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Property Type: OtherOwnership: Leasehold
580 BEAVER CREEK Road Unit# 357
Waterloo, ON N2J3Z4
MLS® 40829006
$120,000
1 bed1 bath1 parking450 sqftBuilt 1994
Property Details
Property & Lot
- Sub-type
- Modular
- Style
- Bungalow
- Stories
- 1
- Frontage
- 0 feet
A
Ownership & Fees
- Property type
- Other
- Ownership
- Leasehold
Interior
- Basement
- None
- Heating
- Forced air, Propane
- Cooling / A/C
- Central air conditioning
- Fireplace
- None
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 4pc Bathroom | Main level | — |
| Living room | Main level | 11'5'' x 11'8'' |
| Dining room | Main level | 6'0'' x 6'0'' |
| Kitchen | Main level | 10'4'' x 11'4'' |
| Bedroom | Main level | 9'6'' x 10'9'' |
Description
Welcome to Green Acres Park — a cheerful and well-maintained park model home offering an affordable seasonal retreat in a friendly land lease community just minutes from city amenities. This cozy home has seen numerous thoughtful updates over the years, making it move-in ready and easy to enjoy. Recent improvements include a full interior refresh with updated paint, fixtures, switches and finishes, a newer furnace (2024), dishwasher (2025), updated laundry room flooring, and a charming built-in coffee bar with power tucked neatly into the cabinetry. Outside, enjoy the renovated deck and privacy fencing, planter boxes, steel skirting (2025), plus a newer roof and tube lights. The functional layout offers comfortable living space with bright interiors and low-maintenance outdoor enjoyment; perfect for downsizers, snowbirds, weekend escapes, or anyone seeking a simpler lifestyle close to nature and the city alike. Please note: this is a seasonal 10-month occupancy community and the park is closed annually during January and February. Buyers must also be aware that this property is located in a land lease community with annual fees applicable. 2026 annual contract fee: $11,606. Approximate total annual operating costs (including propane, hydro, insurance and land lease): $14,173/year or approximately $1,181/month... you won't find better value for accomodations in the Region of Waterloo! (id:63159)
Listing Information
- MLS®
- 40829006
- Data last synced
- September 15, 2026
RED AND WHITE REALTY INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RED AND WHITE REALTY INC.
MLS® Number: 40829006
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
$267/sqft
Building average
—
No other active listings in this building
441 - Erbsville/Laurelwood average
$172/sqft
5 active listing(s)
Parking: 1 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
No similar listings found nearby right now.
Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($6,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$96,000.00
Periodic payment — Principal & Interest (monthly)$619.36
Additional monthly expenses (condo fees, tax, utilities, etc.)$23.00
Total monthly cost$642.36
Interest paid over 5-yr term$27,513.88
Balance at end of term$86,352.31
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$6,000
Stress test qualifying rate8.19%
Payment you must qualify for$883.93
Cash Needed at Closing
Minimum down payment$6,000
Estimated Land Transfer Tax (LTT)$925
Legal / closing costs (typical estimate)$1,500
Total cash needed$8,425
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.