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Property Type: Detached HouseOwnership: Freehold
315 RIDEAU RIVER Place
Waterloo, ON N2V2Y5
MLS® 40869690
$2,200,000
4 bed4.5 bath4 parking3,640 sqftBuilt 2008
Property Details
Property & Lot
- Sub-type
- House
- Style
- Other
- Stories
- 2
- Lot size
- 0.16 acres
- Frontage
- 42 feet
R4
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $12,503.63
Interior
- Basement
- Unfinished, Full
- Heating
- Forced air, Natural gas
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Utility room | Basement | 18'7'' x 31'2'' |
| Other | Basement | 22'7'' x 46'2'' |
| Laundry room | Second level | 7'4'' x 8'0'' |
| Bedroom | Second level | 14'3'' x 11'6'' |
| 4pc Bathroom | Second level | 5'0'' x 8'3'' |
| Bedroom | Second level | 17'10'' x 18'5'' |
| 4pc Bathroom | Second level | 7'10'' x 8'2'' |
| Bedroom | Second level | 15'5'' x 18'5'' |
| 5pc Ensuite bath | Second level | 14'0'' x 19'7'' |
| Primary Bedroom | Second level | 13'11'' x 23'2'' |
| 2pc Bathroom | Main level | — |
| Office | Main level | 9'10'' x 14'0'' |
| Living room | Main level | 14'0'' x 14'0'' |
Description
Set on a quiet court in a welcoming Waterloo neighbourhood, this Carey Homes residence combines distinctive architecture with an exceptional outdoor setting, backing onto trails and greenspace. With over 3,600 square feet above grade, four bedrooms and three bathrooms, the home offers generous space for memorable gatherings, focused work and relaxed everyday living. A richly textured exterior of brick and stone, layered gables and an arched entrance creates an impressive arrival. Inside, an open staircase with dark wood detailing and metal spindles establishes a striking architectural focal point. Coffered ceilings add depth and definition to the principal living space, while expansive windows and transoms fill the home with natural light. The kitchen connects naturally with the breakfast area and inviting family room, where a fireplace anchors the space. A separate dining area provides an elegant setting for dinner parties and celebrations, while the main-floor office offers a dedicated place for focused work. Upstairs, the spacious primary suite opens onto a private covered balcony overlooking the pool and treetops—a peaceful setting for morning coffee or unwinding at the end of the day. Its generous ensuite features separate vanities, a deep soaker tub and a glass-enclosed shower. The fully fenced backyard is a private retreat, with mature trees, layered gardens and stone landscaping framing the inground pool. Generous spaces for lounging and outdoor dining invite leisurely afternoons and summer evenings with friends. A backyard gate provides direct access to trails, with Laurel Creek Conservation Area just steps away, making time outdoors a natural extension of life at home. Built by quality builder Carey Homes, this residence brings together enduring architectural appeal, everyday comfort and a remarkable connection to the outdoors. (id:63159)
Listing Information
- MLS®
- 40869690
- Data last synced
- October 20, 2026
RE/MAX TWIN CITY REALTY INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX TWIN CITY REALTY INC.
MLS® Number: 40869690
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
$604/sqft
Building average
—
No other active listings in this building
441 - Erbsville/Laurelwood average
$398/sqft
19 active listing(s)
Parking: 4 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: 20.0% ($440,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$1,760,000.00
Periodic payment — Principal & Interest (monthly)$11,354.92
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,223.97
Total monthly cost$12,578.89
Interest paid over 5-yr term$504,421.06
Balance at end of term$1,583,125.69
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$440,000
Stress test qualifying rate8.19%
Payment you must qualify for$13,646.58
Cash Needed at Closing
Minimum down payment$440,000
Estimated Land Transfer Tax (LTT)$41,475
Legal / closing costs (typical estimate)$1,500
Total cash needed$482,975
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.
