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Property Type: Detached HouseOwnership: Freehold
309 TOLL GATE Boulevard
Waterloo, ON N2L4M5
MLS® 40862569
$630,000
3 bed2 bath3 parking2,366 sqftBuilt 1976
Property Details
Property & Lot
- Sub-type
- House
- Style
- Raised bungalow
- Stories
- 1
- Frontage
- 50 feet
SR1A
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $4,712.13
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Primary Bedroom | Main level | 11'2'' x 12'2'' |
| Bedroom | Main level | 9'2'' x 14'0'' |
| Bedroom | Main level | 8'8'' x 10'5'' |
| 4pc Bathroom | Main level | — |
| Dining room | Main level | 10'0'' x 9'6'' |
| Living room | Main level | 18'3'' x 11'7'' |
| Kitchen | Main level | 14'9'' x 10'2'' |
| Family room | Basement | 17'7'' x 13'5'' |
| Utility room | Basement | 11'4'' x 13'11'' |
| Recreation room | Basement | 13'0'' x 21'10'' |
| Storage | Basement | 5'9'' x 13'6'' |
| 3pc Bathroom | Basement | — |
Description
Welcome to this well maintained, one owner raised bungalow in the desirable Lakeshore area of Waterloo! Ideally located just a stone’s throw from the newest future WRHN hospital, on a bus route, and minutes from the University of Waterloo and Ira Needles amenities. Offering 3 bedrooms and 2 bathrooms, this solid home features an updated kitchen, finished basement and major mechanical updates already completed. The versatile raised bungalow layout offers excellent potential for an in-law suite or duplex conversion. Outside, enjoy a large yard, single car garage and driveway parking for two. A fantastic opportunity in an established neighbourhood with an incredibly convenient location. ** Some photos have been virtually staged. (id:63161)
Listing Information
- MLS®
- 40862569
- Data last synced
- October 28, 2026
Royal LePage Wolle Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Royal LePage Wolle Realty
MLS® Number: 40862569
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: 6.0% ($38,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$504,000.00
Periodic payment — Principal & Interest (monthly)$3,251.64
Additional monthly expenses (condo fees, tax, utilities, etc.)$510.68
Total monthly cost$3,762.31
Interest paid over 5-yr term$144,447.85
Balance at end of term$453,349.63
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$38,000
Stress test qualifying rate8.19%
Payment you must qualify for$4,590.21
Cash Needed at Closing
Minimum down payment$38,000
Estimated Land Transfer Tax (LTT)$9,075
Legal / closing costs (typical estimate)$1,500
Total cash needed$48,575
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.
