Sold for:Sold Jul 21, 2025
$1,499,000

508 Kelso Place

Waterloo, ON N2V 2S1

Multiplex SoldNot available
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031

Property not available for sale or for rent.

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Sale & Price History for 508 Kelso Place, Waterloo

2025-05-23
2025-07-21
Sold
Price
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MLS#
x12170070

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 508 Kelso Place, Waterloo

Forever Home With In-Law/Income Potential-Welcome to 508 Kelso Place, a rare & incredibly versatile side-by-side legal duplex tucked into a quiet court in Waterloos sought-after Conservation Meadows. Set on a premium -acre lot in a park-like setting w/ a 175 deep backyard oasis & inground pool, this beautifully updated home offers 4,600+ SF of living space, parking for 6, & the flexibility to live, earn, or share. The main home features 3 bedrms & 4 bathrms, beginning w/ a sunken entry that leads to a show-stopping great rm w/ soaring ceilings, floor-to-ceiling windows, & a striking gas fireplace. The chefs kitchen is equally impressive, w/ oversized island, premium appliances, integrated dining area, & direct access to the backyard. A 2-pce bath completes the main. Upstairs, youll find a spacious primary suite w/ WI closet & tiled glass shower ensuite, plus 2 additional bedrms, a 4-pce bath, & a bright loft-style media/den space. The finished basement includes a large rec rm, 2-pce bath (w/ shower rough-in), & shared laundry. The attached 2-bedrm bungalow suite-complete w/ its own private entrance-is perfect for an in-law, nanny, garden suite, or potential income-generating rental. It offers an open-concept living rm, updated kitchen w/ island & integrated dining area, walkout to a private deck w/ gazebo, a main floor primary suite w/ WI closet & updated 4-pce ensuite, plus a finished basement w/ a large rec rm w/ gas fireplace, 4-pce bath, & additional bedrm. Loaded w/ updates throughout-pot lights, designer light fixtures, luxury vinyl flooring, & morethis home is turnkey & ready for whatever your needs may be. Whether you're seeking multi-generational living, mortgage-offset income, a private guest suite, or short-term rental potential, this home delivers the ultimate in flexibility & value. Ideally located just steps from trails, parks, & Laurel Creek, & only minutes to St. Jacobs Market, Costco, & HWY access, & more! Don't miss out, this home won't last!

Key Facts & Features

Property Costs

Annual Property Tax Amount
$10,384
Land Transfer Tax Fee
$26,455

Rental Items

Under Contract
Hot Water Heater

Basement Type
Full, Finished

Interior Features

Laundry Level
Lower Level
Interior Extras
Auto Garage Door Remote, Central Vacuum, In-Law Suite, Water Softener
View
Pool, Trees/Woods, Forest, Garden
Fireplace/Stove
Yes
Fireplace Features
Family Room, Natural Gas, Rec Room
Elevator
No

Exterior Features

Exterior Extras
Landscaped, Patio, Porch, Privacy, Deck
Pool
Inground
Property Features
Greenbelt/Conservation, Park, School, Rec./Commun.Centre, Public Transit, Wooded/Treed
Other Structures
Fence - Full, Shed, Gazebo

Building

Building Type
Multiplex
Building Style
2-Storey
Approx Age
16-30

Construction

Exterior Finish
Brick, Vinyl Siding
Roof
Asphalt Shingle
Foundation Details
Poured Concrete
Special Designation
Unknown

Lot

Lot Front
31.56 ft
Lot Depth
175.03 ft
Lot Size
0.28
Lot Shape
Irregular

Inclusions

Inclusions
Fridge, stove, microwave, dishwasher, all pool equipment, cover (s), cleaners, shed, covered gazebo on deck.

Parking & Garages

Garage Type
Attached
Garage Spaces
2
Parking Spaces
4
Total Garage And Parking Spaces
6

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
Central Air
Water
Municipal
Sewers
Sewer

Bedrooms
4 + 1
Washrooms
6
Kitchens
2
Family / bonus room
Yes

Room sizes

  • Bathroom—
    Main level, 2 Pc Bath
  • Bathroom—
    Main level, 4 Pc Ensuite
  • Primary Bedroom—
    Main level
  • Dining Room—
    Main level
  • Dining Room—
    Main level
  • Great Room—
    Main level
  • Kitchen—
    Main level
  • Kitchen—
    Main level
  • Living Room—
    Main level
  • Bathroom—
    Second level, 4 Pc Bath
  • Bathroom—
    Second level, 3 Pc Ensuite
  • Bedroom—
    Second level
  • Bedroom—
    Second level
  • Den—
    Second level
  • Primary Bedroom—
    Second level
  • Other—
    Second level, Walk-In Closet(s)
  • Bathroom—
    Basement level, 2 Pc Bath
  • Bathroom—
    Basement level, 4 Pc Bath
  • Bedroom—
    Basement level
  • Cold Room/Cantina—
    Basement level
  • Laundry—
    Basement level
  • Recreation—
    Basement level
  • Recreation—
    Basement level
  • Other—
    Basement level
  • Utility Room—
    Basement level

Washrooms

  • 2-piece, Main
  • 4-piece, Main
  • 4-piece, Second
  • 2-piece, Basement
  • 4-piece, Basement

Municipality
Waterloo
Main cross streets
Kelso Drive
Directions
Lake Louise Blvd to Kelso Drive, then Kelso Place

MLS® number
X12170070
Data source
Toronto Regional Real Estate Board
Status change
2025-07-21
Listed on
2025-05-23
Days on market
59 days
Possession type
Flexible
Co-op commission
2% + HST
Seller
Listed by
RE/MAX TWIN CITY REALTY INC.

Home Market Value

Current home valuation for 508 Kelso Place, Waterloo, , . Listed for $1,499,000

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 508 Kelso Place, 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

$
Minimum Down Payment Required:8.3%

5% on first $500K + 10% on $999,000 over $500K

Minimum down payment

$124,900

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$54,923$41,822$35,676$0
=Total mortgage
$1,428,007$1,390,922$1,309,826$1,199,200
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$6,972monthly$6,791monthly$6,395monthly$5,855monthly
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Land Transfer Tax

Provincial

$26,455

Total Land Transfer Tax

$26,455

Around this home

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0/100Minimal Transit
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