Re-listed 5 days ago

553 Teakwood Dr, Waterloo, Ontario N2L 4L5

Detached
3 + 4
2
~2021.69 sqft
$•••,•••
$700,000
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$7,000Cashback
Detached
3 + 4
2
~2021.69 sqft

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Highlights

Property Estimate

Days on market5 days

Total days on market
44 days

Estimated valueNot available

Price/Sqft$346/sqft

Monthly cost

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CMA Subject Property

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+5

Properties sold*

$820K

Median sold price*

*Based on last 30 days

Description

Live in the upper level and rent out 4 bedrooms on the lower level. You have options with the current Class A - 3 bedroom rental licence for the upper level . Class A - 4 bedroom rental licence for the lower level. This unique property stands out as a perfect choice for investors, offering a smart way to manage living arrangements while expanding your investment portfolio. —Highlights— • Design: A well-planned 3-bedroom bungalow complemented by a secondary 4-bedroom basement unit, featuring a separate side entrance for privacy and independence • Capacity: Boasting total 7 bedrooms in total, this property is well-equipped to accommodate a significant number of tenants • Amenities: 2 fully functional kitchens, spacious living areas, and separate laundry facilities cater to all the needs of student life • Location: Nestled in a quiet, safe residential neighbourhood, this property ensures a peaceful study environment • Accessibility: Just a 5-minute bus ride to the University of Waterloo, with the #9 bus stop right outside the front door. For those who prefer walking, the university is a comfortable sub-30-minute stroll away • Convenience: Grocery, drugstores, and restaurants are within a 2km radius; a breezy 18-minute bus ride. Conestoga Mall and transit links are 20 mins • Maintenance: The property is neat, tidy, and has been meticulously maintained, ensuring a hassle-free investment • Parking: A double-wide driveway provides ample space for up to 4 vehicles • Outdoors: A sizable yard, perfect for al-fresco study sessions, summer barbecues, and various lawn games • Additionally, a free-standing shed offers convenient bicycle storage. This property is not just a residence; it's a lifestyle choice for students seeking convenience, comfort, and a sense of community. As an investor, you're not just offering a place to stay; you're creating a home away from home for students, with the added benefit of a robust investment in one of Ontario's thriving educational hubs.


Property Details

StyleBungalow
View-
Age of property1967
SqFt~2021.69 SqFt
Lot Size4,925 SqFt(59.93 x 82.18)
Parking Spaces4
MLS ®Number40753500
Community NameLakeshore
Data SourceITSO
Listing byKeller Williams Innovation Realty

Features

Heating: Forced Air, Natural Gas
Basement: Separate Entrance, Full, Finished

Main Floor

Living Room

4.88 x 3.35

Kitchen

4.83 x 3.02

Bedroom

3.63 x 2.67

Bathroom

2.31 x 1.52

4-Piece


Features

Lot size: 4,925 SqFt
Sewer (Municipal)

Parking

Garage spaces -

Garage type -

Total parking spaces 4


Property History

Jul 22, 2025
Listed for
$700,000
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Re-listed
$•••,•••
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Re-listed
$•••,•••
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Re-listed
$•••,•••
5 days on market
history photo preview29
Listing by itso®

Market Data - Lakeshore

Geo Zone Map ThumbnailLakeshore

Strong 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

28 days

Compared to

2024

11 days

2023

9 days

2022

6 days

New Listings

Past 30 days

9 listings

Compared to

2024

10 listings

2023

12 listings

2022

7 listings

Units sold

Past 30 days

8 units

Compared to

2024

5 units

2023

9 units

2022

4 units

Median Sold Price

Past 30 days

$732,500

Compared to

2024

$820,000

2023

$820,000

2022

$782,250


Population and Demographics

Overview

Total population 3044
Average household income $96,715

Age (%)

0 to 19
22%
20 to 34
30%
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