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Property Type: Detached HouseOwnership: Freehold
575 VIOLET Street
Waterloo, ON N2V2T8
MLS® 40852869
$879,000
3 bed4.5 bath3 parking2,854 sqftBuilt 2004
Property Details
Property & Lot
- Sub-type
- House
- Style
- Other
- Stories
- 2
- Frontage
- 30 feet
FR50
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $5,857.94
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Utility room | Basement | 21'1'' x 7'9'' |
| Other | Basement | 5'2'' x 7'4'' |
| 4pc Bathroom | Basement | 5'11'' x 7'1'' |
| Recreation room | Basement | 23'3'' x 20'0'' |
| Family room | Second level | 18'2'' x 11'5'' |
| 4pc Bathroom | Second level | 9'11'' x 5'3'' |
| Bedroom | Second level | 9'9'' x 10'8'' |
| Bedroom | Second level | 12'11'' x 9'4'' |
| 4pc Ensuite bath | Second level | 11'0'' x 6'4'' |
| Primary Bedroom | Second level | 15'0'' x 14'5'' |
| Foyer | Main level | 6'5'' x 8'3'' |
| 2pc Bathroom | Main level | 8'6'' x 3'3'' |
| Dining room | Main level | 11'11'' x 8'3'' |
Description
Discover the perfect home for you and your family! This stunning 3-bedroom, 2800 square feet living space residence offers everything you've been dreaming of and more. Nestled against a serene greenbelt, high end interlock driveway, this property features a fully finished walk-out basement with 3 piece bathroom and wet bar, composite deck, and an open concept design that makes it an ideal choice for families and investors alike. This home is perfectly situated in a sought-after location with one of the best public elementary schools just a stone's throw away. Surrounded by convenience, you'll find parks, a university, a mall, and major highways in close proximity, making daily life a breeze. With its family-oriented neighbourhood and prime location, this property is an excellent choice for families looking to settle down in a peaceful and friendly community. Additionally, the potential for a great return on investment makes it a lucrative opportunity for investors seeking a valuable property. Don't miss out on the chance to call this remarkable property your own or to make a wise investment move. Act quickly, as opportunities like this don't come around often! Upgrades include: STOVE 2021, WASHER AND DRYER 2019, REFRIGERATOR 2020, SHINGLE 2018, INTERLOCK DRIVEWAY 2020 (id:63159)
Listing Information
- MLS®
- 40852869
- Data last synced
- October 10, 2026
Royal LePage Wolle Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Royal LePage Wolle Realty
MLS® Number: 40852869
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
$308/sqft
Building average
—
No other active listings in this building
443 - Columbia Forest/Clair Hills average
$407/sqft
41 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: 7.2% ($62,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$703,200.00
Periodic payment — Principal & Interest (monthly)$4,536.81
Additional monthly expenses (condo fees, tax, utilities, etc.)$631.16
Total monthly cost$5,167.97
Interest paid over 5-yr term$201,539.14
Balance at end of term$632,530.67
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$62,900
Stress test qualifying rate8.19%
Payment you must qualify for$6,327.83
Cash Needed at Closing
Minimum down payment$62,900
Estimated Land Transfer Tax (LTT)$14,055
Legal / closing costs (typical estimate)$1,500
Total cash needed$78,455
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.
