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Property Type: Detached HouseOwnership: Freehold
422 GRANGEWOOD Drive
Waterloo, ON N2K2E6
MLS® 40864984
$750,000
3 bed2 bath3 parking2,442 sqft
Open House
Sunday, November 1
2:00 PM – 4:00 PM
Property Details
Property & Lot
- Sub-type
- House
- Style
- Bungalow
- Stories
- 1
- Frontage
- 45 feet
R2
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $5,671.75
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Workshop | Lower level | 12'6'' x 21'4'' |
| Utility room | Lower level | 9'10'' x 10'11'' |
| Recreation room | Lower level | 12'5'' x 22'2'' |
| Laundry room | Lower level | 10'9'' x 24'1'' |
| Cold room | Lower level | 4'3'' x 24'1'' |
| 3pc Bathroom | Lower level | 4'8'' x 10'4'' |
| Primary Bedroom | Main level | 10'11'' x 13'0'' |
| Living room | Main level | 13'1'' x 17'0'' |
| Kitchen | Main level | 9'6'' x 14'5'' |
| Dining room | Main level | 9'7'' x 9'7'' |
| Bedroom | Main level | 9'0'' x 13'1'' |
| Bedroom | Main level | 9'1'' x 9'7'' |
| 4pc Bathroom | Main level | 7'6'' x 10'11'' |
Description
Welcome to 422 Grangewood Drive, where stylish updates meet incredible everyday living. This beautifully updated 3-bedroom, 2-bathroom home offers an impressive list of recent improvements, including a brand-new custom kitchen completed in May 2026 and a new roof completed in July 2026. The stunning custom kitchen is truly the heart of the home, featuring solid oak cabinetry, soft-close doors and drawers, granite countertops, pot lighting and cleverly designed hidden storage. The carpet-free main floor showcases beautiful engineered hardwood flooring and offers a warm, inviting space for both family living and entertaining. Downstairs, the finished recreation room provides excellent additional living space, complete with a bar and Murphy bed — ideal for movie nights, entertaining, guests or a comfortable flex space for the family. A dedicated basement workshop adds even more versatility and is perfect for the hobbyist, DIY enthusiast or anyone needing a functional workspace. Step outside to the large backyard and enjoy your own private summer retreat. The above-ground saltwater pool and hot tub create the perfect setting for relaxing, entertaining and making memories with family and friends. With a brand-new custom kitchen, new roof, finished basement, dedicated workshop and fantastic backyard amenities, 422 Grangewood Drive offers the perfect combination of thoughtful updates, functional living space and outdoor enjoyment. Move in, unpack and enjoy! (id:63161)
Listing Information
- MLS®
- 40864984
- Data last synced
- October 28, 2026
Coldwell Banker Peter Benninger Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Coldwell Banker Peter Benninger Realty
MLS® Number: 40864984
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
$307/sqft
Building average
—
No other active listings in this building
120 - Lexington/Lincoln Village average
$414/sqft
21 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: Cambridge
3°C
Fog
Humidity 98%
Wind NE calm km/h
Today
20°
Tonight
5°
Friday
12°
Friday night
-2°
Saturday
14°
Saturday night
3°
Source: Environment and Climate Change Canada.
Population
126,356
(2021 Census)
+15.5% since 2016
Similar Listings Nearby
Similar active properties nearby based on property type, price, and size.
Mortgage & Ownership Cost Calculator
Minimum required: 6.7% ($50,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$600,000.00
Periodic payment — Principal & Interest (monthly)$3,871.00
Additional monthly expenses (condo fees, tax, utilities, etc.)$594.65
Total monthly cost$4,465.64
Interest paid over 5-yr term$171,961.72
Balance at end of term$539,701.94
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$50,000
Stress test qualifying rate8.19%
Payment you must qualify for$5,427.62
Cash Needed at Closing
Minimum down payment$50,000
Estimated Land Transfer Tax (LTT)$11,475
Legal / closing costs (typical estimate)$1,500
Total cash needed$62,975
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.
