Property Type: Detached HouseOwnership: FreeholdRECENTLY LISTED

555 ELM RIDGE Place

Waterloo, BC N2L4P6

$699,900

3 bed2 bath5 parking1,407 sqftBuilt 1971
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Property Details

Property & Lot

Sub-type
House
Style
Raised bungalow
Stories
1
Frontage
45 feet

SR1A

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Strata / maintenance fee
$0/mo
Annual property tax
$4,384

Interior

Basement
Finished, Full
Heating
Forced air, Natural gas
Fireplace
Yes (1)
Appliances
Washer, Refrigerator, Water softener, Hot Tub, Range - Gas, Dishwasher, Stove, Dryer, Garburator, Hood Fan, Window Coverings, Garage door opener

Exterior & Lot

Exterior features
Brick, Aluminum siding
Pool
Above ground pool
Lot features
Cul-de-sac, Paved driveway

Building

Water source
Municipal water
Sewer
Municipal sewage system
Utilities
Cable

Parking

Total spaces
5

Room Dimensions

RoomLevelDimensions
Laundry roomLower level10'7'' x 16'5''
3pc BathroomMain level9'5'' x 5'8''
BedroomMain level10'6'' x 8'1''
3pc BathroomLower level6'7'' x 6'6''
BedroomMain level12'3'' x 8'0''
KitchenMain level9'9'' x 16'8''
Recreation roomLower level12'4'' x 23'2''
Primary BedroomMain level9'5'' x 11'8''
Living roomMain level15'3'' x 17'11''

Listing Information

MLS®
40861002
Listed
September 8, 2026
Time on market
On the market for 6 days
Data last synced
September 15, 2026

Listing provided by: Peak Realty Ltd. · Data source: CREA DDF.

Description

Welcome to this incredible three-bedroom, two-full-bath home, tucked away on a quiet court with a large, beautifully landscaped pie-shaped lot. From the moment you arrive, you'll love the curb appeal, with an attached garage, double-wide driveway and beautiful stone pathway leading you to the front entrance. Step inside to the heart of the home, the professionally renovated kitchen. featuring quartz countertops, a huge centre island, stainless steel appliances, oversized fridge, gas cooktop, updated lighting and an open-concept layout, this is a kitchen made for gathering. The double sink looks right out into your incredible backyard oasis, bringing the outdoors right into the heart of the home. And the backyard does not disappoint. It's your own vacation at home, with a 21-foot above-ground pool, wraparound deck, hot tub and plenty of space to relax, entertain and enjoy the summer. With updates throughout, luxury vinyl flooring on the main level, updated mechanicals, beautiful curb appeal and a backyard you'll never want to leave, this home is truly move-in ready. Drop your bags, unpack and enjoy, because all the work has been done for you. Homes like this don't come available often. You don't want to miss this one! (id:63159)

Values & Trends

This listing

$497/sqft

Building average

No other active listings in this building

421 - Lakeshore/Parkdale average

$415/sqft

13 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: 6.4% ($44,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$559,920.00
Periodic payment — Principal & Interest (monthly)$3,612.41
Additional monthly expenses (strata, tax, utilities, etc.)$435.33
Total monthly cost$4,047.75
Interest paid over 5-yr term$160,474.68
Balance at end of term$503,649.85

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$44,990
Stress test qualifying rate8.09%
Payment you must qualify for$5,036.03

Cash Needed at Closing

Minimum down payment$44,990
Estimated BC PTT$11,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$58,488

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.

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