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Property Type: Detached HouseOwnership: Freehold
563 WOOLGRASS Avenue
Waterloo, ON N2V2Y2
MLS® 40853180
$1,045,000
4 bed4.5 bath4 parking2,847 sqftBuilt 2008
Property Details
Property & Lot
- Sub-type
- House
- Style
- Other
- Stories
- 2
- Lot size
- 0.11 acres
- Frontage
- 40 feet
50-R5
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $7,333.17
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 4pc Bathroom | Second level | — |
| 2pc Bathroom | Main level | — |
| Bedroom | Second level | 10'4'' x 11'4'' |
| Bedroom | Second level | 13'0'' x 12'9'' |
| Bedroom | Second level | 9'10'' x 12'7'' |
| Primary Bedroom | Second level | 11'11'' x 21'2'' |
| 5pc Ensuite bath | Second level | — |
| Laundry room | Main level | — |
| Family room | Main level | 20'9'' x 12'0'' |
| Dining room | Main level | 12'2'' x 11'8'' |
| Living room | Main level | 11'11'' x 13'3'' |
| Kitchen | Main level | 11'1'' x 20'11'' |
| 3pc Bathroom | Lower level | — |
| Recreation room |
Description
Welcome to this beautiful custom built 4 bedroom, 4 bathroom home backing on greenbelt! Located in the sought after Laurelwood community, and one of Waterloo's top rated school districts. Just minutes from excellent schools, Costco, shopping, and walking trails, this home offers the perfect blend of comfort, style, and convenience. The bright, open concept main floor is designed for both everyday living and entertaining. A spacious family room overlooks the peaceful, private greenbelt backyard, creating a warm and relaxing space to gather with family and friends. Rich cherry hardwood floors flow throughout the main living and dining areas, beautifully complemented by granite countertops and elegant crystal light fixtures. Step out onto the quiet main floor balcony, the perfect spot to enjoy your morning coffee or relax in the evening. Upstairs, the spacious primary suite is your own private retreat, featuring a walk-in closet and a luxurious 5-piece ensuite. Three additional generously sized bedrooms and a well appointed 4-piece bathroom provide plenty of space and comfort for family and guests. The fully finished basement provides a large recreation room with endless possibilities, whether you need a home theatre, games room, gym, or extra living space. Additional features include 9 foot ceilings, a central vacuum system, an oversize double garage with plenty of storage, and a beautiful stone and brick exterior. The professionally landscaped interlock stone driveway and backyard patio add outstanding curb appeal and create the perfect outdoor space for relaxing or entertaining. This exceptional home combines timeless elegance with modern comfort in one of Waterloo's most desirable neighbourhoods. A wonderful place to call home! (id:63159)
Listing Information
- MLS®
- 40853180
- Data last synced
- October 19, 2026
RE/MAX SOLID GOLD REALTY (II) LTD.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX SOLID GOLD REALTY (II) LTD.
MLS® Number: 40853180
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
$367/sqft
Building average
—
No other active listings in this building
443 - Columbia Forest/Clair Hills average
$404/sqft
41 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: 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: 7.6% ($79,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$836,000.00
Periodic payment — Principal & Interest (monthly)$5,393.59
Additional monthly expenses (condo fees, tax, utilities, etc.)$753.10
Total monthly cost$6,146.69
Interest paid over 5-yr term$239,600.00
Balance at end of term$751,984.70
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$79,500
Stress test qualifying rate8.19%
Payment you must qualify for$7,486.24
Cash Needed at Closing
Minimum down payment$79,500
Estimated Land Transfer Tax (LTT)$17,375
Legal / closing costs (typical estimate)$1,500
Total cash needed$98,375
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.
