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Property Type: Detached HouseOwnership: Freehold
697 RHINE FALL DRIVE
Waterloo, ON N2V2V5
MLS® X14085350
$875,000
4 bed2.5 bath4 parking
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 2
- Lot size
- 34.7 x 136.8 FT
- Frontage
- 34.8 feet
R2
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $8,721.26 (2026)
Interior
- Basement
- Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Foyer | Main level | — |
| Bedroom | Second level | — |
| Bedroom | Second level | — |
| Bedroom | Second level | — |
| Bathroom | Basement | — |
| Bathroom | Main level | — |
| Workshop | Basement | — |
| Utility room | Basement | — |
| Living room | Main level | — |
| Family room | Main level | — |
| Kitchen | Main level | — |
| Laundry room | Main level | — |
| Eating area | Main level | — |
| Bathroom | Second level | — |
Description
Welcome to 697 Rhine Fall Drive, a charming two-storey home in the sought-after Clair Hills neighbourhood. Featuring 2,509 sq. ft. of above-grade finished living space, this home offers 4 bedrooms and 4 bathrooms. The bright, open-concept eat-in kitchen features stainless-steel appliances and opens to the adjoining family room, while separate living and dining rooms provide additional space for entertaining. The spacious principal bedroom offers a customized closet, an ensuite with double sinks, and peaceful views of the woods. The professionally finished basement features a large recreation room, custom bar/kitchenette with a full-size refrigerator, gas fireplace, and a 3-piece bathroom with heated floors and a full Mirolin shower unit. Updates include a new roof in 2020, a furnace and air conditioning system updated in 2025, and 200-amp electrical service.Enjoy outdoor living on the deck overlooking a private backyard backing onto a tranquil forest and trail system. The deck features a shaded gazebo and gas line for BBQs, perfect for entertaining family and friends. A custom laundry/mudroom with ample storage and a premium washer and dryer adds everyday convenience. Ideally located near Vista Hills Public School, SJAM, and the University of Waterloo, with easy access to Costco and the shopping, dining, and medical services at The Boardwalk. Enjoy comfortable family living in a peaceful setting close to everyday amenities. Appliances and fireplaces are included in their current as-is condition. (id:63159)
Listing Information
- MLS®
- X14085350
- Tax assessment year
- 2026
- Data last synced
- October 19, 2026
EXP REALTY
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: EXP REALTY
MLS® Number: X14085350
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
$436/sqft
188 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:
Similar Listings Nearby
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631 m away
Mortgage & Ownership Cost Calculator
Minimum required: 7.1% ($62,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$700,000.00
Periodic payment — Principal & Interest (monthly)$4,516.16
Additional monthly expenses (condo fees, tax, utilities, etc.)$726.77
Total monthly cost$5,242.93
Interest paid over 5-yr term$200,622.01
Balance at end of term$629,652.26
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$62,500
Stress test qualifying rate8.19%
Payment you must qualify for$6,299.91
Cash Needed at Closing
Minimum down payment$62,500
Estimated Land Transfer Tax (LTT)$13,975
Legal / closing costs (typical estimate)$1,500
Total cash needed$77,975
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.
