Real Estate for Sale in Colonial Acres, Waterloo, ON

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Neighbourhood in Waterloo

Colonial Acres

family-friendly community-oriented suburban

Colonial Acres is a residential neighbourhood in Waterloo. It offers a mix of housing options and community amenities.

Median home price is $492,500 Average rent is $2,873 Good schools with an average rating of 7.1 Diverse community with 25.8% immigrants

At a glance

Photo of 537B Barwick Crescent
For SaleNew ListingFinished BasementFully Renovated
Listed for:

Listed 2 days ago

$599,900

537B Barwick Crescent

Waterloo (Colonial Acres), ON N2K 3P4

3Bedrooms
2Bathrooms
1Garage
1.1K-1.5KSq Ft

Semi-DetachedFor Sale

Photo of Unit 706, 55 Blue Springs Drive
For SaleNew Listing
Listed for:

Listed 7 days ago

$396,000

Unit 706, 55 Blue Springs Drive

Waterloo (Colonial Acres), ON N2J 4T3

2Bedrooms
3Bathrooms
2Parking
1K-1.2KSq Ft

Condo ApartmentFor Sale

Photo of 258 Dearborn Boulevard
For SaleLarge Lot
Listed for:

Listed 8 days ago

$920,000

258 Dearborn Boulevard

Waterloo (Colonial Acres), ON N2J 4Y6

4Bedrooms
3Bathrooms
1Garage
1.5K-2KSq Ft

DetachedFor Sale

Photo of Unit PH12, 55 Blue Springs Drive
For SalePenthouse
Listed for:

Listed 9 days ago

$447,900

Unit PH12, 55 Blue Springs Drive

Waterloo (Colonial Acres), ON N2J 4T3

2Bedrooms
2Bathrooms
1Parking
1K-1.2KSq Ft

Condo ApartmentFor Sale

Photo of Unit 32, 45 Blue Springs Drive
For SaleSeparate Entrance
Listed for:

Listed 20 days ago

$599,000

Unit 32, 45 Blue Springs Drive

Waterloo (Colonial Acres), ON N2J 4P1

1Bedroom
2Bathrooms
2Parking
1.2K-1.4KSq Ft

Condo ApartmentFor Sale

Photo of 648 Bayhampton Crescent
For SaleFinished Basement
Listed for:

Listed 20 days ago

$1,249,900

648 Bayhampton Crescent

Waterloo (Colonial Acres), ON N2K 3P1

3 + 2Bedrooms
4Bathrooms
2Garage
2K-2.5KSq Ft

DetachedFor Sale

Day to dayLivability

7.1

Schools near listings

out of 10 · averaged over 118 past and present listings

Fraser Institute ratings within 2 km of each listing, closer schools weighted more

Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.

What it costsAffordability

Median asking price

$492,500

15% below Waterloo 31% below Ontario

In Colonial Acres

$492,500

In Waterloo

$579,900

In Ontario

$718,000

Median monthly rent

$2,873/mo

31% above Waterloo 15% above Ontario

In Colonial Acres

$2,873

In Waterloo

$2,200

In Ontario

$2,500

≈ 14.3 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

26

Median $492,500

Condos 17 · Houses 9

For rent

3

Median $2,873

Houses 3

Recently sold

Sign in to see sold data

Recently leased

Sign in to see leased data

Market data as of 2026-10-12. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

  • Affordable compared to city median prices
  • Family-friendly with many parks and playgrounds
  • Strong community with diverse demographics
  • Good access to schools and amenities

Keep in mind

  • Limited public transit options
  • Higher average rent compared to city median

The feel of the placeLifestyle

Daily life in Colonial Acres is relaxed and community-oriented, with access to parks and local shops. Residents enjoy a suburban feel with family-friendly activities.

Great for families first-time buyers those seeking a quiet lifestyle

Within the boundaryWhat's nearby

The boundary

5.1 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

14

Parks

11

Playgrounds

1

Transit stations

2

Grocery stores

11

Restaurants

6

Cafés

1

Gyms

2

Pharmacies

Counted across all 5.1 km² of Colonial Acres. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

1

Elementary

  • KidsAbility School

    Public · Grades JK–3 · KidsAbility E A

    Not rated

    90 students

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Colonial Acres, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

11,474

Population (2021)

7.2 km²

Area

1,593

People per km²

43.2

Median age

$116,951

Median income

69%

Own their home

2.6

People per household

4,505

Households

Every age

  • Children (under 15)15.1%
  • Working age (15–64)66.6%
  • Seniors (65+)18.3%

What is built here

  • Detached houses55.3%
  • Semi-detached6.5%
  • Townhouses9%
  • Duplexes1.1%
  • Low-rise apartments10.4%
  • High-rise apartments17.7%

