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City in Ontario

Townhouses for sale in Waterloo

Name: HOMEH Market Pulse — Waterloo closed sales and leases
Creator: HOMEH
License: https://homeh.com/terms-of-use

There are 55 townhouses for sale in Waterloo today, with a median asking price of $518,000 (-10% vs. all homes in Waterloo). 11 are freehold townhouses, 44 are condo townhouses and 4 are new townhouses. The most active neighbourhoods are Beechwood West, Downtown Waterloo and Westvale.

community-oriented family-friendly active

121,436 people lived in Waterloo at the 2021 Census, in 46,995 households. 61% of households owned their home and 39% rented. The most common homes were single-detached houses (49%) and apartments in buildings of five or more storeys (22%). 33% of homes were built before 1981, and 17% since 2011. 84% of commuters went to work by car and 6% by public transit.

Population of 121,436

Waterloo, Ontario

Waterloo Townhomes for Sale

Day to dayLivability

Walkability

out of 100 · averaged over 19,770 past and present listings

Average walk score reported on listings here

6.7

Schools near listings

out of 10 · averaged over 19,770 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

$575,000

20% below Ontario

In Waterloo

$575,000

In Ontario

$716,900

Median monthly rent

$2,200/mo

12% below Ontario

In Waterloo

$2,200

In Ontario

$2,499

$626

Per square foot

≈ 21.8 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

341

Median $575,000

Condos 189 · Houses 152

For rent

143

Median $2,200

Condos 84 · Houses 59

Recently sold

Recently leased

Market data as of 2026-08-16. 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

Good variety of amenities and services
Family-friendly with parks and schools
Relatively affordable compared to province median
Active community with many restaurants and cafes

Keep in mind

Prices are above the city average
Limited public transit options

The feel of the placeLifestyle

Daily life in Waterloo offers a balance of urban and suburban feel, with plenty of recreational options. Residents enjoy access to parks, schools, and dining.

Great for first-time buyers families students

Within the boundaryWhat's nearby

The boundary

64.9 km²

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

279

Parks

165

Playgrounds

Transit stations

Grocery stores

165

Restaurants

Cafés

Gyms

Libraries

Pharmacies

Counted across all 64.9 km² of Waterloo. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

7.1/10

Average rating of the 31 rated schools in this area

Elementary

Secondary

Abraham Erb Public School
Public · Grades JK–6 · Waterloo Region DSB
9.3/108.9 over 5 yrs
53rd of 3,045 Ontario elementary schools
395 students · EQAO 2024-2025
Laurelwood Public School
Public · Grades JK–8 · Waterloo Region DSB
9.1/109.0 over 5 yrs
77th of 3,045 Ontario elementary schools
705 students · EQAO 2024-2025
Vista Hills Public School
Public · Grades JK–8 · Waterloo Region DSB
9.1/108.2 over 5 yrs
77th of 3,045 Ontario elementary schools
775 students · EQAO 2024-2025
N A MacEachern Public School
Public · Grades JK–6 · Waterloo Region DSB
8.8/107.8 over 5 yrs
118th of 3,045 Ontario elementary schools
260 students · EQAO 2024-2025
Laurel Heights Secondary School
Public · Grades 9–12 · Waterloo Region DSB
8.7/108.2 over 5 yrs
33rd of 742 Ontario secondary schools
1,765 students · EQAO 2024-2025
Millen Woods Public School
Public · Grades JK–6 · Waterloo Region DSB
8.6/108.1 over 5 yrs
150th of 3,045 Ontario elementary schools
275 students · EQAO 2024-2025

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Waterloo, 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

121,436

Population (2021)

64.1 km²

Area

1,896

People per km²

38.6

Median age

$106,051

Median income

61%

Own their home

2.6

People per household

46,995

Households

Every age

Children (under 15)14.5%
Working age (15–64)70.1%
Seniors (65+)15.4%

What is built here

Detached houses49.3%
Semi-detached4.4%
Townhouses11.4%
Duplexes2.1%
Low-rise apartments10.6%
High-rise apartments22%

Own or rent

61%Owners

39%Renters

Across 46,995 households

When it was built

Mostly 1961–1980

1960 or earlier9%
1961–198023%
1981–199018%
1991–200016%
2001–200510%
2006–20105%
2011–20156%
2016–202111%

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.

27.5%
Born outside Canada: 43.6%
Hold a degree or higher: 57.7%
Employment rate: 6%
Commute by transit: 83.9%
Commute by car: 1.8
Children per family: $90,684
Median income after tax: $128,301
Average household income: 11.4%
Living on a low income: $1,587/mo
Renters pay, per month: $1,454/mo
Owners pay, per month: $715,738
Median home value at census: 28.4%
Renters spending 30%+ of income on housing: 15.6%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 155 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 school registry, Photo: © Wikimedia Commons contributors (CC BY-SA)

HOMEH Market Pulse Townhouses only Through September 2026 Deep sales history

What Townhouses in Waterloo Sell For

149 townhouses changed hands in Waterloo over the 12 months to September 2026. Half sold above $541,947 and half below, 8.5% lower than the 12 months before. A typical townhouse found its buyer in 34 days.

