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Listed 2 months ago

294 Algonquin Drive

, Waterloo

$1,470,000

Detached|Bungalow
2 | 2 | 8
About this home

Architecturally Distinct Mid-Century Bungalow in Prestigious Beechwood. A rare opportunity to own a truly unique home in one of Waterloo's most sought-after neighbourhoods. Nestled within a private wooded enclave, this architecturally significant mid-century executive bungalow offers over 2,650 sq. ft. of thoughtfully designed living space and an exceptional connection to nature. Step inside and be captivated by soaring floor-to-ceiling windows that frame private views and fill the home with natural light. The spacious main level is designed for both everyday living and entertaining, featuring expansive principal rooms, a welcoming living and dining area with a striking double-sided fireplace, and multiple spaces to gather with family and friends. The lower level offers incredible flexibility with a walkout to the backyard, a large family room, two additional bedrooms or office, a full bathroom, and direct access to the garage-ideal for multi-generational living, guests, or a future in-law setup. Outside, enjoy your own private backyard retreat surrounded by mature trees, offering peace, privacy, and endless potential to create your dream outdoor oasis. Updates include windows, roof, hot water tank and boiler, electrical service, extensive landscaping. While some cosmetic updating may be desired, the home presents an outstanding opportunity to personalize a property with exceptional character in an unbeatable location. Virtual staging has been provided to show decorating potential. Situated just minutes from the University of Waterloo, top-rated schools, parks, trails, shopping, and amenities, this is a location rarely offered and highly coveted. Bring your vision and imagination or just move in-this remarkable Beechwood property is ready to become your forever home.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$7,014
Lot Size100 ft x 131.66 ft
mls© NumberX13501564
Listed ByROYAL LEPAGE WOLLE REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$7,524
Property tax
$585
Heat allowance
$150
Housing costs
$8,259 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $294,000
25-yr amortization

Income needed

$254,000

gross annual household income

Payment at 4%
$6,186 / mo
Cash down
$294,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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