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Property Type: TownhouseOwnership: FreeholdNEW LISTING
548 MARINER DRIVE
Waterloo, ON N2K3Y8
MLS® X14122420
38
Walk Score
40
Transit
52
Bike
$588,000
3 bed3.5 bath2 parking
38
Walk Score
40
Transit
52
Bike
Property Details
Property & Lot
- Sub-type
- Row / Townhouse
- Stories
- 2
- Lot size
- 27.9 x 114.8 FT
- Frontage
- 27.1 feet
Ownership & Fees
- Property type
- Townhouse
- Ownership
- Freehold
- Annual property tax
- $4,124.91
Interior
- Basement
- Finished, N/A
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | — |
| Dining room | Main level | — |
| Kitchen | Main level | — |
| Primary Bedroom | Second level | — |
| Bedroom 2 | Second level | — |
| Bedroom 3 | Second level | — |
Description
Welcome to this beautifully updated and freshly painted 3-bedroom, 3-bathroom Townhouse, offering a bright, spacious, and functional layout perfect for families, professionals, or investors. This well-maintained home is backing directly onto a park, providing a peaceful setting with added privacy and green space right outside your door. Located in a highly desirable, family-friendly neighbourhood and within the boundary of Lester B. Pearson Public School, this home offers excellent access to schools, parks, shopping, restaurants, public transit, and everyday amenities. Conveniently located close to University of Waterloo, Wilfrid Laurier University, and Conestoga College, making it an excellent choice for families, university professionals, students, or investors. Enjoy the perfect combination of a quiet residential setting while still being minutes from Waterloo's major educational institutions and amenities. Move-in ready, freshly updated, backing onto green space, and ideally located - a wonderful opportunity to call Waterloo home! (id:63161)
Listing Information
- MLS®
- X14122420
- Data last synced
- October 28, 2026
RE/MAX EXCEL REALTY LTD.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX EXCEL REALTY LTD.
MLS® Number: X14122420
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 Toronto Regional Real Estate Board.
Values & Trends
This listing
—
Building average
—
No other active listings in this building
Waterloo average
$362/sqft
90 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:
Similar Listings Nearby
Similar active properties nearby based on property type, price, and size.
156 m away
Mortgage & Ownership Cost Calculator
Minimum required: 5.7% ($33,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$470,400.00
Periodic payment — Principal & Interest (monthly)$3,034.86
Additional monthly expenses (condo fees, tax, utilities, etc.)$343.74
Total monthly cost$3,378.60
Interest paid over 5-yr term$134,817.99
Balance at end of term$423,126.32
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$33,800
Stress test qualifying rate8.19%
Payment you must qualify for$4,297.12
Cash Needed at Closing
Minimum down payment$33,800
Estimated Land Transfer Tax (LTT)$8,235
Legal / closing costs (typical estimate)$1,500
Total cash needed$43,535
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.
