Unit 28-255 Northlake Dr
Waterloo, Ontario N2V 1Z2
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 1,200–1,399sq ft
- Per sq ft
- $308at the range’s middle
- Tax a year
- $3,0652026 tax year
- Built
- 31-50
- Parking
- 1carport
- Days on market
- Members
The brief
About Unit 28-255 Northlake Dr
Unit 28-255 Northlake Dr is a 3-bedroom, 2-bathroom condo townhouse in Waterloo, listed for sale at an asking price of $399,900 (MLS® X14089324).
Pride of ownership shines throughout this lovingly maintained townhome in the highly desirable Lakeshore North neighbourhood! Thoughtful updates make this home a pleasure to show. Luxury vinyl plank flooring flows throughout, complemented by coordinating flush-mount floor registers for a clean, cohesive look. The kitchen features rich mahogany-stained cherry wood Barzotti cabinetry, generous counter space and ample drawer and cupboard storage, creating a welcoming space for everyday living. The updates continue with a main-floor powder room featuring matching mahogany-stained cherry wood cabinetry and a one-piece elongated toilet, while the renovated upper-level bathroom features a spacious 5-foot walk-in shower with a glass enclosure. Upstairs, you'll find three well-sized bedrooms, each with ample closet space and upgraded doors in place of outdated sliding closet doors. Brushed nickel hardware adds a stylish, consistent finishing touch throughout. Need more room to relax? The finished basement offers a comfortable recreation room featuring a gas fireplace (as-is), along with a utility and laundry area with additional storage space. There's even a bathroom rough-in, offering the potential to add further convenience to the basement space. Step through the living room patio doors onto your personal deck, a great spot to enjoy your morning coffee or unwind at the end of the day. Recent improvements include a condominium roof replacement in 2026, along with a new tankless/ on demand water heater. Convenience is another standout feature, with two nearby shopping plazas offering a gym, Starbucks, Tim Hortons, restaurants, shopping and everyday essentials. Easy access to major highways and the St. Jacobs Farmers' Market adds to the appeal of this well-connected Waterloo location. A lovingly cared-for home with thoughtful updates, versatile living space and everyday conveniences close at hand.
Insights
Condition Score
Good76/1002 documented update signals
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Near break-even57/100−$80/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 22 homes with 3 bedrooms for lease in Waterloo right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $3,065 / 2026
- MLS® number
- X14089324
- Board
- TRREB MLS®
- Property Type
- Condo Townhouse
- Building Age
- 31-50
- Days on market
- Size
- 1200-1399 sqft
- Listed on
- Parking
- Carport, 1 Parking
Property details
Property
- Property Type
- Condo Townhouse
- Style
- 2-Storey
- Municipality
- Waterloo
Building
- Size
- 1200-1399 sqft
- Building Age
- 31-50
- Construction
- Vinyl Siding
Inside
- Bedrooms
- 3
- Bathrooms
- 2
- Bathroom Details
- 1 × 2pc Main, 1 × 3pc 2nd
- Basement Type
- Finished
- Kitchens
- 1
Parking
- Garage Type
- Carport
- Additional Parking
- 1
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Fireplace
- Yes
- Den
- No
- Family room
- No
- Extras
- Fan remote(s), Washer, Dryer, Nest Thermostat, Freezer, Window Coverings, Rods & Hardware, Carbon Monoxide and Smoke Detectors, Built in microwave/range hood, dishwasher, refrigerator, stove
- Condo maint.
- $500
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Kitchen | 3.02 × 2.87 m | B/I Microwave, carpet free, B/I Dishwasher | Main |
| Living | 3.12 × 5.61 m | — | Main |
| Dining | 2.97 × 4.6 m | — | Main |
| Powder Rm | 1.45 × 1.42 m | 2 Pc Bath | Main |
| Rec | 4.98 × 5.54 m | Gas Fireplace | Bsmt |
| Utility | 3.48 × 5.54 m | Combined W/Laundry | Bsmt |
| Br | 2.95 × 4.88 m | Mirrored Closet | 2nd |
| 2nd Br | 4.17 × 2.87 m | — | 2nd |
| 3rd Br | 3.1 × 2.39 m | — | 2nd |
| Bathroom | 1.5 × 2.87 m | — | 2nd |
Listing history
Buy/sell history for Unit 28-255 Northlake Dr, 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 | $399,900 | N/A | For Sale | X14089324 |
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
- $79,980
- Total mortgage amount
- $319,920
- Total interest payment
- $227,580
- Total purchase cost
- $627,480
- Mortgage payment
- $1,825/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
23%Monthly carrying cost
$2,580- Rent $2,500
- Shortfall $80
Rental income opens at $2,500, the median asking rent of 22 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
- $4,474
- Total land transfer tax
- $4,474
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $474
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 $399,900
- $2,249
- Ontario total
- $4,474
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
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation2
- No mapped wetland within 120 m120 m
- 1 water-supply well recorded within 250 mIt was drilled for domestic use; 5 test or monitoring holes also recorded. From Ontario’s well records; locations can be approximate. The records do not show how this home gets its water. Wells nearby typically go down about 6.1 m.250 m
Province of Ontario open data
Planning and building activity1
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
Province of Ontario open data
Around the home2
- Nearest rail line: 590 m590 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- 1 licensed pit or quarry within 2 kmThe nearest is 1.7 km away, as mapped.2 km
- No recorded oil, gas or salt well within 250 m250 m
- 2 facilities within 1 km report pollutant releases to Environment CanadaThe nearest is Ultra Manufacturing Ltd. — Ultra Manufacturing - 640 Conrad Place, 680 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, CIK Telecom, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Netflash Internet Solutions, Rogers, 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
Condos for sale in Waterloo right now
- For sale now
- 55
- Median asking price
- $499K
- New in 7 days
- 5
- Price cuts
- 22%
Middle half: $427K to $579K
21 in 28 days
12 listings
This home is asking 20% 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
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Northfield | GRT light rail: ION light rail | 650 m |
| Conestoga | GRT light rail: ION light rail | 1.8 km |
| Research and Technology | GRT light rail: ION light rail | 1.8 km |
| University of Waterloo | GRT light rail: ION light rail | 2.8 km |
| Laurier - Waterloo Park | GRT light rail: ION light rail | 3.5 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: GRT ION stops map layer from the Region of Waterloo under the Region of Waterloo Open Data Licence, downloaded October 18, 2026. Contains information provided by the Regional Municipality of Waterloo under licence.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Sir Edgar Bauer Catholic Elementary SchoolWaterloo CDSB | Catholic · grades JK–8 · French Immersion | 700 m | 75%Grade 6 average |
| Cedarbrae Public SchoolWaterloo Region DSB | Public · grades JK–6 | 1.1 km | 51%Grade 6 average |
| Northlake Woods Public SchoolWaterloo Region DSB | Public · grades JK–8 | 1.1 km | 91%Grade 6 average |
| ÉÉC Mère-Élisabeth-BruyèreConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–6 | 3.7 km | 85%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| St David Catholic Secondary SchoolWaterloo CDSB | Catholic · grades 9–12 · French Immersion | 2.4 km | 67%Grade 9 math |
| Waterloo Collegiate InstituteWaterloo Region DSB | Public · grades 9–12 | 2.7 km | 57%Grade 9 math |
| Laurel Heights Secondary SchoolWaterloo Region DSB | Public · grades 9–12 | 4.5 km | 83%Grade 9 math |
| Bluevale Collegiate InstituteWaterloo Region DSB | Public · grades 9–12 | 4.9 km | 75%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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Sold prices in Waterloo are shown to signed-in members.