
704 Black Cherry Street
Waterloo, ON N2V 2P3
- 3+1Bedrooms
- 4Bathrooms
- 1Garage
- 1500–2000Sq Ft
- $4,930Tax
- 32×119 ftLot Size
- Estimated Value:$612,000See Free Estimate Report

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About 704 Black Cherry Street, Waterloo
!!!! LEGAL DUPLEX WITH SEPARATE ENTRANCE!!!!! POTENTIAL INCOME PROPERTY!!!!! Welcome to this stunning detached home in the highly desirable Columbia Forest community of Waterloo. Offering 1820 sqft of above-ground living space, plus a legal basement apartment. This home delivers the perfect combination of comfort, style & income potential. Main floor boasts a functional open layout with a spacious living room that flows into the dining area, creating a warm, inviting space for everyday living & entertaining. The well-appointed kitchen features stainless steel appliances, quartz countertops & ample cabinetry with walkout to private backyard ideal for hosting summer BBQs or relaxing in the sun. Main floor laundry add to the convenience. The primary suite is a true retreat, complete with a 5-piece ensuite Washroom & large walk-in closet. 2 additional bedrooms & a second full bath provide plenty of space for family, guests, or a home office. The highlight of this property is the fully legalized basement apartment with a sep. entrance, designed to generate reliable rental income or provide an ideal living space for in-laws or extended family. This bright & spacious unit includes a living room, a well-equipped kitchen, a bedroom, a 4-piece bathroom & its own private laundry area. Great Help to offset your mortgage or build long-term equity through rental income. Close to to some of Waterloo's best schools including Vista Hills Public School and Laurel Heights Secondary School. Its just minutes to the University of Waterloo, Wilfrid Laurier University, and all major amenities including shopping, restaurants, public transit, the Boardwalk, Costco, and scenic trails. This home is ideal for families, multigenerational households, investors, or anyone looking for flexible living with income support. With modern finishes, a legal basement suite, and a prime Laurelwood location, it offers exceptional value and pride of ownership throughout.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $4,930
- Land Transfer Tax Fee
- $12,455
Rental Items
- Rental Equipment
- Hot Water Tank
- Basement Type
- Apartment, Separate Entrance
Interior Features
- Laundry Level
- Main Level
- Interior Extras
- Accessory Apartment
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
Building
- Building Type
- Detached
- Building Style
- 2-Storey
Construction
- Exterior Finish
- Vinyl Siding, Brick
- Roof
- Asphalt Shingle
- Foundation Details
- Poured Concrete
- Special Designation
- Unknown
Lot
- Lot Front
- 32.11 ft
- Lot Depth
- 119.00 ft
Inclusions
- Inclusions
- All ELF's, S/S Fridge, S/S Stove, S/S B/I Dishwasher, Washer and Dryer, Basement Appliances (Fridge, Stove, Washer and Dryer)
Parking & Garages
- Garage Type
- Built-In
- Garage Spaces
- 1
- Parking Spaces
- 2
- Total Garage And Parking Spaces
- 3
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Central Air
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 3 + 1
- Washrooms
- 4
- Kitchens
- 2
Room sizes
- Living Room—Main level, Laminate, Overlooks Dining
- Dining Room—Main level, Ceramic Floor, Overlooks Living, Overlooks Backyard
- Kitchen—Main level, Ceramic Floor, Overlooks Dining, Stainless Steel Appl
- Primary Bedroom—Second level, Vinyl Floor, 5 Pc Ensuite, Walk-In Closet(s)
- Bedroom 2—Second level, Vinyl Floor, Closet, Window
- Bedroom 3—Second level, Vinyl Floor, Closet, Window
- Living Room—Basement level, Laminate, Window
- Bedroom—Basement level, Laminate, Closet, Window
Washrooms
- 2-piece, Main
- 5-piece, Second
- 4-piece, Second
- 4-piece, Basement
- Municipality
- Waterloo
- Main cross streets
- Columbia Forest and Erbsville Rd
- Directions
- Columbia Forest and Erbsville Rd
- MLS® number
- X12349833
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2025-08-28
- Listed on
- 2025-08-18
- Days on market
- 10 days
- Possession type
- Flexible
- Co-op commission
- 2 % + HST
- Seller
- Listed by
- RE/MAX REALTY SERVICES INC.
Home Market Value
Current home valuation for 704 Black Cherry Street, Waterloo, , . Listed for $799,000
HOMEH Estimate
$612,000
Estimated Sales Range
$483,480 - $740,520
HOMEH Estimate for 704 Black Cherry Street, 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 $299,000 over $500K
$54,900
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $29,755 | $22,292 | $19,016 | $0 |
=Total mortgage | $773,624 | $741,392 | $698,166 | $639,200 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $3,777monthly | $3,620monthly | $3,409monthly | $3,121monthly |
Land Transfer Tax
$12,455
$12,455
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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