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Property Type: Detached HouseOwnership: Freehold
488 HEATHER HILL Place
Waterloo, ON N2T1H7
MLS® 40870916
$999,000
5 bed4.5 bath6 parking2,318 sqft
Property Details
Property & Lot
- Sub-type
- House
- Style
- Other
- Stories
- 2
- Frontage
- 55 feet
SR1A
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $6,713
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Utility room | Basement | — |
| Bedroom | Basement | 10'8'' x 15'4'' |
| Recreation room | Basement | 28'8'' x 17'5'' |
| Kitchen | Basement | 10'8'' x 10'10'' |
| 4pc Bathroom | Basement | — |
| 4pc Bathroom | Second level | — |
| Bedroom | Second level | 10'7'' x 12'6'' |
| Bedroom | Second level | 10'7'' x 11'0'' |
| Bedroom | Second level | 11'8'' x 9'1'' |
| 4pc Ensuite bath | Second level | — |
| Primary Bedroom | Second level | 11'8'' x 18'7'' |
| 2pc Bathroom | Main level | — |
| Family room | Main level | 12'3'' x 16'2'' |
| Dinette |
Description
A quiet Westvale court, a private backyard, and a bright walkout lower level that feels like a natural extension of the main living space. Welcome to 488 Heather Hill Place, a custom-built, 4+1-bedroom, 4-bathroom home offering approximately 2,318 sq. ft. above grade, plus a fully finished walkout basement.Generous rooms throughout give everyone room to gather and space to unwind, featuring separate living and family rooms, a formal dining room, and an eat-in kitchen. Timeless oak cabinetry, quartz countertops, undermount sinks, and a practical peninsula bring warmth and function to the kitchen, while two fireplaces add cozy character to the main living areas. A beautiful two-tone staircase leads upstairs to four generously sized bedrooms, including a spacious primary suite complete with a walk-in closet and private ensuite.The finished walkout lower level is a true standout. Large windows flood the space with natural light, while a second kitchen, full bathroom, bedroom, and expansive recreation room offer incredible flexibility for extended family, guests, or a potential in-law arrangement. Direct walkout access to the yard seamlessly connects indoor and outdoor living.Enjoy the privacy of the established yard and raised deck, with Westvale Park just steps away and convenient access to The Boardwalk, Costco, shopping, and dining. Key mechanical updates offer total peace of mind, including a furnace updated in 2025, water softener in 2023, and roof shingles replaced in 2021. Complete with a double garage and driveway parking for six, this home offers exceptional space for everyday life and flexibility for whatever comes next. (id:63161)
Listing Information
- MLS®
- 40870916
- Data last synced
- October 22, 2026
HOMELIFE MIRACLE REALTY LTD
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: HOMELIFE MIRACLE REALTY LTD
MLS® Number: 40870916
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
$431/sqft
Building average
—
No other active listings in this building
439 - Westvale average
$435/sqft
14 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: 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: 7.5% ($74,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$799,200.00
Periodic payment — Principal & Interest (monthly)$5,156.17
Additional monthly expenses (condo fees, tax, utilities, etc.)$675.42
Total monthly cost$5,831.58
Interest paid over 5-yr term$229,053.02
Balance at end of term$718,882.98
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$74,900
Stress test qualifying rate8.19%
Payment you must qualify for$7,165.23
Cash Needed at Closing
Minimum down payment$74,900
Estimated Land Transfer Tax (LTT)$16,455
Legal / closing costs (typical estimate)$1,500
Total cash needed$92,855
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.
