514 COLONIAL Drive
Waterloo, Ontario
4 bed • 4 bath • Single Family
Welcome to this exceptional Classic Colonial Acres family home with inground pool on an exceptional mature setting, where timeless elegance meets modern comfort in a beautifully established setting. Boasting 4 bedrooms and 4 bathrooms, this spacious 2946 sq foot residence is thoughtfully designed for both everyday living and memorable entertaining. The bright, expansive kitchen serves as the heart of the home, seamlessly connecting to a stunning formal dining room and a refined living room. Unwind in the inviting family room with wood fireplace! Upstairs, the impressive primary suite offers a true retreat, complete with its own gas fireplace and a stylishly updated ensuite. Three additional generously sized bedrooms provide plenty of space for family and guests alike. The fully finished lower level is an entertainer’s dream, featuring a large rec room, a versatile office or craft room, dedicated exercise area, and extensive storage. Step outside to your private backyard oasis, showcasing a beautifully landscaped, mature property with an in-ground pool and relaxing hot tub—perfect for summer days and year-round enjoyment .This remarkable home delivers space, sophistication, and lifestyle in one of the most sought-after communities—an ideal place to call home.
Price History
Schools
Elementary
- KidsAbility School0.7 km
Hospital · KidsAbility E A · 90 students
- Lester B Pearson Public School0.8 km
Public · Waterloo Region DSB · 595 students
Grade 3 reading: 75% met the provincial standard · Grade 6 math: 68% met the provincial standard
- St Luke Catholic Elementary School1 km
Catholic · Waterloo CDSB · 505 students
Grade 3 reading: 82% met the provincial standard · Grade 6 math: 73% met the provincial standard
Secondary
- St David Catholic Secondary School2.4 km
Catholic · Waterloo CDSB · 1080 students
Grade 10 literacy: 97% met the provincial standard
- Waterloo Collegiate Institute2.9 km
Public · Waterloo Region DSB · 1480 students
Grade 10 literacy: 85% met the provincial standard
- Bluevale Collegiate Institute3 km
Public · Waterloo Region DSB · 1115 students
Grade 10 literacy: 88% 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 N2K
- Population
- 29,381
- Private dwellings
- 10,815
- Median age
- 40.4
- Average household size
- 2.8
- Median household income
- $120,000
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
- 1,037
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,037 recorded sales of single family properties in Waterloo over the last 12 months.
Location
Mortgage Calculator
$318,000
Estimated Monthly Payment
$7,811
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $7,811/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $398/mo
Estimates only. Consult a financial advisor.
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