Property Type: Detached HouseOwnership: Freehold

229 WINFIELD Avenue

Waterloo, BC N2J3M8

$693,000

2 bed2 bath4 parking2,566 sqftBuilt 1963
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Property Details

Property & Lot

Sub-type
House
Style
Bungalow
Stories
1
Frontage
68 feet

SR2

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$5,456.91

Interior

Basement
Finished, Full
Heating
Forced air, Natural gas
Cooling / A/C
Central air conditioning
Fireplace
Yes (2)
Fireplace type
Wood, Other - See remarks
Appliances
Water softener

Exterior & Lot

Exterior features
Brick Veneer
Pool
Indoor pool

Building

Foundation
Poured Concrete
Water source
Municipal water
Sewer
Municipal sewage system

Parking

Total spaces
4

Room Dimensions

RoomLevelDimensions
3pc BathroomMain level
Primary BedroomMain level9'3'' x 17'11''
BedroomMain level9'11'' x 13'0''
Dining roomMain level9'4'' x 13'8''
Living roomMain level13'5'' x 19'4''
KitchenMain level9'11'' x 13'7''
Family roomMain level11'4'' x 28'9''
3pc BathroomBasement
OtherBasement8'9'' x 10'2''
Recreation roomBasement13'2'' x 21'3''
Family roomBasement13'2'' x 13'6''
Laundry roomBasement9'10'' x 12'10''
Bonus RoomBasement7'6'' x 13'1''

Listing Information

MLS®
40859251
Listed
August 29, 2026
Time on market
On the market for 16 days
Data last synced
September 15, 2026

Listing provided by: MCINTYRE REAL ESTATE SERVICES INC. · Data source: CREA DDF.

Description

This detached bungalow in the desirable Lincoln Heights area of Waterloo offers an excellent opportunity for buyers looking to add their own finishing touches. Situated on a large lot with an inground pool, the spacious home features a bright, sunlit layout with plenty of potential. The main floor could easily be converted to accommodate a third bedroom, while the basement offers a separate entrance, rough-in for a second kitchen, and the potential for additional living space or a duplex, subject to the necessary approvals. The home also features a wood-burning fireplace on the main level and a gas fireplace in the basement. Being sold “as is,” this property is ideal for buyers with a creative vision who are ready to renovate and transform it into an amazing home. The potential is definitely there! (id:63159)

Values & Trends

This listing

$270/sqft

Building average

No other active listings in this building

116 - Glenridge/Lincoln Heights average

$423/sqft

23 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

13°C

Humidity 88%

Wind SE 2 km/h

Today

23°

Tonight

17°

Wednesday

26°

Wednesday night

12°

Thursday

25°

Thursday night

13°

Source: Environment and Climate Change Canada.

Nearby Schools

No schools found within a reasonable distance of this property.

Nearby Transit

No TransLink stops within an ~10-minute walk.

Mortgage & Ownership Cost Calculator

Minimum required: 6.4% ($44,300) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$554,400.00
Periodic payment — Principal & Interest (monthly)$3,576.80
Additional monthly expenses (strata, tax, utilities, etc.)$582.74
Total monthly cost$4,159.54
Interest paid over 5-yr term$158,892.63
Balance at end of term$498,684.59

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$44,300
Stress test qualifying rate8.09%
Payment you must qualify for$4,988.28

Cash Needed at Closing

Minimum down payment$44,300
Estimated BC PTT$11,860
Legal / closing costs (typical estimate)$1,500
Total cash needed$57,660

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. Verify all figures with a mortgage broker and lawyer before relying on them.

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