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Property Type: Detached HouseOwnership: Freehold
402 PALAMINO PLACE
Waterloo, ON N2K4K5
MLS® X13547996
$1,099,000
4 bed3.5 bath6 parking
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 2
- Lot size
- 55.2 x 104.7 FT ; 42.98ft x 98.72ft x 55.26ft x 110.62ft
- Frontage
- 55.2 feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $8,206.85
Interior
- Basement
- Unfinished, N/A
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Foyer | Main level | — |
| Bedroom 3 | Second level | — |
| Bedroom 4 | Second level | — |
| Bathroom | Second level | — |
| Bathroom | Second level | — |
| Living room | Main level | — |
| Dining room | Main level | — |
| Kitchen | Main level | — |
| Eating area | Main level | — |
| Family room | Main level | — |
| Partial bathroom | Main level | — |
| Laundry room | Main level | — |
| Primary Bedroom | Second level | — |
| Bedroom 2 | Second level | — |
Description
Nestled in Lincoln Village West, one of Waterloo's most sought-after neighbourhoods, this well-cared-for home offers an exceptional blend of comfort, space, and convenience. Built in 2010 and ideally situated on a rare cul-de-sac, the location is truly second to none - just minutes from Wilfrid Laurier University, the University of Waterloo, Conestoga Mall, Grey Silo Golf Course, the Waterloo Recreation Complex, major highways, shopping, restaurants, coffee shops, and more. The main floor features a bright and spacious layout with 9-foot ceilings, beautiful front windows, and a well-appointed living and dining area. The entertainer's kitchen boasts a large island and opens to both the breakfast area and the spacious family room, which stretches across the back of the home and offers a walkout to the private backyard. A large laundry room and updated powder room complete the main level. Upstairs, the spacious primary suite features a large walk-in closet and a private ensuite. Three additional generously sized bedrooms, including two with walk-in closets, and a full bathroom complete the upper level. The home also includes a double-car garage and a double driveway with parking for up to four vehicles, plus the added benefit of no sidewalk to shovel in the winter. This is a wonderful opportunity to live in a thriving community that offers comfort, convenience, and the perfect place to create lasting memories. Pictures are Virtually Enhanced. (id:63159)
Listing Information
- MLS®
- X13547996
- Data last synced
- September 30, 2026
ENVOY CAPITOL REALTY INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: ENVOY CAPITOL REALTY INC.
MLS® Number: X13547996
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 Toronto Regional Real Estate Board.
Values & Trends
This listing
—
Building average
—
No other active listings in this building
Waterloo average
$436/sqft
188 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: 7.7% ($84,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$879,200.00
Periodic payment — Principal & Interest (monthly)$5,672.30
Additional monthly expenses (condo fees, tax, utilities, etc.)$683.90
Total monthly cost$6,356.20
Interest paid over 5-yr term$251,981.25
Balance at end of term$790,843.24
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$84,900
Stress test qualifying rate8.19%
Payment you must qualify for$7,863.07
Cash Needed at Closing
Minimum down payment$84,900
Estimated Land Transfer Tax (LTT)$18,455
Legal / closing costs (typical estimate)$1,500
Total cash needed$104,855
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.
