229 Winfield Ave
Waterloo, Ontario N2J 3M8
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1,100–1,500sq ft
- Per sq ft
- $500at the range’s middle
- Lot
- 68.09 x 148.89 ft
- Tax a year
- $5,4572026 tax year
- Built
- 51-99
- Parking
- 4none
- Days on market
- Members
The brief
About 229 Winfield Ave
229 Winfield Ave is a 2-bedroom, 2-bathroom detached house in Waterloo, listed for sale at an asking price of $649,900 (MLS® X13725366).
This detached bungalow in the desirable Lincoln Heights area of Waterloo offers an excellent opportunity for buyers looking to add their own finishing touches. Situated on a large lot with an inground pool, the spacious home features a bright, sunlit layout with plenty of potential. The main floor could easily be converted to accommodate a third bedroom, while the basement offers a separate entrance, rough-in for a second kitchen, and the potential for additional living space or a duplex, subject to the necessary approvals. The home also features a wood-burning fireplace on the main level and a gas fireplace in the basement. Being sold "as is," this property is ideal for buyers with a creative vision who are ready to renovate and transform it into an amazing home. The potential is definitely there!
Insights
Condition Score
Fair56/100Listing notes possible renovation needs
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall11/100−$1,670/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 7 detached homes with 2 bedrooms for lease in Waterloo right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $5,457 / 2026
- MLS® number
- X13725366
- Board
- TRREB MLS®
- Property Type
- Detached
- Building Age
- 51-99
- Days on market
- Size
- 1100-1500 sqft
- Lot Size
- 68.09 x 148.89 ft
- Listed on
- Parking
- None, 4 Parking
Property details
Property
- Property Type
- Detached
- Style
- Bungalow
- Municipality
- Waterloo
Building
- Size
- 1100-1500 sqft
- Building Age
- 51-99
- Construction
- Brick Veneer
Inside
- Bedrooms
- 2
- Bathrooms
- 2
- Bathroom Details
- 1 × 3pc Main, 1 × 3pc Bsmt
- Basement Type
- Full
- Kitchens
- 2
Parking
- Driveway
- Private
- Garage Type
- None
- Additional Parking
- 4
- Total Parking
- 4
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 68.09 ft
- Depth
- 148.89 ft
- Lot Size
- 68.09 x 148.89 ft
Additional
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Fireplace
- Yes
- Pool
- Inground
- Den
- Yes
- Family room
- Yes
- Extras
- None
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Br | 5.46 × 4.22 m | — | Main |
| 2nd Br | 3.02 × 3.98 m | — | Main |
| Kitchen | 3.04 × 4.15 m | — | Main |
| Living | 4.08 × 5.89 m | — | Main |
| Family | 3.45 × 8.77 m | — | Main |
| Dining | 2.85 × 4.15 m | — | Main |
| Rec | 4.0 × 6.48 m | — | Bsmt |
| Family | 4.01 × 4.12 m | — | Main |
| Other | 2.29 × 4.0 m | — | Bsmt |
| Laundry | 2.99 × 3.91 m | — | Bsmt |
| Other | 2.67 × 3.11 m | Bar Sink | Bsmt |
Listing history
Buy/sell history for 229 Winfield Ave, Waterloo, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $649,900 | N/A | Pc | X13725366 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $129,980
- Total mortgage amount
- $519,920
- Total interest payment
- $369,580
- Total purchase cost
- $1,019,480
- Mortgage payment
- $2,965/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
65%Monthly carrying cost
$3,420- Rent $1,750
- Shortfall $1,670
Rental income opens at $1,750, the median asking rent of 7 comparable homes for lease in Waterloo. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $9,473
- Total land transfer tax
- $9,473
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $5,473
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $649,900
- $4,998
- Ontario total
- $9,473
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Lot area
- 10,138 sq ft942 m²
- Street frontage
- 68.09 ft20.8 m
- Depth
- 148.89 ft45.4 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m250 m
- Groundwater recorded about 2.4 m below ground nearbyThe middle water level in the well records within 500 m (26 records). It changes with the season and from spot to spot.500 m
Province of Ontario open data
Planning and building activity2
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- Nearest airport: 9.3 km9.3 km
Province of Ontario open data
Around the home1
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- 1 facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Regional Municipality of Waterloo — Waterloo Wastewater Treatment Plant, 990 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Enova Power Corp.At the address
- Wired internet 50/10 Mbps or faster is listed at a household 80 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (80 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.80 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Netflash Internet Solutions, Rogers, Vianet, Waterloo Wireless, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Grand River Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
The market
Detached homes for sale in Waterloo right now
- For sale now
- 109
- Median asking price
- $935K
- New in 7 days
- 11
- Price cuts
- 27%
Middle half: $769K to $1.2M
47 in 28 days
29 listings
This home is asking 30% below the median, lower than three quarters of them.
See all homes in WaterlooAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Waterloo Public Square | GRT light rail: ION light rail | 1.9 km |
| Willis Way | GRT light rail: ION light rail | 2.2 km |
| Laurier - Waterloo Park | GRT light rail: ION light rail | 2.2 km |
| Allen | GRT light rail: ION light rail | 2.3 km |
| Kitchener GO | GO Transit train: Kitchener | 3 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx; GRT ION stops map layer from the Region of Waterloo under the Region of Waterloo Open Data Licence, downloaded October 18, 2026. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx. Contains information provided by the Regional Municipality of Waterloo under licence.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Lincoln Heights Public SchoolWaterloo Region DSB | Public · grades JK–8 | 400 m | 66%Grade 6 average |
| ÉÉC Mère-Élisabeth-BruyèreConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–6 | 400 m | 85%Grade 6 average |
| École élémentaire L'HarmonieConseil scolaire Viamonde | French-language public · grades JK–8 | 950 m | 84%Grade 6 average |
| St Agnes Catholic Elementary SchoolWaterloo CDSB | Catholic · grades JK–8 | 1 km | 63%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Bluevale Collegiate InstituteWaterloo Region DSB | Public · grades 9–12 | 1.1 km | 75%Grade 9 math |
| St David Catholic Secondary SchoolWaterloo CDSB | Catholic · grades 9–12 · French Immersion | 1.5 km | 67%Grade 9 math |
| Waterloo Collegiate InstituteWaterloo Region DSB | Public · grades 9–12 | 1.5 km | 57%Grade 9 math |
| École secondaire David Saint-JacquesConseil scolaire Viamonde | French-language public · grades 9–12 | 9.5 km | 70%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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