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Property Type: Detached HouseOwnership: Freehold
553 WATERTON Drive
Waterloo, ON N2V2K5
MLS® 40864986
$949,000
3 bed3.5 bath5 parking2,250 sqftBuilt 2001
Property Details
Property & Lot
- Sub-type
- House
- Style
- Other
- Stories
- 2
- Frontage
- 48 feet
R
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $6,416.53
Interior
- Basement
- Unfinished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Other | Basement | 25'9'' x 40'1'' |
| 4pc Bathroom | Second level | — |
| Family room | Second level | 15'9'' x 22'0'' |
| Bedroom | Second level | 10'11'' x 12'2'' |
| Bedroom | Second level | 11'1'' x 13'1'' |
| Laundry room | Second level | 5'11'' x 7'3'' |
| 3pc Bathroom | Second level | — |
| Primary Bedroom | Second level | 15'9'' x 15'11'' |
| Kitchen | Main level | 12'0'' x 12'1'' |
| 2pc Bathroom | Main level | — |
| Dining room | Main level | 10'7'' x 12'1'' |
| Living room | Main level | 13'7'' x 26'1'' |
| Foyer | Main level | 7'6'' x 7'9'' |
Description
Welcome to 553 Waterton Drive, a beautifully upgraded 2,250 sq. ft. two-storey home on a premium 48-foot lot in Waterloo’s desirable Conservation Meadows community. Featuring a wider garage and triple-width driveway, this property is within walking distance of Laurel Creek Conservation Area, scenic trails and parks, while remaining close to amenities and the expressway. The main floor offers a spacious living room with a gas fireplace, an oak kitchen with quartz countertops and stainless steel appliances, including a gas stove, and a bright dinette with a walkout to the backyard. Luxury vinyl flooring, pot lights and California shutters are featured throughout. Upstairs offers three spacious bedrooms, convenient laundry and a large bonus family room with a vaulted ceiling. The primary bedroom includes a luxury ensuite. The ensuite and guest bathroom feature upgraded standing showers. All three bathrooms include quartz countertops, modern hardware and updated plumbing fixtures. Additional features include iron railings, updated door hardware, a humidifier and a seven-stage reverse-osmosis water system. The landscaped backyard is ideal for entertaining, with a new gazebo on a stamped-concrete platform, an extra-wide wooden deck, a brushed-concrete walkway, stone gardens and ornamental trees, including rare Japanese maples. The brick-and-stucco exterior features pot lights and wireless security cameras with dual video doorbells. The garage includes epoxy flooring, a new garage door, a smart opener with video and remote access, and a separate side entrance. Smart locks are installed on the main and garage entry doors. Other updates include a new patio door, newer living-room windows and a roof replaced in 2018. A spacious, extensively upgraded home surrounded by nature and minutes from everything Waterloo has to offer. (id:63161)
Listing Information
- MLS®
- 40864986
- Data last synced
- October 26, 2026
Living Stone Realty Inc.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Living Stone Realty Inc.
MLS® Number: 40864986
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
$422/sqft
Building average
—
No other active listings in this building
441 - Erbsville/Laurelwood average
$413/sqft
19 active listing(s)
Parking: 5 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: 7.4% ($69,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$759,200.00
Periodic payment — Principal & Interest (monthly)$4,898.10
Additional monthly expenses (condo fees, tax, utilities, etc.)$647.71
Total monthly cost$5,545.81
Interest paid over 5-yr term$217,588.90
Balance at end of term$682,902.86
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$69,900
Stress test qualifying rate8.19%
Payment you must qualify for$6,816.31
Cash Needed at Closing
Minimum down payment$69,900
Estimated Land Transfer Tax (LTT)$15,455
Legal / closing costs (typical estimate)$1,500
Total cash needed$86,855
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.
