Property Type: Detached HouseOwnership: FreeholdNEW LISTING

516 PREAKNESS Street

Waterloo, BC N2K0C1

$1,399,900

4 bed3.5 bath4 parking2,532 sqft
Get Directions

Property Details

Property & Lot

Sub-type
House
Style
Other
Stories
2
Frontage
47 feet

R4

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$8,794.08

Interior

Basement
Unfinished, Full
Heating
Forced air, Natural gas
Cooling / A/C
Central air conditioning
Fireplace
None
Appliances
Washer, Refrigerator, Hot Tub, Central Vacuum, Dishwasher, Stove, Dryer, Microwave, Hood Fan, Window Coverings, Garage door opener

Exterior & Lot

Exterior features
Brick, Vinyl siding
Pool
Inground pool
Lot features
Paved driveway, Automatic Garage Door Opener

Building

Foundation
Poured Concrete
Water source
Municipal water
Sewer
Municipal sewage system

Parking

Total spaces
4 — covered indicated
Features
Attached Garage

Room Dimensions

RoomLevelDimensions
2pc BathroomMain level
5pc BathroomSecond level
5pc BathroomSecond level
BedroomSecond level13'1'' x 13'3''
Primary BedroomSecond level16'0'' x 20'3''
BedroomSecond level10'8'' x 10'4''
BedroomSecond level14'3'' x 11'11''
Mud roomMain level7'2'' x 9'6''
Kitchen/Dining roomMain level13'7'' x 20'7''
Living roomMain level15'8'' x 18'2''
OfficeMain level9'10'' x 8'11''

Listing Information

MLS®
40860808
Listed
September 10, 2026
Time on market
On the market for 4 days
Data last synced
September 15, 2026

Listing provided by: Chestnut Park Realty Southwestern Ontario Limited · Data source: CREA DDF.

Description

Welcome to this exceptional custom-built residence in prestigious Woolwich Estates, where timeless design, impeccable craftsmanship and thoughtful details create a truly remarkable home. From the impressive foyer, the main floor unfolds beautifully with a private office, spacious mudroom, and showstopping chef’s kitchen featuring quartz countertops and a walk-in pantry. The inviting living room, anchored by a gas fireplace, opens seamlessly to the covered patio, creating an effortless connection between indoor and outdoor living. Upstairs, four generous bedrooms offer exceptional space for family and guests. The luxurious primary retreat features a spa-inspired ensuite and walk-in closet, while the second and third bedrooms share a convenient Jack-and-Jill ensuite. The breathtaking backyard oasis designed for unforgettable summers and effortless entertaining, this private resort-like retreat features a sparkling pool, hot tub and fabulous covered entertaining space. Whether hosting a crowd, enjoying long summer evenings poolside or simply unwinding at home, this backyard offers an extraordinary lifestyle rarely found. This spectacular home perfectly blends luxury, comfort and exceptional indoor-outdoor living. (id:63159)

Values & Trends

This listing

$553/sqft

Building average

No other active listings in this building

120 - Lexington/Lincoln Village average

$421/sqft

22 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: Kitchener-Waterloo

Cloudy

16°C

Cloudy

Humidity 80%

Wind SE 13 km/h

Today

23°

Tonight

17°

Wednesday

26°

Wednesday night

12°

Thursday

24°

Thursday night

11°

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: 8.2% ($114,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,119,920.00
Periodic payment — Principal & Interest (monthly)$7,225.34
Additional monthly expenses (strata, tax, utilities, etc.)$859.84
Total monthly cost$8,085.18
Interest paid over 5-yr term$320,972.29
Balance at end of term$1,007,371.66

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$114,990
Stress test qualifying rate8.09%
Payment you must qualify for$9,880.51

Cash Needed at Closing

Minimum down payment$114,990
Estimated BC PTT$25,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$142,488

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.

Request more information