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Property Type: Detached HouseOwnership: Freehold
723 CHESAPEAKE Drive
Waterloo, ON N2K4G4
MLS® 40870601
$799,000
5 bed4.5 bath4 parking2,300 sqftBuilt 2001
Property Details
Property & Lot
- Sub-type
- House
- Style
- A-Frame
- Stories
- 2
- Frontage
- 43 feet
R
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Condo / maintenance fee
- $0/mo
- Annual property tax
- $6,960
Interior
- Basement
- Unfinished, Full
- Heating
- Forced air, Natural gas
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Second level | 11'4'' x 9'4'' |
| 5pc Ensuite bath | Second level | 9'9'' x 9'6'' |
| 3pc Bathroom | Second level | 5'1'' x 9'6'' |
| 3pc Bathroom | Second level | 5'6'' x 9'4'' |
| Bedroom | Second level | 11'4'' x 10'2'' |
| Bedroom | Second level | 12'2'' x 9'10'' |
| Bedroom | Second level | 10'1'' x 9'10'' |
| Primary Bedroom | Second level | 18'1'' x 13'10'' |
| Laundry room | Main level | 8'3'' x 9'1'' |
| 2pc Bathroom | Main level | 4'11'' x 6'0'' |
| Family room | Main level | 9'1'' x 20'10'' |
| Kitchen | Main level | 10'7'' x 13'2'' |
| Dining room | Main level | 10'0'' x 10'10'' |
Description
Room for the whole family at 723 Chesapeake Dr in Eastbridge! This stunning 5-bed, 4-bath residence is perfectly suited for a bigger family, boasting an ideal blend of comfort and functionality. Enjoy formal and informal living spaces, a spacious kitchen with a brand-new range hood, double garage, and carpet-free flooring throughout. Freshly refreshed and ready for its next chapter. Big-ticket items are handled—newer roof (2020) plus a 6-year-old furnace and A/C. With four full baths, everyone gets their own space and privacy. The spacious backyard offers plenty of room for entertaining, play, or quiet relaxation. Families will appreciate the proximity to Millen Woods P.S. and Bluevale C.I., while the short commute to Wilfrid Laurier University and the University of Waterloo, and easy access to Highway 85, add everyday convenience. RIM Park is right nearby with its 500 acres of recreation—ice rinks, indoor walking track, and outdoor fields. Shop at Conestoga Mall, and step onto the Grand River trails for walking, cycling, or kayaking on the heritage river. Move-in ready and waiting. (id:63161)
Listing Information
- MLS®
- 40870601
- Data last synced
- October 28, 2026
Homelife Landmark Realty Inc
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Homelife Landmark Realty Inc
MLS® Number: 40870601
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
$347/sqft
Building average
—
No other active listings in this building
118 - Colonial Acres/East Bridge average
$385/sqft
18 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: 6.9% ($54,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$639,200.00
Periodic payment — Principal & Interest (monthly)$4,123.90
Additional monthly expenses (condo fees, tax, utilities, etc.)$695.00
Total monthly cost$4,818.90
Interest paid over 5-yr term$183,196.56
Balance at end of term$574,962.47
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$54,900
Stress test qualifying rate8.19%
Payment you must qualify for$5,769.56
Cash Needed at Closing
Minimum down payment$54,900
Estimated Land Transfer Tax (LTT)$12,455
Legal / closing costs (typical estimate)$1,500
Total cash needed$68,855
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.
