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Property Type: Detached HouseOwnership: Freehold
516 PREAKNESS Street
Waterloo, ON N2K0C1
MLS® 40860808
$1,369,900
4 bed3.5 bath4 parking2,532 sqft
Property Details
Property & Lot
- Sub-type
- House
- Style
- Other
- Stories
- 2
- Frontage
- 47 feet
R4
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $8,794.08
Interior
- Basement
- Unfinished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 2pc Bathroom | Main level | — |
| 5pc Bathroom | Second level | — |
| 5pc Bathroom | Second level | — |
| Bedroom | Second level | 13'1'' x 13'3'' |
| Primary Bedroom | Second level | 16'0'' x 20'3'' |
| Bedroom | Second level | 10'8'' x 10'4'' |
| Bedroom | Second level | 14'3'' x 11'11'' |
| Mud room | Main level | 7'2'' x 9'6'' |
| Kitchen/Dining room | Main level | 13'7'' x 20'7'' |
| Living room | Main level | 15'8'' x 18'2'' |
| Office | Main level | 9'10'' x 8'11'' |
Description
Welcome to this exceptional custom-built residence in prestigious Woolwich Estates, where timeless design, impeccable craftsmanship and thoughtful details create a truly remarkable home. From the impressive foyer, the main floor unfolds beautifully with a private office, spacious mudroom, and showstopping chef’s kitchen featuring quartz countertops and a walk-in pantry. The inviting living room, anchored by a gas fireplace, opens seamlessly to the covered patio, creating an effortless connection between indoor and outdoor living. Upstairs, four generous bedrooms offer exceptional space for family and guests. The luxurious primary retreat features a spa-inspired ensuite and walk-in closet, while the second and third bedrooms share a convenient Jack-and-Jill ensuite. The breathtaking backyard oasis designed for unforgettable summers and effortless entertaining, this private resort-like retreat features a sparkling pool, hot tub and fabulous covered entertaining space. Whether hosting a crowd, enjoying long summer evenings poolside or simply unwinding at home, this backyard offers an extraordinary lifestyle rarely found. This spectacular home perfectly blends luxury, comfort and exceptional indoor-outdoor living. (id:63159)
Listing Information
- MLS®
- 40860808
- Data last synced
- October 19, 2026
Chestnut Park Realty Southwestern Ontario Limited
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Chestnut Park Realty Southwestern Ontario Limited
MLS® Number: 40860808
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
$541/sqft
Building average
—
No other active listings in this building
120 - Lexington/Lincoln Village average
$400/sqft
21 active listing(s)
Parking: 4 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: 8.2% ($111,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$1,095,920.00
Periodic payment — Principal & Interest (monthly)$7,070.50
Additional monthly expenses (condo fees, tax, utilities, etc.)$859.84
Total monthly cost$7,930.34
Interest paid over 5-yr term$314,093.82
Balance at end of term$985,783.58
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$111,990
Stress test qualifying rate8.19%
Payment you must qualify for$9,753.51
Cash Needed at Closing
Minimum down payment$111,990
Estimated Land Transfer Tax (LTT)$23,873
Legal / closing costs (typical estimate)$1,500
Total cash needed$137,363
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.
