
391 Northlake Drive
Waterloo, ON N2V 1W8
- 4Bedrooms
- 4Bathrooms
- 2Garage
- 2500–3000Sq Ft
- $7,991Tax
- 64×131 ftLot Size
- Estimated Value:$1,053,000See Free Estimate Report

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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for 391 Northlake Drive, Waterloo
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About 391 Northlake Drive, Waterloo
Calling All Nature Lovers! A Rare, Private Retreat Backing Onto Tranquil Forest in Waterloo West! Welcome to your own forest-side oasis! Tucked away in one of Waterloo Wests most sought-after locations, this custom-built sidesplit offers over 4,700 sq ft of beautifully maintained living space backing directly onto a peaceful, protected forest. Whether you're an outdoor enthusiast, empty nester, busy professional, or someone who simply craves peace and privacy, this property is a true sanctuary. Imagine stepping out to your private, wooded backyard with zero maintenance required perfect for those who spend summers up north or love connecting with nature year-round. Direct access to nearby trails makes walking, jogging, mountain biking, or cross-country skiing a part of your everyday lifestyle. Lovingly cared for by the original family, the home blends timeless charm with modern comfort in a tranquil, tree-lined setting. Vaulted ceilings, expansive windows, and an open, airy layout create a warm and welcoming atmosphere. Recently painted throughout and featuring brand-new flooring, the home is move-in ready yet offers room for personal touches and updates. Upstairs, you'll find four spacious bedrooms, including a serene primary suite with its own private balcony perfect for your morning coffee or unwinding with treetop views. The cleverly designed walk-up basement, excavated beneath the garage, offers soaring ceilings and oversized windows, creating a bright, flexible space ideal for a home theatre, gym, games room, or private retreat. Step outside to a massive, newly built deck that spans the entire back of the home an entertainers dream and the perfect spot to relax, dine, or simply soak in the sights and sounds of the surrounding forest. This is more than just a home its a rare blend of privacy, space, and unbeatable location. You're just minutes from everything Waterloo has to offer, yet it feels like a world away.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $7,991
- Land Transfer Tax Fee
- $22,375
Rental Items
- Rental Equipment
- Water Heater
- Basement Type
- Full, Walk-Up
Interior Features
- Interior Extras
- Sump Pump, Water Softener
- Fireplace/Stove
- Yes
- Fireplace Features
- Natural Gas
- Elevator
- No
Exterior Features
- Pool
- None
- Property Features
- Park, Place Of Worship, School
Building
- Building Type
- Detached
- Building Style
- Sidesplit 4
- Approx Age
- 31-50
Construction
- Exterior Finish
- Brick
- Roof
- Asphalt Shingle
- Foundation Details
- Poured Concrete
- Special Designation
- Unknown
Lot
- Lot Front
- 63.71 ft
- Lot Depth
- 131.43 ft
Inclusions
- Inclusions
- Fridge, stove, dishwasher, microwave, washer, dryer, window coverings, pool table, one garage remote
Exclusions
- Exclusions
- None
Parking & Garages
- Garage Type
- Attached
- Garage Spaces
- 2
- Parking Spaces
- 3
- Total Garage And Parking Spaces
- 5
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Central Air
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 4
- Washrooms
- 4
- Kitchens
- 1
- Family / bonus room
- Yes
Room sizes
- Bathroom—Main level
- Breakfast—Main level
- Dining Room—Main level
- Family Room—Main level
- Kitchen—Main level
- Laundry—Main level
- Living Room—Main level
- Primary Bedroom—Second level
- Bathroom—Second level
- Bedroom—Second level
- Bedroom—Second level
- Bedroom—Second level
- Bathroom—Second level
- Family Room—Basement level
- Bathroom—Basement level
- Recreation—Basement level
- Workshop—Basement level
- Utility Room—Basement level
- Other—Basement level
Washrooms
- 2-piece, Main
- 3-piece, Second
- 5-piece, Second
- 2-piece, Basement
- Municipality
- Waterloo
- Main cross streets
- Fern Road
- Zoning
- SR1
- Directions
- Westmount Road to Conservation Drive
- Waterfront
- None
- MLS® number
- X12399540
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2025-12-05
- Listed on
- 2025-09-12
- Days on market
- 84 days
- Possession type
- Immediate
- Co-op commission
- 2% + HST
- Seller
- Listed by
- RE/MAX TWIN CITY REALTY INC.
Home Market Value
Current home valuation for 391 Northlake Drive, Waterloo, , . Listed for $1,295,000
HOMEH Estimate
$1,053,000
Estimated Sales Range
$820,304 - $1,285,696
HOMEH Estimate for 391 Northlake Drive, Waterloo
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $795,000 over $500K
$104,500
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $47,604 | $36,131 | $30,821 | $0 |
=Total mortgage | $1,237,709 | $1,201,631 | $1,131,571 | $1,036,000 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $6,043monthly | $5,867monthly | $5,525monthly | $5,058monthly |
Land Transfer Tax
$22,375
$22,375
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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