Median sold price: $542K; -8.5% year over year
Days to sell: 34; Unchanged
Sales closed: 149; last 12 months
Per square foot: $398; from 147 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 townhouse here differs from the next.

$1.08M$830K$577K$325K

Mar ’24Jan ’25Dec ’25Sep ’26

Median sold price Middle half of sales

What buyers actually paid

$986,400

on a $1,000,000 asking price — under ask by $13,600

−10%Asking price+10%

Of the asking price: 98.6%
Sold over asking: 25.5%

From 149 sales that closed here in the last 12 months.

Rent or buy in Waterloo

16.6 years

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

Median sold price

$541,947

149 sales

Median rent

$2,724/mo

29 leases

Gross rental yield

6.03%

before costs

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

What actually trades in Waterloo

A single median hides this: the mix of townhouses behind it, and what each kind costs.

149sales

Condo town$489K73.8%
Freehold town$692K26.2%

How fast it moves

Median days on market, month by month. Taller means slower.

Aug 2024Sep 2026

Terracotta marks the last 12 months.

Every month behind these charts — Waterloo, sales

Monthly closed sales in Waterloo
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	10	$435,000	$377K – $454K	43	97.9%
Aug 2026	19	$487,000	$416K – $522K	48	99.1%
Jul 2026	17	$574,506	$430K – $673K	28	99.2%
Jun 2026	14	$550,143	$420K – $701K	29	100.1%
May 2026	17	$592,647	$508K – $753K	21	98.7%
Apr 2026	9	$720,000	$674K – $743K	16	99.3%
Mar 2026	6	$488,750	$457K – $526K	21	98.3%
Feb 2026	10	$512,500	$449K – $598K	44	95.9%
Jan 2026	11	$425,000	$400K – $582K	46	97.3%
Dec 2025	11	$637,273	$473K – $798K	49	97.6%
Nov 2025	19	$538,947	$429K – $728K	30	98.3%
Oct 2025	6	$523,500	$503K – $534K	29	103.1%
Sep 2025	13	$527,500	$420K – $569K	32	100.0%
Aug 2025	13	$607,308	$498K – $726K	18	101.6%
Jul 2025	11	$492,500	$468K – $624K	28	98.7%
Jun 2025	14	$643,571	$474K – $766K	31	101.7%
May 2025	19	$630,263	$520K – $864K	31	101.4%
Apr 2025	8	$662,500	$513K – $771K	23	98.8%
Feb 2025	9	$558,500	$542K – $577K	82	99.2%
Jan 2025	5	$667,000	$629K – $801K	60	98.9%
Nov 2024	17	$605,882	$503K – $780K	31	98.3%
Oct 2024	7	$510,000	$458K – $865K	31	97.5%
Sep 2024	10	$629,000	$467K – $773K	62	99.4%
Aug 2024	13	$545,000	$505K – $629K	36	98.7%
Jul 2024	9	$535,000	$468K – $575K	30	97.7%
Jun 2024	6	$535,000	$495K – $616K	23	100.0%
May 2024	21	$654,881	$564K – $750K	12	103.8%
Apr 2024	14	$755,397	$522K – $1.03M	8	110.1%
Mar 2024	9	$607,000	$510K – $657K	14	99.0%

What people ask about Waterloo

How much does a townhouse cost in Waterloo?

Townhouses in Waterloo sold for a median of $541,947 over the 12 months to September 2026, across 149 closed sales — half sold for more and half for less. That is 8.5% lower than the 12 months before it.

How long does it take to sell a townhouse in Waterloo?

A townhouse in Waterloo took a median of 34 days on the market over the 12 months to September 2026. Townhouses there closed at 98.6% of the asking price on average, with 25.5% selling over asking.

How much is rent for a townhouse in Waterloo?

The median townhouse lease in Waterloo closed at $2,724 a month over the 12 months to September 2026, across 29 leases.

Is it cheaper to rent or buy a townhouse in Waterloo?

A townhouse in Waterloo costs about 16.6 years of the rent on one — the median price of $541,947 against a median rent of $2,724 a month, a gross yield of 6.03%. The shorter that number, the closer buying is to renting before financing costs.

What kind of townhouses sell in Waterloo?

Over the 12 months to September 2026 the mix in Waterloo was condo town (73.8% of sales, median $488,623) and freehold town (26.2% of sales, median $692,349).

Compiled by HOMEH from sales reported closed in Waterloo 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 townhouse. Not an appraisal or an opinion of value.

Questions, answered

Common questions about townhouses for sale in Waterloo

How much is a townhouse in Waterloo?

The median asking price of the 55 townhouses for sale in Waterloo is $518,000, from $339,000 to $1,049,900. By type, the median is $499,945 for condo townhouses and $650,000 for freehold townhouses.

All homes for sale in Waterloo

Are there new townhomes for sale in Waterloo?

Yes. 4 of the 55 townhouses for sale in Waterloo are new construction.

New construction homes in Waterloo

Keep looking

More Homes for Sale in Waterloo

341 homes are for sale in Waterloo. Browse by neighbourhood or home type below — and get the industry's highest Cashback Rebate when you buy with HOMEH.