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Property Type: Detached HouseOwnership: FreeholdRECENTLY LISTED
508 BROOKMILL Crescent
Waterloo, ON N2V2M1
MLS® 40872551
58
Walk Score
36
Transit
60
Bike
$788,000
3 bed3 full, 2 half bath2 parking2,168 sqftBuilt 2000
58
Walk Score
36
Transit
60
Bike
Open House
Sunday, November 1
2:00 PM – 4:00 PM
Property Details
Property & Lot
- Sub-type
- House
- Style
- Other
- Stories
- 2
- Frontage
- 30 feet
R4
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $5,213
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 2pc Bathroom | Basement | 6'8'' x 2'7'' |
| Recreation room | Basement | 22'8'' x 20'2'' |
| 4pc Bathroom | Second level | 6'0'' x 10'7'' |
| Primary Bedroom | Second level | 15'10'' x 17'4'' |
| Bedroom | Second level | 10'1'' x 10'6'' |
| Bedroom | Second level | 12'6'' x 10'7'' |
| 2pc Bathroom | Main level | 5'7'' x 5'0'' |
| Living room | Main level | 10'0'' x 20'8'' |
| Dining room | Main level | 9'1'' x 10'2'' |
| Kitchen | Main level | 11'2'' x 10'6'' |
| Foyer | Main level | — |
Description
Here’s your opportunity to own a detached family home in Waterloo’s highly sought-after Laurelwood neighbourhood! Situated close to grocery stores, restaurants, the YMCA, and top-rated Waterloo schools, this home offers a blend of comfort, convenience, and space for your growing family. Over 1,500 sq. ft. of above-grade living space, plus an additional 583 sq. ft. of finished basement space, this 2-storey home has room for everyone! A welcoming foyer featuring stylish coat hooks and a handy storage bench, along with a traditional closet to keep everything neatly tucked away. The main floor boasts hardwood flooring and an open-concept layout that connects the kitchen, dining, and living areas. The kitchen combines warmth and functionality with natural wood countertops, white-painted cabinetry, and stainless steel appliances. The island provides additional storage and a breakfast bar, perfect for morning coffee. The living room is filled with natural light thanks to impressive floor-to-ceiling windows and features built-in shelving for your favourite décor, along with an electric fireplace. Sliding doors lead to the spacious wooden deck and fully fenced backyard, making indoor-outdoor living a breeze. A convenient 2pc powder room completes the main floor. Upstairs, the primary bedroom offers his-and-hers closets and convenient cheater access to the 4pc main bathroom. Two bedrooms provide space for children, guests, or a home office. BONUS the laundry room is conveniently located on the 2nd floor! The fully finished basement adds valuable living space, complete with laminate flooring and a 2-pc bathroom. The recreation room offers endless possibilities, create an entertainment area, home gym, or a play space for the kids. Additional features include an attached single-car garage, a fenced backyard with a large deck, perfect for BBQ’s and outdoor enjoyment. With its family-friendly layout and unbeatable Laurelwood location, this move-in-ready home is ready for you. (id:63161)
Listing Information
- MLS®
- 40872551
- Data last synced
- October 29, 2026
RE/MAX SOLID GOLD REALTY (II) LTD.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX SOLID GOLD REALTY (II) LTD.
MLS® Number: 40872551
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
$363/sqft
Building average
—
No other active listings in this building
441 - Erbsville/Laurelwood average
$418/sqft
19 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: 6.8% ($53,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$630,400.00
Periodic payment — Principal & Interest (monthly)$4,067.13
Additional monthly expenses (condo fees, tax, utilities, etc.)$542.42
Total monthly cost$4,609.54
Interest paid over 5-yr term$180,674.45
Balance at end of term$567,046.84
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$53,800
Stress test qualifying rate8.19%
Payment you must qualify for$5,692.80
Cash Needed at Closing
Minimum down payment$53,800
Estimated Land Transfer Tax (LTT)$12,235
Legal / closing costs (typical estimate)$1,500
Total cash needed$67,535
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.
