Property Type: Detached HouseOwnership: Freehold

294 ALGONQUIN Drive

Waterloo, BC N2L2S8

$1,470,000

4 bed2 bath8 parking2,663 sqftBuilt 1961
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Property Details

Property & Lot

Sub-type
House
Style
Bungalow
Stories
1
Frontage
100 feet

SR3

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$7,014

Interior

Basement
Finished, Full
Heating
Boiler, Natural gas
Cooling / A/C
Window air conditioner, None
Fireplace
None
Appliances
Washer, Refrigerator, Water softener, Hot Tub, Sauna, Central Vacuum, Dishwasher, Stove, Dryer, Garage door opener

Exterior & Lot

Exterior features
Wood, Brick
Lot features
Cul-de-sac, Ravine, Paved driveway, Automatic Garage Door Opener, Private Yard

Building

Water source
Municipal water
Sewer
Municipal sewage system

Parking

Total spaces
8 — covered indicated
Features
Attached Garage

Room Dimensions

RoomLevelDimensions
Utility roomBasement13'1'' x 12'7''
Cold roomBasement7'5'' x 14'0''
4pc BathroomBasement
BedroomBasement12'7'' x 12'9''
Recreation roomBasement22'1'' x 19'0''
BedroomBasement8'3'' x 16'10''
BedroomMain level13'3'' x 10'7''
Primary BedroomMain level18'7'' x 12'10''
3pc BathroomMain level
Laundry roomMain level5'2'' x 10'4''
KitchenMain level22'3'' x 10'10''
Dining roomMain level13'4'' x 12'11''
Living roomMain level19'5'' x 31'8''

Listing Information

MLS®
40836179
Listed
June 29, 2026
Time on market
On the market for 78 days
Data last synced
September 15, 2026

Listing provided by: Royal LePage Wolle Realty · Data source: CREA DDF.

Description

Architecturally Distinct Mid-Century Bungalow in Prestigious Beechwood. A rare opportunity to own a truly unique home in one of Waterloo's most sought-after neighbourhoods. Nestled within a private wooded enclave, this architecturally significant mid-century executive bungalow offers over 2,650 sq. ft. of thoughtfully designed living space and an exceptional connection to nature. Step inside and be captivated by soaring floor-to-ceiling windows that frame private views and fill the home with natural light. The spacious main level is designed for both everyday living and entertaining, featuring expansive principal rooms, a welcoming living and dining area with a striking double-sided fireplace, and multiple spaces to gather with family and friends. The lower level offers incredible flexibility with a walkout to the backyard, a large family room, two additional bedrooms or office, a full bathroom, and direct access to the garage—ideal for multi-generational living, guests, or a future in-law setup. Outside, enjoy your own private backyard retreat surrounded by mature trees, offering peace, privacy, and endless potential to create your dream outdoor oasis. Updates include windows, roof, hot water tank and boiler, electrical service, extensive landscaping. While some cosmetic updating may be desired, the home presents an outstanding opportunity to personalize a property with exceptional character in an unbeatable location. Virtual staging has been provided to show decorating potential. Situated just minutes from the University of Waterloo, top-rated schools, parks, trails, shopping, and amenities, this is a location rarely offered and highly coveted. Bring your vision and imagination or just move in—this remarkable Beechwood property is ready to become your forever home. (id:63159)

Values & Trends

This listing

$552/sqft

Building average

No other active listings in this building

417 - Beechwood/University average

$489/sqft

15 active listing(s)

Parking: 8 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

Mostly Cloudy

21°C

Mostly Cloudy

Humidity 54%

Wind S 26 km/h

Today

23°

Tonight

17°

Wednesday

26°

Wednesday night

12°

Thursday

24°

Thursday night

11°

Source: Environment and Climate Change Canada.

Population

126,356

(2021 Census)

+15.5% since 2016

Density: 1,656.3/km²

Dwellings: 54,453

Source: Statistics Canada, 2021 Census of Population.

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: 8.3% ($122,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,176,000.00
Periodic payment — Principal & Interest (monthly)$7,587.15
Additional monthly expenses (strata, tax, utilities, etc.)$717.50
Total monthly cost$8,304.65
Interest paid over 5-yr term$337,044.98
Balance at end of term$1,057,815.80

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$122,000
Stress test qualifying rate8.09%
Payment you must qualify for$10,365.65

Cash Needed at Closing

Minimum down payment$122,000
Estimated BC PTT$27,400
Legal / closing costs (typical estimate)$1,500
Total cash needed$150,900

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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