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Property Type: Detached HouseOwnership: Freehold
292 THORNCREST Drive
Waterloo, ON N2L5R5
MLS® 40863883
$899,900
5 bed4.5 bath6 parking2,937 sqftBuilt 1999
Property Details
Property & Lot
- Sub-type
- House
- Style
- Contemporary
- Stories
- 2
- Frontage
- 66 feet
SR2A
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $7,920.4
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 4pc Bathroom | Basement | — |
| Bedroom | Basement | 10'1'' x 11'7'' |
| Bedroom | Basement | 10'1'' x 11'7'' |
| Kitchen | Basement | 7'8'' x 12'9'' |
| Living room/Dining room | Basement | 12'1'' x 13'11'' |
| 4pc Bathroom | Second level | — |
| Bedroom | Second level | 12'0'' x 11'3'' |
| Bedroom | Second level | 17'7'' x 13'9'' |
| 3pc Ensuite bath | Second level | — |
| Primary Bedroom | Second level | 12'11'' x 22'0'' |
| 2pc Bathroom | Main level | — |
| Office | Main level | 11'7'' x 12'6'' |
| Kitchen | Main level | 13'0'' x 17'0'' |
| Living room/Dining room |
Description
Positioned on a premium 66' x 114' lot, Welcome to this impressive family residence in Waterloo's sought-after Lakeshore neighbourhood, featuring approx 3,000 sqft of finished living space with an ideal combination of style, comfort, & income potential. Thoughtfully updated throughout, this home offers 3+2 bedrooms, 4 bathrooms, & over $150,000 in recent improvements, perfectly suited for growing families or multigenerational living. A welcoming double-door entry opens to a bright interior showcasing new ceramic tile flooring in the foyer and kitchen, hardwood floors in the living room, dining room, and office, stylish pot lights, and a warm gas fireplace. The gorgeous brand-new kitchen, completed in June 2026, features contemporary cabinetry, a brand new stove, and a practical design perfect for daily living and entertaining. Step out to the expansive deck overlooking a private, mature treed backyard offering a tranquil, trail-like atmosphere. Upstairs, the generous primary bedroom includes an ensuite bathroom, while two additional spacious bedrooms share a full bath. The professionally finished legal second dwelling, completed in 2023 with over $100,000 invested, includes two bedrooms, a full kitchen, living space, separate entrance, and private laundry, offering valuable mortgage support or comfortable accommodations for extended family. New Water Heater in Sept 2026. Further upgrades include a new walkway to the basement entrance completed in 2023, beautifully landscaped front gardens with an irrigation system and 6 sprinklers, a double-car garage, plus parking for 4 additional vehicles, for 6 total parking spaces. Ideally situated minutes from the University of Waterloo, Wilfrid Laurier University, Conestoga Mall, top-rated schools, parks, trails, and transit. Enjoy exceptional convenience and long-term value as a spacious family home, income-generating investment, or a smart option for university-bound children to live near campus while building equity. RSA (id:63161)
Listing Information
- MLS®
- 40863883
- Data last synced
- October 24, 2026
RE/MAX Escarpment Golfi Realty Inc.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX Escarpment Golfi Realty Inc.
MLS® Number: 40863883
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
$306/sqft
Building average
—
No other active listings in this building
421 - Lakeshore/Parkdale average
$357/sqft
17 active listing(s)
Parking: 6 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: 7.2% ($64,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$719,920.00
Periodic payment — Principal & Interest (monthly)$4,644.68
Additional monthly expenses (condo fees, tax, utilities, etc.)$807.03
Total monthly cost$5,451.71
Interest paid over 5-yr term$206,331.14
Balance at end of term$647,570.37
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$64,990
Stress test qualifying rate8.19%
Payment you must qualify for$6,473.68
Cash Needed at Closing
Minimum down payment$64,990
Estimated Land Transfer Tax (LTT)$14,473
Legal / closing costs (typical estimate)$1,500
Total cash needed$80,963
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.
