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Property Type: TownhouseOwnership: Condominium
493 BEECHWOOD Drive Unit# 4
Waterloo, ON N2T1H8
MLS® 40845318
$525,000
2 bed3 full, 2 half bath2 parking1,780 sqftBuilt 1983
Property Details
Property & Lot
- Sub-type
- Row / Townhouse
- Stories
- 2
MR100
Ownership & Fees
- Property type
- Townhouse
- Ownership
- Condominium
- Condo / maintenance fee
- $624/mo
- Annual property tax
- $3,419.8
Maintenance Fee Includes
WaterManagement
Also included: Landscaping, Insurance, Parking
Interior
- Basement
- Finished, Full
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Second level | 11'0'' x 11'6'' |
| Primary Bedroom | Second level | 11'0'' x 15'9'' |
| 2pc Bathroom | Main level | — |
| Kitchen | Main level | 9'9'' x 11'2'' |
| Dining room | Main level | 9'9'' x 11'3'' |
| Living room | Main level | 10'10'' x 15'6'' |
| Laundry room | Basement | — |
| 1pc Bathroom | Basement | — |
| 4pc Bathroom | Second level | — |
| Recreation room | Basement | 11'0'' x 21'0'' |
Description
Exceptional Value in Beechwood Villas! Resort-style living in one of Waterloo's most sought-after communities. Here's your opportunity to update this well-maintained home to your own taste and style while creating instant equity—all while enjoying an unbeatable location and carefree lifestyle. Leave the snow shoveling and grass cutting behind. Lock the door and head south for the winter, or unwind on your stunning private terrace overlooking beautifully landscaped grounds, a sparkling in-ground pool, and private tennis courts—amenities rarely found at this price. This bright, original-owner 2-bedroom, 2-bathroom townhome offers 1,283 sq. ft. of comfortable living space. The inviting main floor features a cozy wood-burning fireplace, spacious living and dining areas, and sliding doors leading to your oversized terrace with peaceful courtyard views. The sunny eat-in kitchen offers the perfect opportunity to create the kitchen you've always envisioned. Upstairs you'll find two generous bedrooms, including a spacious primary retreat with a walk-in closet and cheater ensuite. The finished lower level adds a versatile rec room, laundry, abundant storage, and direct access to the attached garage. Located in a quiet, well-managed, pet-friendly, BBQ-friendly community, you're just minutes from The Boardwalk, Costco, Sobeys, restaurants, medical centres, parks, walking trails, top-rated schools, both universities, Uptown Waterloo, and major highways. First time ever offered for sale! The $624.23/month condo fee delivers exceptional value, covering building insurance, exterior maintenance, roof, windows, doors, water, landscaping, snow removal, parking, private garbage removal, common elements, and professional management—providing true worry-free living so you can spend more time enjoying the beautifully maintained grounds, in-ground pool, tennis courts, and the lifestyle you've earned. (id:63159)
Listing Information
- MLS®
- 40845318
- Data last synced
- October 20, 2026
RE/MAX Real Estate Centre Inc.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX Real Estate Centre Inc.
MLS® Number: 40845318
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
$295/sqft
Building average
—
No other active listings in this building
417 - Beechwood/University average
$311/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: 5.2% ($27,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$420,000.00
Periodic payment — Principal & Interest (monthly)$2,709.70
Additional monthly expenses (condo fees, tax, utilities, etc.)$998.21
Total monthly cost$3,707.91
Interest paid over 5-yr term$120,373.21
Balance at end of term$377,791.36
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$27,500
Stress test qualifying rate8.19%
Payment you must qualify for$3,857.49
Cash Needed at Closing
Minimum down payment$27,500
Estimated Land Transfer Tax (LTT)$6,975
Legal / closing costs (typical estimate)$1,500
Total cash needed$35,975
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.
