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Property Type: Detached HouseOwnership: Freehold
503 LONELM Court Unit# A
Waterloo, ON N2L5C9
MLS® 40852864
$450,000
3 bed3.5 bath2 parking1,849 sqftBuilt 1972
Property Details
Property & Lot
- Sub-type
- House
- Style
- Other
- Stories
- 2
- Frontage
- 26 feet
RMU-40
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $3,726
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 4pc Bathroom | Basement | — |
| Family room | Basement | 10'6'' x 28'0'' |
| Bedroom | Second level | 9'0'' x 9'8'' |
| Bedroom | Second level | 16'0'' x 10'5'' |
| 4pc Bathroom | Second level | — |
| 2pc Bathroom | Main level | — |
| Primary Bedroom | Second level | 16'0'' x 10'5'' |
| Kitchen | Main level | 15'6'' x 7'4'' |
| Living room | Main level | 11'2'' x 21'0'' |
Description
Perfect First Home or Turnkey Investment! This move-in-ready 3-bedroom, 3-bathroom freehold link home is tucked away on a quiet cul-de-sac and feels like a detached home with its own private driveway and backyard. Offering over 1,700 sq. ft. of finished living space (including a walkout basement with in-law suite potential), it features numerous updates including new flooring and paint (2026), roof and attic insulation (2021), heat pump and furnace (2023), deck (2024), and carport roof and support posts (2025/2026). Ideally located close to the universities, schools, transit, shopping, expressway, and conservation parks, this home offers exceptional convenience and excellent income potential. (id:63159)
Listing Information
- MLS®
- 40852864
- Data last synced
- October 7, 2026
Royal LePage Peaceland Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Royal LePage Peaceland Realty
MLS® Number: 40852864
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
$243/sqft
Building average
—
No other active listings in this building
421 - Lakeshore/Parkdale average
$365/sqft
17 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: 5.0% ($22,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$360,000.00
Periodic payment — Principal & Interest (monthly)$2,322.60
Additional monthly expenses (condo fees, tax, utilities, etc.)$402.50
Total monthly cost$2,725.10
Interest paid over 5-yr term$103,177.03
Balance at end of term$323,821.16
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$22,500
Stress test qualifying rate8.19%
Payment you must qualify for$3,314.72
Cash Needed at Closing
Minimum down payment$22,500
Estimated Land Transfer Tax (LTT)$5,475
Legal / closing costs (typical estimate)$1,500
Total cash needed$29,475
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.
