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Property Type: TownhouseOwnership: Condominium
511 QUIET Place Unit# 4
Waterloo, ON N2J5L6
MLS® 40869154
$450,000
3 bed4 full, 2 half bath2 parking1,878 sqft
Property Details
Property & Lot
- Sub-type
- Row / Townhouse
- Stories
- 2
RMU-40
Ownership & Fees
- Property type
- Townhouse
- Ownership
- Condominium
- Condo / maintenance fee
- $711/mo
- Annual property tax
- $3,411
Maintenance Fee Includes
Management
Also included: Landscaping, Insurance, Parking
Interior
- Basement
- Finished, Full
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 2pc Bathroom | Basement | 4'11'' x 5'10'' |
| Recreation room | Basement | 22'8'' x 16'3'' |
| 3pc Bathroom | Second level | 7'4'' x 4'11'' |
| 3pc Bathroom | Second level | 7'2'' x 4'7'' |
| Bedroom | Second level | 11'6'' x 8'0'' |
| Bedroom | Second level | 15'9'' x 8'0'' |
| Primary Bedroom | Second level | 11'6'' x 14'0'' |
| Living room | Main level | 13'6'' x 16'4'' |
| Dining room | Main level | 7'11'' x 12'11'' |
| Laundry room | Main level | — |
| 2pc Bathroom | Main level | 5'11'' x 3'1'' |
| Kitchen | Main level | 11'10'' x 13'0'' |
Description
Fantastic Home With 3 Bedrooms and 4 Bathrooms. Open Concept Layout, Upgraded Kitchen With Quartz Countertops, Large Island, Lots of Cabinets, and Stainless Steel Appliances. The formal dining area and living room are spacious and bright, with a walk-out to the backyard. The second floor has three good-sized bedrooms with one ensuite bathroom and one main bathroom. The finished basement has a large recreation room with an egress window, a bathroom, and plenty of storage space. Attached oversized one car garage. Minutes from the University of Waterloo and Laurier. Close to highways, parks, shopping plazas near the LRT, expressway, and trails. Book your viewing today! (id:63159)
Listing Information
- MLS®
- 40869154
- Data last synced
- October 7, 2026
RE/MAX TWIN CITY REALTY INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX TWIN CITY REALTY INC.
MLS® Number: 40869154
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
$240/sqft
Building average
—
No other active listings in this building
421 - Lakeshore/Parkdale average
$411/sqft
18 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.)$1,089.25
Total monthly cost$3,411.85
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.
