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Home with brick exterior material, street for 194 Cedarbrae Ave, Waterloo Ontario N2L 4S5
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194 Cedarbrae Ave, Waterloo, Ontario N2L 4S5

Detached
3 + 3
2
~1100-1500 sqft
$799,999
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Detached
3 + 3
2
~1100-1500 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$630/sqft

Est. Mortgage$3,436/mo

Tax Amount (2024)$4,301/yr

Days On Market4 hours


Description

Attention Homeowners and Investors! Rare opportunity to own this beautifully 3+3 bedrooms home with significant income potential. This stunning home sits on a huge 52x125 ft lot where your family can live in one unit and rent out the other separate unit to offset your mortgage. The fully finished walk-out basement with a separate entrance and above-grade windows offers excellent additional income potential with its own kitchen, bathroom and laundry room. 10 min bus ride to University of Waterloo, flexibility to use as a high-income student rental generating significant positive cash flow. Conveniently located, you'll find yourself close to shopping, schools, parks, LRT, and public transit. With easy access to highways, community centers, conservation areas, and prestigious universities, this home perfectly balances suburban tranquility with urban convenience. Digitally staged for illustration purposes only. Perfect for a variety of buyers: first-time homeowners seeking a large lot, parents looking for a prime location and a meticulously maintained home for their university-bound children, or investors targeting a strong rental market with future development opportunity - this property checks all the boxes. Whether you are an investor seeking high cash flow or a homeowner looking for a mortgage helper, this property is a must-see! Don't miss your chance to own this impeccable home. Schedule your showing today and make your homeownership dreams a reality!


Upcoming Open Houses

May 17Sat2:00 PM - 4:00 PM
May 18Sun2:00 PM - 4:00 PM

Property Details

StyleBungalow-Raised
View-
Age of property-
SqFt~1100-1500 SqFt
Lot Size6,500 SqFt(125 x 52)
Parking Spaces5
MLS ®NumberX12155430
Community NameLakeshore
Data SourceTRREB
Listing byROYAL LEPAGE SIGNATURE REALTY

Features

Heating: Forced Air
Central Vacuum
Cooling: Central Air
Fireplace
Basement: Fin W/O, Sep Entrance

Upper Floor

Foyer

2.0 x 3.0

Br

4.0 x 3.0

Closet

2nd Br

3.7 x 3.0

Closet

3rd Br

2.2 x 2.7

Closet


Features

Lot size: 6,500 SqFt

Parking

Garage spaces 1

Garage type Built-In

Other parking spaces 4

Total parking spaces 5


Property listed by ROYAL LEPAGE SIGNATURE REALTY, Brokerage

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Market Data - Lakeshore

Geo Zone Map ThumbnailLakeshore

Seller's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

7 days

Compared to

2024

2 days

2023

7 days

2022

8 days

New Listings

Past 30 days

12 listings

Compared to

2024

5 listings

2023

5 listings

2022

12 listings

Units sold

Past 30 days

4 units

Compared to

2024

1 unit

2023

5 units

2022

5 units

Median Sold Price

Past 30 days

$714,000

Compared to

2024

$860,000

2023

$810,000

2022

$850,000


Population and Demographics

Overview

Total population 3044
Average household income $96,715

Age (%)

20 to 34
30%
0 to 19
22%
35 to 49
17%
50 to 64
16%
65 and plus
15%

Household composition (%)

Single family
61%
Single person
26%
Multi person
12%
Multi family
0%

Mother tongue (%)

English
78%
Others
4%
Mandarin
4%
Spanish
2%
Arabic
2%
German
2%
Somali
1%
Hindi
1%
Iranian Persian
1%

House tenancy (%)

Renters
51%
Owners
49%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget