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Property Type: TownhouseOwnership: Condominium
406 CRAIGLEITH Drive Unit# 1
Waterloo, ON N2L5T2
MLS® 40863671
$612,000
2 bed3.5 bath2 parking1,650 sqftBuilt 1985
Property Details
Property & Lot
- Sub-type
- Row / Townhouse
- Stories
- 2
R8
Ownership & Fees
- Property type
- Townhouse
- Ownership
- Condominium
- Condo / maintenance fee
- $980/mo
- Annual property tax
- $4,053.5
Maintenance Fee Includes
Management
Also included: Common Area Maintenance, Landscaping, Insurance, Parking
Interior
- Basement
- Finished, Partial
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Storage | Basement | 5'5'' x 7'6'' |
| Laundry room | Basement | 7'6'' x 10'7'' |
| Recreation room | Basement | 14'8'' x 20'3'' |
| 4pc Bathroom | Second level | 4'11'' x 8'11'' |
| Bedroom | Second level | 11'10'' x 15'10'' |
| 3pc Ensuite bath | Second level | 4'11'' x 7'4'' |
| Primary Bedroom | Second level | 12'4'' x 19'4'' |
| 2pc Bathroom | Main level | 4'8'' x 5'0'' |
| Eat in kitchen | Main level | 12'3'' x 13'3'' |
| Dining room | Main level | 10'3'' x 12'10'' |
| Living room | Main level | 11'10'' x 19'0'' |
| Foyer | Main level | 6'7'' x 12'1'' |
Description
This move-in ready townhome in exclusive Clair Creek Condo community is a perfect balance of beauty and function. With only 12 units in this charming enclave of townhomes, they rarely come up for sale. And unit #1 is the #1 unit for many reasons! From the moment you walk in, you will appreciate the tasteful decor, timeless finishes and touches of class. The classic design choices throughout were made with quality and longevity in mind. Rich hardwood flooring on the main and upper levels brings warmth, while white custom cabinetry and built-ins throughout this home offer storage which is not only practical but elegant, allowing you to store and display your books, artwork, accessories and glassware. Upstairs, you will find two spacious bedrooms and two full bathrooms featuring high-end vanities and tilework. The Primary Bedroom features two walk-in closets and a 3-piece en suite, and the 2nd Bedroom features a west-facing bay window and expansive built-ins, making it a great “work from home” space without sacrificing the function of having a 2nd Bedroom. From the Dining Room and private Terrace, you will love the views of the sunset and established trees lining the property, and you will enjoy the natural light flooding inside the large windows of this west facing home. Ideal location in the complex with ample parking just outside your door for loading and unloading and accommodating guests. The finished basement is a cozy spot to unwind and watch a movie, and it offers loads of storage. You will enjoy taking advantage of the neighbourhood home association just a few steps away which offers a private pool, tennis and pickle ball courts. Close to shopping and many other amenities in the desirable Beechwood area. Truly, this is a fantastic home for entertaining and enjoying the finer things in life. Furnace (2021), A/C (2020). Visit the website to view the 3D tour, floor plans and more photos. (id:63161)
Listing Information
- MLS®
- 40863671
- Data last synced
- October 26, 2026
Royal Lepage Wolle Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Royal Lepage Wolle Realty
MLS® Number: 40863671
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
$371/sqft
Building average
—
No other active listings in this building
417 - Beechwood/University average
$303/sqft
12 active listing(s)
Parking: 2 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: 5.9% ($36,200) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$489,600.00
Periodic payment — Principal & Interest (monthly)$3,158.73
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,400.79
Total monthly cost$4,559.52
Interest paid over 5-yr term$140,320.77
Balance at end of term$440,396.78
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$36,200
Stress test qualifying rate8.19%
Payment you must qualify for$4,464.60
Cash Needed at Closing
Minimum down payment$36,200
Estimated Land Transfer Tax (LTT)$8,715
Legal / closing costs (typical estimate)$1,500
Total cash needed$46,415
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.