Own or rent

69%Owners

30%Renters

Across 4,505 households

When it was built

Mostly 1981–1990

  • 1960 or earlier3%
  • 1961–198020%
  • 1981–199033%
  • 1991–200023%
  • 2001–200511%
  • 2006–20103%
  • 2011–20151%
  • 2016–20213%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

25.8%
Born outside Canada
36.8%
Hold a degree or higher
58%
Employment rate
3.6%
Commute by transit
89%
Commute by car
1.8
Children per family
$98,918
Median income after tax
$149,020
Average household income
7.6%
Living on a low income
$1,575/mo
Renters pay, per month
$1,386/mo
Owners pay, per month
$785,735
Median home value at census
17.7%
Renters spending 30%+ of income on housing
8.8%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 15 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap

HOMEH Market Pulse Through September 2026 Thin sales history — read the monthly counts

What homes in Colonial Acres actually sell for

20 homes changed hands in Colonial Acres over the 12 months to September 2026. Half sold above $898,250 and half below, 70.8% higher than the 12 months before. A typical home found its buyer in 33 days.

Median sold price
$898K
+70.8% year over year
Days to sell
33
1 day slower
Sales closed
20
last 12 months
Per square foot
$477
from 20 sized sales

Three years of sold prices

The line is the median. The band is the middle half of every sale — how wide it runs tells you how much one home here differs from the next.

$1.23M$1.01M$792K$572K
Oct ’23May ’24Aug ’25Sep ’26
Median sold price Middle half of sales

What buyers actually paid

$992,900

on a $1,000,000 asking price — under ask by $7,100

−10%Asking price+10%
Of the asking price
99.3%
Sold over asking
30%

From 20 sales that closed here in the last 12 months.

Rent or buy in Colonial Acres

32 years

of rent, at the going rate here, adds up to what a home here costs.

Median sold price

$898,250

20 sales

Median rent

$2,338/mo

19 leases

Gross rental yield

3.12%

before costs

Both figures come from deals that actually closed in Colonial Acres over the last 12 months. Gross yield is annual rent divided by price; it does not account for taxes, fees, maintenance, vacancy or financing.

Every month behind these charts — Colonial Acres, sales
Monthly closed sales in Colonial Acres
MonthClosedMedianMiddle halfDays% of ask
Sep 20265$630,000$617K – $665K31100.0%
Aug 20266$854,500$849K – $1.19M2099.6%
Jun 20262 Not enough sales this month to report a median
May 20262 Not enough sales this month to report a median
Apr 20262 Not enough sales this month to report a median
Mar 20261 Not enough sales this month to report a median
Oct 20252 Not enough sales this month to report a median
Aug 20251 Not enough sales this month to report a median
Jun 20251 Not enough sales this month to report a median
Apr 20251 Not enough sales this month to report a median
Mar 20251 Not enough sales this month to report a median
Feb 20251 Not enough sales this month to report a median
Sep 20242 Not enough sales this month to report a median
May 20243 Not enough sales this month to report a median
Apr 20241 Not enough sales this month to report a median
Mar 20241 Not enough sales this month to report a median
Feb 20241 Not enough sales this month to report a median
Jan 20241 Not enough sales this month to report a median
Dec 20231 Not enough sales this month to report a median
Nov 20231 Not enough sales this month to report a median
Oct 20234 Not enough sales this month to report a median

19 of these months closed fewer than 5 sales. A middle value taken over that few is not a market figure — with one sale it is simply that home's closing price — so the count is shown and the median is not. The sales themselves still count toward the 12-month figures above.

What people ask about Colonial Acres

How much does a home cost in Colonial Acres?

Homes in Colonial Acres sold for a median of $898,250 over the 12 months to September 2026, across 20 closed sales — half sold for more and half for less. That is 70.8% higher than the 12 months before it.

How long does it take to sell a home in Colonial Acres?

A home in Colonial Acres took a median of 33 days on the market over the 12 months to September 2026. Homes there closed at 99.3% of the asking price on average, with 30.0% selling over asking.

How much is rent in Colonial Acres?

The median lease in Colonial Acres closed at $2,338 a month over the 12 months to September 2026, across 19 leases.

Is it cheaper to rent or buy in Colonial Acres?

A home in Colonial Acres costs about 32.0 years of the rent on one — the median price of $898,250 against a median rent of $2,338 a month, a gross yield of 3.12%. The shorter that number, the closer buying is to renting before financing costs.

Compiled by HOMEH from sales reported closed in Colonial Acres on the Toronto Regional Real Estate Board MLS® System, through September 2026. Medians are taken over closed prices, not asking prices. Per-square-foot figures use the midpoint of the banded floor-area range MLS® carries, so they describe the group and not any one home. Not an appraisal or an opinion of value.

Condos in Colonial Acres

A condo here is its own market

15 condo apartments and 2 condo townhouses are on the market in Colonial Acres right now. Too few have closed here in the last year for us to publish a median we would stand behind.