Property Type: Detached HouseOwnership: FreeholdNEW LISTING

559 SPRINGWATER Drive

Waterloo, BC N2V2K6

$899,900

4 bed3 bath4 parking2,785 sqftBuilt 2004
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Open House

Sunday, September 20

1:00 PM3:00 PM

Property Details

Property & Lot

Sub-type
House
Style
Other
Stories
2
Frontage
59 feet

R1

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$6,744

Interior

Basement
Finished, Full
Heating
Forced air, Natural gas
Cooling / A/C
Central air conditioning
Fireplace
None
Appliances
Washer, Refrigerator, Dishwasher, Stove, Dryer, Garage door opener, Microwave Built-in

Exterior & Lot

Exterior features
Vinyl siding, Brick Veneer
Lot features
Sump Pump, 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
Utility roomBasement11'7'' x 8'6''
Recreation roomBasement36'10'' x 24'1''
Laundry roomLower level11'7'' x 5'10''
4pc BathroomLower level7'9'' x 4'10''
BedroomLower level12'2'' x 12'3''
Family roomLower level13'1'' x 23'5''
4pc BathroomSecond level4'10'' x 8'10''
3pc Ensuite bathSecond level6'0'' x 8'10''
BedroomSecond level10'5'' x 10'10''
Primary BedroomSecond level11'10'' x 14'4''
BedroomSecond level10'5'' x 9'11''
Living roomMain level10'9'' x 11'10''
Dining roomMain level11'1'' x 10'1''
KitchenMain level13'8'' x 14'0''

Listing Information

MLS®
40859976
Listed
September 14, 2026
Time on market
On the market for 1 day
Data last synced
September 15, 2026

Listing provided by: RE/MAX SOLID GOLD REALTY (II) LTD. · Data source: CREA DDF.

Description

Welcome to 559 Springwater Drive, a spacious four-level backsplit located in Waterloo’s desirable Conservation Meadows neighbourhood. With all four levels fully finished, this home offers an impressive amount of living space and a wonderfully versatile layout. Step inside to bright, open living and dining areas enhanced by soaring cathedral ceilings, creating an airy and inviting feel. The spacious kitchen offers plenty of cabinetry, a centre island and sliding doors leading directly to the deck with pergola—perfect for outdoor dining and entertaining while overlooking the massive rear yard. The upper level features three bedrooms, including a generous primary bedroom with its own private full ensuite. A second full bathroom on this level serves the additional two bedrooms. The lower level adds even more flexibility with a fourth bedroom and its own private full bathroom—an ideal setup for guests, extended family, an older child or anyone looking for a little extra privacy. With four bedrooms and three full bathrooms in total, this home provides plenty of room for a growing or multi-generational family. There is no shortage of living space, with both a finished family room and a separate finished recreation room providing plenty of options for relaxing, entertaining, a home office, games room or exercise area. A cold cellar and generous crawl-space storage add even more practicality. All appliances are included, and outside you’ll find a double garage, double asphalt driveway, spacious deck with pergola and an exceptionally large backyard. Roof shingles 2020 ,water softener 2020,reverse Osmosis 2021,Fridge ,Stove, dishwasher 2018 With four fully finished levels, four bedrooms, three full bathrooms, cathedral ceilings and an abundance of indoor and outdoor living space, 559 Springwater Drive is a home designed to give everyone room to spread out and enjoy—all in sought-after Conservation Meadows. (id:63159)

Values & Trends

This listing

$323/sqft

Building average

No other active listings in this building

441 - Erbsville/Laurelwood average

$409/sqft

17 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: 7.2% ($64,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$719,920.00
Periodic payment — Principal & Interest (monthly)$4,644.68
Additional monthly expenses (strata, tax, utilities, etc.)$701.00
Total monthly cost$5,345.68
Interest paid over 5-yr term$206,331.14
Balance at end of term$647,570.37

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$64,990
Stress test qualifying rate8.09%
Payment you must qualify for$6,420.17

Cash Needed at Closing

Minimum down payment$64,990
Estimated BC PTT$15,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$82,488

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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