Sold for:Sold Jul 15, 2026
$1,349,900

518 Preakness Street

Waterloo (University Downs), ON N2K 0C1

Detached House SoldNot available

Property not available for sale or for rent.

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Sale & Price History for 518 Preakness Street, Waterloo, University Downs

2026-06-11
2026-07-16
Sold
Price
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MLS#
x13433564

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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 518 Preakness Street, Waterloo, University Downs

Summarized Description

  • Located in exclusive Woolwich Estates neighborhood.
  • High-end home with impressive curb appeal.
  • Features engineered hardwood flooring throughout.
  • Gourmet kitchen with large island and stainless appliances.
  • Spacious primary bedroom with custom finishes.
  • Fully fenced backyard on a pie-shaped lot.
  • Garage includes custom epoxy flooring.
  • Close to parks, trails, and excellent schools.

Located in Waterloo East's exclusive Woolwich Estates, this spotless, high-end home sits in one of the area's most desirable pockets, surrounded by beautiful homes, mature streetscapes, parks and trails. Walking distance to Kiwanis Park, Grand View Trails, excellent schools and amenities, with easy access to the expressway, Rim Park, Grey Silo Golf Course, St. Jacobs, Conestoga Mall and Guelph. Impressive curb appeal starts with the brick and stucco exterior, interlock driveway, meticulous landscaping and oversized rich espresso front door. Exterior lighting on timers and an app-enabled in-ground sprinkler system make the outdoor care feel thoughtful and polished. Inside, the grand foyer features a vaulted ceiling and tiled floor, opening to a beautifully maintained main level with engineered hardwood flooring throughout. The kitchen offers stainless appliances, extensive cabinetry, a large island with breakfast bar seating and a servery with glass-front cabinetry, pantry, wine fridge and extra prep space. The kitchen flows into the bright living room with stone-surround fireplace, while the formal dining area offers great space for entertaining. A statement staircase leads to the second floor, where the soaring open-to-below design adds impressive detail. A bonus family room provides valuable extra living space for family, work-from-home needs or a cozy lounge area. The spacious primary bedroom features coffered ceilings, custom window treatments, a walk-in closet and well-appointed ensuite with double sinks and large frameless glass shower. Two additional bedrooms and a full 4-piece bath complete this level. Sliding doors off the kitchen lead to the fully fenced backyard, set on a pie-shaped lot offering more outdoor space than many lots in the area. Beautifully landscaped and lined with trees for added privacy, the yard features a large composite deck, pergola and backyard shed. Added bonus...the garage is fully drywalled and painted with a custom epoxy floor!

Key Facts & Features

Property Costs

Annual Property Tax Amount
$9,209
Land Transfer Tax Fee
$23,473

Rental Items

Rental Equipment
Hot water heater
Under Contract
Hot Water Heater

Basement Type
Unfinished

Interior Features

Interior Extras
Auto Garage Door Remote, Sump Pump, Water Softener, Water Heater, Air Exchanger, Bar Fridge, Rough-In Bath
Fireplace/Stove
Yes
Fireplace Features
Living Room
Elevator
No

Exterior Features

Exterior Extras
Landscaped, Lawn Sprinkler System, Awnings, Landscape Lighting, Patio
Pool
None
Property Features
School, Place Of Worship, Hospital, Library, Public Transit, Arts Centre
Other Structures
Fence - Full, Garden Shed

Building

Building Type
Detached
Building Style
2-Storey
Approx Age
6-15

Construction

Exterior Finish
Stone, Stucco (Plaster)
Roof
Asphalt Shingle
Foundation Details
Poured Concrete
Special Designation
Unknown

Lot

Lot Front
40.17 ft
Lot Depth
116.53 ft
Lot Shape
Irregular

Inclusions

Inclusions
Dishwasher, Dryer, Garage Door Opener, Microwave, Range Hood, Refrigerator, Smoke Detector, Stove, Washer, Window Coverings, Wine Cooler

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
3
Kitchens
1
Family / bonus room
Yes

Room sizes

  • Bathroom—
    Main level, 2 Pc Bath
  • Dining Room—
    Main level
  • Kitchen—
    Main level
  • Laundry—
    Main level
  • Living Room—
    Main level
  • Bathroom—
    Second level, 4 Pc Bath
  • Bathroom—
    Second level, 4 Pc Ensuite
  • Bedroom—
    Second level
  • Bedroom—
    Second level
  • Family Room—
    Second level
  • Primary Bedroom—
    Second level

Washrooms

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

Municipality
Waterloo
Neighbourhood
University Downs
Main cross streets
Woolwich Street
Zoning
R4
Directions
Woolwich Street to Carriage Way to Preakness

MLS® number
X13433564
Data source
Toronto Regional Real Estate Board
Status change
2026-07-16
Listed on
2026-06-11
Days on market
35 days
Possession type
Flexible
Co-op commission
2
Seller
Listed by
CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD

Home Market Value

Current home valuation for 518 Preakness Street, Waterloo, University Downs, Waterloo, ON. Listed for $1,349,900

HOMEH Estimate

?

$1,206,250

Estimated Sales Range

?

$952,938 - $1,459,563

HOMEH Estimate for 518 Preakness Street, Waterloo, University Downs

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

$1,206,250Medium confidence
Based on 8 comparable properties
See the full analysisFree Every recent nearby sale behind this number

Mortgage Payment Calculator

Compare up to 4 down payment scenarios

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Waterloo, ON
Minimum Down Payment Required:8.1%

5% on first $500K + 10% on $849,900 over $500K

Minimum down payment

$109,990

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$49,568$37,662$32,128$0
=Total mortgage
$1,288,776$1,252,572$1,179,543$1,079,920
Amortization
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%
%
%
%
Payment frequency
=Mortgage payment
$6,292monthly$6,116monthly$5,759monthly$5,273monthly
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Land Transfer Tax

Provincial

$23,473

Total Land Transfer Tax

$23,473

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