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Property Type: TownhouseOwnership: Condominium
513 QUIET Place Unit# 3
Waterloo, ON N2L5L6
MLS® 40858081
$405,000
3 bed2 bath1 parking1,794 sqftBuilt 1975
Property Details
Property & Lot
- Sub-type
- Row / Townhouse
- Stories
- 2
RMU-40
Ownership & Fees
- Property type
- Townhouse
- Ownership
- Condominium
- Condo / maintenance fee
- $671/mo
- Annual property tax
- $2,973
Maintenance Fee Includes
Water
Also included: Common Area Maintenance, Landscaping, Electricity, Insurance
Interior
- Basement
- Finished, Full
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 4pc Bathroom | Second level | — |
| Bedroom | Second level | 1'1'' x 1'1'' |
| Bedroom | Second level | 1'1'' x 1'1'' |
| Primary Bedroom | Second level | 1'1'' x 1'1'' |
| Living room | Main level | 1'1'' x 1'1'' |
| Dining room | Main level | 1'1'' x 1'1'' |
| Kitchen | Main level | 1'1'' x 1'1'' |
| Kitchen | Main level | 1'1'' x 1'1'' |
| 3pc Bathroom | Basement | — |
Description
Welcome to 513 Quiet Place, Unit 3, a beautifully maintained, move-in ready townhome located at the prime intersection of Albert Street and Phillip Street in Waterloo's highly sought-after Lakeshore South neighbourhood. This stylish home offers exceptional value for first-time buyers, families, professionals, and investors alike. From the moment you arrive, you'll appreciate the attractive two-tone exterior, black-trimmed windows, and charming front garden that create outstanding curb appeal. Inside, a bright and welcoming foyer with updated flooring in 2022 and pot lights throughout leads into the spacious living room, where an oversized front window fills the space with abundant natural light. The open-concept layout is perfect for both everyday living and entertaining. The updated kitchen features modern cabinetry, stainless steel appliances, a stylish tile backsplash, and generous counter space, while the adjoining dining area overlooks the front garden, creating a bright and inviting setting for family meals. Upstairs, you'll find three generously sized bedrooms and a beautifully renovated bathroom complete with sleek finishes, a modern vanity, and a tiled glass-enclosed shower. The spacious primary bedroom offers plenty of room to relax, while the additional bedrooms are ideal for children, guests, or a home office. The finished basement provides valuable additional living space and features a separate side entrance, a large recreation room, a full bathroom, and ample storage, offering excellent flexibility for extended family, guests, or future potential. Ideally located just steps from Albert McCormick Community Centre, parks, shopping and two public schools, this home is also within walking distance of the ION LRT station, making commuting throughout Waterloo and Kitchener quick and convenient. Whether you're looking for your first home or an excellent investment opportunity, this is a property you won't want to miss. Book your showing today! (id:63159)
Listing Information
- MLS®
- 40858081
- Data last synced
- October 14, 2026
RE/MAX Twin City Realty Inc.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX Twin City Realty Inc.
MLS® Number: 40858081
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
$226/sqft
Building average
—
No other active listings in this building
442 - Lakeshore North average
$315/sqft
4 active listing(s)
Parking: 1 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: 5.0% ($20,250) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$324,000.00
Periodic payment — Principal & Interest (monthly)$2,090.34
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,008.35
Total monthly cost$3,098.69
Interest paid over 5-yr term$92,859.33
Balance at end of term$291,439.05
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$20,250
Stress test qualifying rate8.19%
Payment you must qualify for$2,983.25
Cash Needed at Closing
Minimum down payment$20,250
Estimated Land Transfer Tax (LTT)$4,575
Legal / closing costs (typical estimate)$1,500
Total cash needed$26,325
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.
