
489 Northlake Drive
Waterloo, ON N2V 1V5
- 3Bedrooms
- 2Bathrooms
- 2Garage
- 1500–2000Sq Ft
- $4,973Tax
- 50×111 ftLot Size
- Estimated Value:$682,000See Free Estimate Report

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About 489 Northlake Drive, Waterloo
Summarized Description
- Spacious 4-level backsplit with over 2,000 sq/ft.
- Features four bedrooms and two full bathrooms.
- Includes a double-car garage and extra parking.
- Hot tub on large deck for outdoor relaxation.
- Located in a family-friendly neighborhood.
- Close to top-rated schools and amenities.
- Flexible living space with potential for customization.
- Convenient access to public transit and highways.
Your search is over, your next home awaits in Desirable Lakeshore North! Welcome to 489 Northlake Drive - a spacious 4-level backsplit nestled in one of Waterloo's most sought-after, family-friendly neighborhoods. Offering over 2,000 sq/ft of finished living space, this home combines comfort, functionality, and incredible opportunity. Featuring 4 bedrooms, 2 full bathrooms, a double-car garage, and parking for 2 additional vehicles, this home is perfect for growing families or anyone looking for flexible living space. Step inside to a bright and inviting main floor, where a sun-filled living room with a large bay window creates a warm and welcoming atmosphere. The adjoining dining area is ideal for family meals and entertaining. The eat-in kitchen offers ample cabinet and counter space, along with a walkout to a large deck complete with a hot tub - perfect for summer BBQs, relaxing evenings, and outdoor gatherings. Upstairs, you'll find three generously sized bedrooms and a 4-piece bathroom. The lower level features a spacious yet cozy family room with a gas fireplace, along with a convenient 3-piece bathroom. The basement adds even more versatility with a rec room, a fourth bedroom, and plenty of storage space. With just a few cosmetic updates this property offers a fantastic opportunity to customize and truly make it your forever home. Ideally located near top-rated schools, parks, walking trails, shopping, universities, public transit, the Farmers Market and Laurel Creek Conservation Area, all the amenities that make Lakeshore North one of the most sought-after communities in the area including easy access to major highways. Don't miss your chance to own a great family home in a highly desirable community - book your private showing today!
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $4,973
- Land Transfer Tax Fee
- $11,473
Rental Items
- Rental Equipment
- Water Heater
- Basement Type
- Full
Interior Features
- Interior Extras
- Sump Pump, Water Softener
- Fireplace/Stove
- Yes
- Fireplace Features
- Family Room, Natural Gas
- Elevator
- No
Exterior Features
- Pool
- None
Building
- Building Type
- Detached
- Building Style
- Backsplit 4
- Approx Age
- 31-50
Construction
- Exterior Finish
- Brick, Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation Details
- Poured Concrete
- Special Designation
- Unknown
Lot
- Lot Front
- 50.00 ft
- Lot Depth
- 111.00 ft
Parking & Garages
- Garage Type
- Attached
- Garage Spaces
- 2
- Parking Spaces
- 2
- Total Garage And Parking Spaces
- 4
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Central Air
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 3
- Washrooms
- 2
- Kitchens
- 1
- Family / bonus room
- Yes
Room sizes
- Kitchen—Main level
- Breakfast—Main level
- Living Room—Main level
- Dining Room—Main level
- Bedroom—Second level
- Bedroom 2—Second level
- Bedroom 3—Second level
- Family Room—Lower level
- Recreation—Basement level
- Bedroom 4—Basement level
Washrooms
- 4-piece, Second
- 3-piece, Lower
- Municipality
- Waterloo
- Main cross streets
- Conservation Drive
- Directions
- Conservation Drive to Northlake
- MLS® number
- X12962948
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-04-30
- Listed on
- 2026-04-07
- Days on market
- 23 days
- Possession type
- Flexible
- Co-op commission
- 2%
- Seller
- Listed by
- RE/MAX TWIN CITY REALTY INC.
Home Market Value
Current home valuation for 489 Northlake Drive, Waterloo, , . Listed for $749,900
HOMEH Estimate
$682,000
Estimated Sales Range
$538,780 - $825,220
HOMEH Estimate for 489 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 $249,900 over $500K
$49,990
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $27,986 | $20,922 | $17,848 | $0 |
=Total mortgage | $727,643 | $695,832 | $655,263 | $599,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $3,553monthly | $3,397monthly | $3,199monthly | $2,929monthly |
Land Transfer Tax
$11,473
$11,473
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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