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Property Type: Detached HouseOwnership: Freehold
537 MILLSTREAM Drive
Waterloo, ON N2K0E2
MLS® 40852958
$1,339,000
5 bed5.5 bath4 parking4,060 sqftBuilt 2017
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 2
- Lot size
- 0.22 acres
- Frontage
- 24 feet
SD
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $10,999.76
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 5pc Bathroom | Main level | — |
| 5pc Bathroom | Second level | — |
| 3pc Bathroom | Basement | — |
| Bedroom | Basement | 13'0'' x 13'4'' |
| Recreation room | Basement | 16'5'' x 31'1'' |
| 5pc Bathroom | Second level | — |
| Bedroom | Second level | 12'0'' x 12'5'' |
| Bedroom | Second level | 11'11'' x 13'2'' |
| Bedroom | Second level | 13'8'' x 12'0'' |
| Primary Bedroom | Second level | 20'4'' x 16'2'' |
| 2pc Bathroom | Main level | — |
| Office | Main level | 9'8'' x 10'6'' |
| Dining room | Main level | 13'8'' x 10'9'' |
| Great room |
Description
Carriage Crossing dream home! Prestigious neighborhoods, oversized corner lot w/ easy access to the park& walking trails, this stunning, custom-built luxury home is loaded w/ upgrades & designer finishes throughout. Offering over 4,000 SF of beautifully finished living space & featuring 4+1 bdrms, & 4+1baths, this home is truly one-of-a-kind. Main floor hrdwd & porcelain tile, designer lighting, pot lights, crown moulding & custom window treatments. Kitchen, is complete w/ large central island, premium appliances, quartz counters, & a generous breakfast area w/ walkout to the deck & backyard. A main-floor office with future potential to convert to a bedroom. Upstairs, the luxurious primary suite features custom millwork, two over-sized walk-in closets/dressing room w/ built-ins, & a spa-like ensuite w/ soaker tub, double vanity, & glass shower, another bedroom w/ 3pce ensuite, and 2 other bedrooms with a 5-pce Jack and Jill bath. The finished basement features a spacious rec rm, 1 bedroom w/ 3-pce bathroom. Covered deck, fenced back yard. Close to top-rated schools, area workplaces, universities, RIM Park, Grey Silo Golf Club, Walter Bean Trail, Farmers Market, & all popular amenities. Quick HWY access. You will fall in love w/this spectacular home! (id:63159)
Listing Information
- MLS®
- 40852958
- Data last synced
- October 5, 2026
HOMELIFE LANDMARK REALTY INC
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: HOMELIFE LANDMARK REALTY INC
MLS® Number: 40852958
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
$330/sqft
Building average
—
No other active listings in this building
118 - Colonial Acres/East Bridge average
$386/sqft
18 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: 8.1% ($108,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$1,071,200.00
Periodic payment — Principal & Interest (monthly)$6,911.02
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,119.65
Total monthly cost$8,030.67
Interest paid over 5-yr term$307,009.00
Balance at end of term$963,547.86
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$108,900
Stress test qualifying rate8.19%
Payment you must qualify for$9,537.88
Cash Needed at Closing
Minimum down payment$108,900
Estimated Land Transfer Tax (LTT)$23,255
Legal / closing costs (typical estimate)$1,500
Total cash needed$133,655
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.
