacious 1,345 sq. ft. bungalow offers a fantastic layout and loads of potential for buyers ready to add their own style and build equity. The main floor features an extra-large eat-in kitchen, separate dining room and a bright, spacious living room highlighted by wall-to-wall windows overlooking the property. The home offers 3 bedrooms and a 4-piece main bath, while the finished lower level provides even more living space with a large rec room, den, potential 4th bedroom and 3-piece bath. Outside, the exceptional pie-shaped lot offers plenty of room to enjoy, while the attached garage and generous parking add everyday convenience. An outstanding Waterloo location with easy access to the expressway, Uptown Waterloo, shopping, schools, parks and amenities. This is a true sweat-equity opportunity with the three things you can't easily change — a great lot, a great location and a great layout. Bring your ideas and transform this longtime family home into something truly special! (id:63161)
Listing Information
- MLS®
- 40866168
- Data last synced
- October 23, 2026
RE/MAX Real Estate Centre Inc.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX Real Estate Centre Inc.
MLS® Number: 40866168
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
$277/sqft
Building average
—
No other active listings in this building
116 - Glenridge/Lincoln Heights average
$409/sqft
16 active listing(s)
Parking: 5 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: 6.2% ($40,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$520,000.00
Periodic payment — Principal & Interest (monthly)$3,354.86
Additional monthly expenses (condo fees, tax, utilities, etc.)$542.83
Total monthly cost$3,897.70
Interest paid over 5-yr term$149,033.49
Balance at end of term$467,741.68
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$40,000
Stress test qualifying rate8.19%
Payment you must qualify for$4,729.78
Cash Needed at Closing
Minimum down payment$40,000
Estimated Land Transfer Tax (LTT)$9,475
Legal / closing costs (typical estimate)$1,500
Total cash needed$50,975
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.
