Property Type: Detached HouseOwnership: Freehold

553 WATERTON Drive

Waterloo, BC N2V2K5

$1,150,000

3 bed3.5 bath5 parking2,250 sqftBuilt 2001
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Property Details

Property & Lot

Sub-type
House
Style
Other
Stories
2
Frontage
48 feet

R

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$6,416.53

Interior

Basement
Unfinished, Full
Heating
Forced air, Natural gas
Cooling / A/C
Central air conditioning
Fireplace
None
Appliances
Washer, Refrigerator, Water softener, Central Vacuum, Gas stove(s), Dishwasher, Dryer, Garage door opener

Exterior & Lot

Exterior features
Brick, Stucco
Lot features
Paved driveway, Automatic Garage Door Opener

Building

Foundation
Poured Concrete
Water source
Municipal water
Sewer
Municipal sewage system

Parking

Total spaces
5 — covered indicated
Features
Attached Garage

Room Dimensions

RoomLevelDimensions
OtherBasement25'9'' x 40'1''
4pc BathroomSecond level
Family roomSecond level15'9'' x 22'0''
BedroomSecond level10'11'' x 12'2''
BedroomSecond level11'1'' x 13'1''
Laundry roomSecond level5'11'' x 7'3''
3pc BathroomSecond level
Primary BedroomSecond level15'9'' x 15'11''
KitchenMain level12'0'' x 12'1''
2pc BathroomMain level
Dining roomMain level10'7'' x 12'1''
Living roomMain level13'7'' x 26'1''
FoyerMain level7'6'' x 7'9''

Listing Information

MLS®
40856068
Listed
August 15, 2026
Time on market
On the market for 31 days
Data last synced
September 15, 2026

Listing provided by: Living Stone Realty Inc. · Data source: CREA DDF.

Description

Welcome to 553 Waterton Drive, a beautifully upgraded 2,250 sq. ft. two-storey home on a premium 48-foot lot in Waterloo’s desirable Conservation Meadows community. Featuring a wider garage and triple-width driveway, this property is within walking distance of Laurel Creek Conservation Area, scenic trails and parks, while remaining close to amenities and the expressway. The main floor offers a spacious living room with a gas fireplace, an oak kitchen with quartz countertops and stainless steel appliances, including a gas stove, and a bright dinette with a walkout to the backyard. Luxury vinyl flooring, pot lights and California shutters are featured throughout. Upstairs offers three spacious bedrooms, convenient laundry and a large bonus family room with a vaulted ceiling. The primary bedroom includes a luxury ensuite. The ensuite and guest bathroom feature upgraded standing showers. All three bathrooms include quartz countertops, modern hardware and updated plumbing fixtures. Additional features include iron railings, updated door hardware, a humidifier and a seven-stage reverse-osmosis water system. The landscaped backyard is ideal for entertaining, with a new gazebo on a stamped-concrete platform, an extra-wide wooden deck, a brushed-concrete walkway, stone gardens and ornamental trees, including rare Japanese maples. The brick-and-stucco exterior features pot lights and wireless security cameras with dual video doorbells. The garage includes epoxy flooring, a new garage door, a smart opener with video and remote access, and a separate side entrance. Smart locks are installed on the main and garage entry doors. Other updates include a new patio door, newer living-room windows and a roof replaced in 2018. A spacious, extensively upgraded home surrounded by nature and minutes from everything Waterloo has to offer. (id:63159)

Values & Trends

This listing

$511/sqft

Building average

No other active listings in this building

441 - Erbsville/Laurelwood average

$394/sqft

17 active listing(s)

Parking: 5 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: 7.8% ($90,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$920,000.00
Periodic payment — Principal & Interest (monthly)$5,935.53
Additional monthly expenses (strata, tax, utilities, etc.)$647.71
Total monthly cost$6,583.24
Interest paid over 5-yr term$263,674.64
Balance at end of term$827,542.98

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$90,000
Stress test qualifying rate8.09%
Payment you must qualify for$8,151.03

Cash Needed at Closing

Minimum down payment$90,000
Estimated BC PTT$21,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$112,500

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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