
22 - 121 UNIVERSITY Avenue
Waterloo, Ontario
4 bed • 3 bath • Single Family
Welcome to Village on the Green, a well-established Waterloo community known for its mature trees, peaceful park-like setting, and rare blend of space, privacy, and convenience. Offering over 2,100 sq ft of total living space, this 4-bedroom, 2.5-bathroom end-unit townhome provides excellent flexibility for families, investors, or parents seeking housing near the universities. The functional multi-level layout features separate living and dining areas with great flow for everyday living and entertaining. The main living space is bright and welcoming with walkout access to the outdoor area, while the main floor bedroom works perfectly as a home office, guest room, or additional living space. Upstairs are three spacious bedrooms, including a large primary suite with walk-in closet and private ensuite, plus a separate family bathroom. The partially finished lower level offers additional recreation space, laundry, and plenty of storage, making the home highly practical for growing families or shared living arrangements. With $25,000 in recent updates, the home is clean, well-maintained, and move-in ready. Vacant possession with quick closing available. The layout supports strong rental potential with estimated income of approximately $3,600/month in a consistently high-demand location. Conveniently located: 2 minutes to the expressway 5 minutes or less to University of Waterloo, Wilfrid Laurier University, and Uptown Waterloo Directly across from Conestoga College Waterloo campus, close to transit, shopping, restaurants, parks, and walking trails1 owned underground parking space included, with additional parking available to rent ($50/month underground, $35/month surface). Condo fees include exterior maintenance, windows, and doors, offering a low-maintenance ownership experience in a highly desirable Waterloo neighbourhood.
Price History
Schools
Elementary
- Lincoln Heights Public School0.7 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-Bruyère0.7 km
French Catholic · CS catholique MonAvenir · 220 students
Grade 3 reading: 84% met the provincial standard · Grade 6 math: 68% met the provincial standard
- École élémentaire L'Harmonie0.8 km
French public · CS Viamonde · 290 students
Grade 3 reading: 92% met the provincial standard · Grade 6 math: 79% met the provincial standard
Secondary
- Bluevale Collegiate Institute1.2 km
Public · Waterloo Region DSB · 1115 students
Grade 10 literacy: 88% met the provincial standard
- Waterloo Collegiate Institute1.3 km
Public · Waterloo Region DSB · 1480 students
Grade 10 literacy: 85% met the provincial standard
- St David Catholic Secondary School1.4 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
$89,000
Estimated Monthly Payment
$2,186
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,186/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $111/mo
Estimates only. Consult a financial advisor.
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