Low-Rise Condo

Silver Thread Lofts

by Madison Group

15 Devitt Avenue South & 15 Devitt Avenue, Waterloo, ON N2J 1Y6

Year Built

2012

Total Units

Storeys

Available Units in Silver Thread Lofts

Units for sale

Units for rent

Live MLS · Updated daily

Overview

Silver Thread Lofts stands 3 storeys tall at 15 Devitt Avenue South and contains 15 units. This Waterloo condo was completed in 2012 by Madison Group. Suite sizes range from 649 square feet to 812 square feet.

Developer

Madison Group

Year Built

2012

Property Type

Low-Rise Condo

Storeys

Total Units

Management

Millcreek Management

Amenities

Underground Parking

Fitness Centre

Party Room

Price History

7 records

Loading history…

Market Stats

—

Avg $/sqft

Steady

YoY change

—

Avg days on market

Location & Walkability

Walk Score

—/100

Daily errands on foot

Transit Score

—/100

TTC, GO, subway access

Bike Score

—/100

Bike lanes & infrastructure

Neighbourhood in Waterloo

Uptown Waterloo

community-oriented family-friendly active

Uptown Waterloo is a vibrant neighbourhood in Waterloo, Ontario. It offers a mix of residential living and convenient amenities for families and young professionals.

Diverse housing options available Good schools with an average rating of 6.1 Multiple parks and playgrounds for recreation Close to grocery stores and restaurants Easy access to public transit

Day to dayLivability

6.1

Schools near listings

out of 10 · averaged over 142 past and present listings

Fraser Institute ratings within 2 km of each listing, closer schools weighted more

Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.

What it costsAffordability

Median asking price

$609,450

11% above Waterloo 15% below Ontario

In Uptown Waterloo

$609,450

In Waterloo

$550,000

In Ontario

$715,000

Median monthly rent

$2,500/mo

11% above Waterloo On par with Ontario

In Uptown Waterloo

$2,500

In Waterloo

$2,250

In Ontario

$2,500

≈ 20.3 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

Median $609,450

Condos 3 · Houses 3

For rent

Median $2,500

Recently sold

Recently leased

Market data as of 2026-10-15. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

Family-friendly environment
Strong community feel
Variety of local amenities
Good access to schools

Keep in mind

Higher rental prices compared to city median
Some areas may feel crowded

The feel of the placeLifestyle

Daily life in Uptown Waterloo is active, with many local shops, parks, and schools. Residents enjoy a community-oriented atmosphere.

Great for families young professionals first-time buyers

Within the boundaryWhat's nearby

The boundary

2.8 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

Parks

Playgrounds

Transit stations

Grocery stores

Restaurants

Cafés

Gyms

Pharmacies

Counted across all 2.8 km² of Uptown Waterloo. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

6.1/10

Average rating of the 2 rated schools in this area

Elementary

Secondary

École élémentaire L'Harmonie
Public · French · Grades JK–8 · Conseil scolaire Viamonde
6.2/106.6 over 5 yrs
1,444th of 3,045 Ontario elementary schools
290 students · EQAO 2024-2025
Elizabeth Ziegler Public School
Public · Grades JK–6 · Waterloo Region DSB
6.0/106.7 over 5 yrs
1,590th of 3,045 Ontario elementary schools
510 students · EQAO 2024-2025
Aim Kw School
Independent
Not rated
Camino
Public · Grades 7–12 · Waterloo Region DSB
Not rated
ConEd Adult Credit Program
Public · Grades 9–12 · Waterloo Region DSB
Not rated
Continuing Education Literacy/Numeracy
Public · Grades 7–12 · Waterloo Region DSB
Not rated

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Uptown Waterloo, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

8,019

Population (2021)

2.3 km²

Area

3,434

People per km²

45.3

Median age

$78,631

Median income

46%

Own their home

1.9

People per household

4,350

Households

Every age

Children (under 15)10.2%
Working age (15–64)63.0%
Seniors (65+)26.9%

What is built here

Detached houses30.6%
Semi-detached1.7%
Townhouses2.1%
Duplexes3.1%
Low-rise apartments18.3%
High-rise apartments43.7%

Own or rent

46%Owners

55%Renters

Across 4,350 households

When it was built

Mostly 1960 or earlier

1960 or earlier36%
1961–198021%
1981–199012%
1991–20009%
2001–20051%
2006–20103%
2011–20155%
2016–202111%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

18.9%
Born outside Canada: 44.5%
Hold a degree or higher: 52.7%
Employment rate: 5%
Commute by transit: 78.1%
Commute by car: 1.6
Children per family: $68,398
Median income after tax: $99,875
Average household income: 11%
Living on a low income: $1,361/mo
Renters pay, per month: $1,364/mo
Owners pay, per month: $617,374
Median home value at census: 45.5%
Renters spending 30%+ of income on housing: 7.8%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 12 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap