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Property Type: Detached HouseOwnership: Freehold
723 MUNICH Circle
Waterloo, ON N2V2N6
MLS® 40872029
30
Walk Score
35
Transit
50
Bike
$1,095,000
4 bed4.5 bath4 parking2,198 sqftBuilt 2003
30
Walk Score
35
Transit
50
Bike
Property Details
Property & Lot
- Sub-type
- House
- Style
- Other
- Stories
- 2
- Frontage
- 43 feet
R
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $6,312
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Basement | 10'0'' x 12'5'' |
| Living room | Main level | 12'0'' x 16'10'' |
| Dining room | Main level | 9'5'' x 18'0'' |
| Kitchen | Main level | 12'10'' x 14'11'' |
| 5pc Bathroom | Second level | — |
| 4pc Bathroom | Second level | — |
| 3pc Bathroom | Basement | — |
| 2pc Bathroom | Main level | — |
| Bedroom | Second level | 11'7'' x 11'2'' |
| Bedroom | Second level | 11'3'' x 14'2'' |
| Bedroom | Second level | 17'6'' x 14'1'' |
Description
Welcome to this beautifully upgraded, carpet-free home in the highly desirable community of Clair Hills! Thoughtfully designed and meticulously maintained, this exceptional home offers a perfect blend of style, comfort and functionality. The professionally renovated chef's kitchen, completed in 2020, is a true showstopper, featuring granite and quartz countertops, quality finishes and plenty of space for entertaining and everyday family living. All bathrooms throughout the home have been updated, including the impressive 5 piece primary ensuite, creating a stylish and comfortable retreat. California shutters throughout add timeless elegance while providing privacy and light control. Offering additional peace of mind for the next owner is the updated roof. Enjoy the incredible lifestyle this location offers, with access to some of the best schools in the city, local shopping and the beautiful Geo Time Trail just steps from your door, offering endless opportunities for biking, hiking and exploring nature. Step outside to your own private backyard oasis. The front and back yard landscaping were fully updated, creating a beautiful, low-maintenance outdoor retreat surrounded by mature trees and designed for relaxing and entertaining. Professionally installed in 2024, the impressive 18-foot swim spa is a spectacular addition, providing the perfect place for swimming, unwinding and enjoying time with family and friends year-round, while requiring very little maintenance. A rare opportunity to own a fully upgraded, carpet-free home in one of Waterloo's most sought-after neighbourhoods, combining beautiful finishes, updated bathrooms, a professionally renovated kitchen, recent major improvements, incredible outdoor living and an unbeatable connection to nature. (id:63161)
Listing Information
- MLS®
- 40872029
- Data last synced
- October 25, 2026
Comfree
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Comfree
MLS® Number: 40872029
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
$498/sqft
Building average
—
No other active listings in this building
443 - Columbia Forest/Clair Hills average
$398/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: Cambridge
3°C
Fog
Humidity 98%
Wind NE calm km/h
Today
20°
Tonight
5°
Friday
12°
Friday night
-2°
Saturday
14°
Saturday night
3°
Source: Environment and Climate Change Canada.
Population
126,356
(2021 Census)
+15.5% since 2016
Similar Listings Nearby
Similar active properties nearby based on property type, price, and size.
Mortgage & Ownership Cost Calculator
Minimum required: 7.7% ($84,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$876,000.00
Periodic payment — Principal & Interest (monthly)$5,651.65
Additional monthly expenses (condo fees, tax, utilities, etc.)$636.00
Total monthly cost$6,287.65
Interest paid over 5-yr term$251,064.12
Balance at end of term$787,964.83
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$84,500
Stress test qualifying rate8.19%
Payment you must qualify for$7,835.16
Cash Needed at Closing
Minimum down payment$84,500
Estimated Land Transfer Tax (LTT)$18,375
Legal / closing costs (typical estimate)$1,500
Total cash needed$104,375
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.
