
224 LINCOLN Road
Waterloo, Ontario
4 bed • 2 bath • Single Family
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.
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