Skip to main content
224 LINCOLN Road

224 LINCOLN Road

Waterloo, Ontario

4 bed • 2 bath • Single Family

$799,000

Rare opportunity in a desirable Waterloo neighbourhood! Welcome to 224 Lincoln Rd, a solid detached two-storey home situated on a generous 67 ft × 120 ft walk-out lot, offering exceptional potential for homeowners, investors, and builders. The home features a bright and functional layout with spacious principal rooms and generously sized bedrooms. Large windows bring in abundant natural light, creating a warm and inviting atmosphere. The walk-out basement provides additional living space and flexibility for recreation, extended family use, or future in-law potential. One of the standout features of this property is the extra-long private driveway, providing ample parking and convenient winter maintenance. Set on a rare 67-ft wide walk-out lot surrounded by mature trees, this property offers excellent redevelopment potential. Whether you choose to renovate, hold as an investment, or design and build your dream home, the generous lot size and walk-out grading provide outstanding possibilities. Ideally located close to parks, schools, shopping, and public transit, and just minutes from University of Waterloo and Wilfrid Laurier University. Properties with wide walk-out lots and redevelopment potential in this location are increasingly rare — a fantastic opportunity to secure a property with both immediate liveability and long-term upside.

Price History

Schools

Elementary

  • Lincoln Heights Public School0.3 km

    Public · Waterloo Region DSB · 450 students

    Grade 3 reading: 71% met the provincial standard · Grade 6 math: 47% met the provincial standard

  • ÉÉC Mère-Élisabeth-Bruyère0.5 km

    French Catholic · CS catholique MonAvenir · 220 students

    Grade 3 reading: 84% met the provincial standard · Grade 6 math: 68% met the provincial standard

  • St Agnes Catholic Elementary School0.7 km

    Catholic · Waterloo CDSB · 595 students

    Grade 3 reading: 80% met the provincial standard · Grade 6 math: 43% met the provincial standard

Secondary

  • Bluevale Collegiate Institute0.8 km

    Public · Waterloo Region DSB · 1115 students

    Grade 10 literacy: 88% met the provincial standard

  • Waterloo Collegiate Institute1.8 km

    Public · Waterloo Region DSB · 1480 students

    Grade 10 literacy: 85% met the provincial standard

  • St David Catholic Secondary School1.8 km

    Catholic · Waterloo CDSB · 1080 students

    Grade 10 literacy: 97% met the provincial standard

Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.

Community

Postal area N2J

Population
20,899
Private dwellings
10,672
Median age
36.8
Average household size
2.2
Median household income
$74,500

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Single Family in Waterloo · last 12 months

Median sold price
$695,000
Homes sold
1,024
Median days on market
21
Sale-to-list price
99.8%

Based on 1,024 recorded sales of single family properties in Waterloo over the last 12 months.

Location

Mortgage Calculator

$159,800

Estimated Monthly Payment

$3,925

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $3,925/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $200/mo

Estimates only. Consult a financial advisor.

R

Reita | Assistant

Online

Reita said:

Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?

Interested in this property?

By submitting this form you consent to REintel, operated by Direct Realty Ltd. (6992 Hwy 62, Belleville, ON K8N 0L7) contacting you to respond to your inquiry and send you relevant property listings, market updates, and real-estate information. You can withdraw your consent at any time using the unsubscribe link in every email, or by contacting us at the mailing address above.

Cookie Preferences