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22 - 121 UNIVERSITY Avenue

22 - 121 UNIVERSITY Avenue

Waterloo, Ontario

4 bed • 3 bath • Single Family

$445,000

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.

R

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