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Property Type: Detached HouseOwnership: Freehold
532 WESTVALE Drive
Waterloo, ON N2T2B7
MLS® 40869885
$755,000
3 bed3.5 bath3 parking1,825 sqftBuilt 1988
Property Details
Property & Lot
- Sub-type
- House
- Style
- Cape Cod
- Stories
- 2
- Frontage
- 36 feet
R2
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $5,557.17
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 3pc Bathroom | Basement | — |
| Laundry room | Basement | 8'3'' x 12'4'' |
| Recreation room | Basement | 9'11'' x 23'10'' |
| 4pc Bathroom | Second level | — |
| Primary Bedroom | Second level | 9'11'' x 18'5'' |
| Bedroom | Second level | 10'1'' x 13'3'' |
| Bedroom | Second level | 8'9'' x 10'0'' |
| 2pc Bathroom | Main level | — |
| Kitchen | Main level | 9'9'' x 14'1'' |
| Dining room | Main level | 9'9'' x 10'4'' |
| Living room | Main level | 10'4'' x 15'7'' |
Description
Welcome to wonderful Westvale in west Waterloo! Family oriented community with local primary schools within walking distance. Red River Park and walking trails throughout the subdivision are ready for families to explore throughout the seasons. This classy updated two storey Cape Cod home features newer(2025) vinyl plank flooring across the main level to the upper staircase and bedroom hallway. Awesome custom kitchen (Completed in 2026 by respected cabinet maker Marvin Weber Inc.), featuring timeless quartz countertops, coordinating backsplash tile to the ceiling, sconce lighting, soft close cabinetry, pantry cupboards plus a beverage cooler. Check out the new 6 burner gas cooktop flanked by side shelving perfect for your cooking oils & spices. Your first dinner party will be a hit! Step through newer garden doors onto a wide composite deck overlooking a private, landscaped fully fenced yard with two sturdy sheds for storage. Lots of room to relax & enjoy! There is a gas BBQ hookup too! Three bedrooms on the upper level are carpet free. The primary suite offers a cozy dormer nook and a spacious wall-to-wall closet with custom organizers. One bedroom easily serves as a home office. Fully finished rec room with electric fireplace, a 3-piece bathroom plus a dedicated laundry room complete with handy work surfaces and extra storage cabinets are found on the basement level. Strong amenities surround this desirable subdivision. The closest is the Beechwood Zehr's Plaza, to the west is Costco & The Boardwalk, to the north is the Laurelwood Plaza, & Harper Branch Library with Recreation Centre, and to the east you are less than a 10 minute drive to Uptown Waterloo. Both the University of Waterloo & Laurier can be reached within minutes depending on your travel choice. Make your next move to Westvale! (id:63161)
Listing Information
- MLS®
- 40869885
- Data last synced
- October 28, 2026
Coldwell Banker Peter Benninger Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Coldwell Banker Peter Benninger Realty
MLS® Number: 40869885
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
$414/sqft
Building average
—
No other active listings in this building
439 - Westvale average
$437/sqft
14 active listing(s)
Parking: 3 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: 6.7% ($50,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$604,000.00
Periodic payment — Principal & Interest (monthly)$3,896.80
Additional monthly expenses (condo fees, tax, utilities, etc.)$554.10
Total monthly cost$4,450.90
Interest paid over 5-yr term$173,108.14
Balance at end of term$543,299.95
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$50,500
Stress test qualifying rate8.19%
Payment you must qualify for$5,462.51
Cash Needed at Closing
Minimum down payment$50,500
Estimated Land Transfer Tax (LTT)$11,575
Legal / closing costs (typical estimate)$1,500
Total cash needed$63,575
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.
