
285 MAGNOLIA Place
Waterloo, Ontario
- 4 bed
- 3 bath
- Single Family
1st time to market—this original owner home has been lovingly maintained for nearly 40 years and is ready to welcome its next chapter. Nestled in the highly desirable Northlake neighbourhood, this spacious 4-bedroom, 2.5-bathroom home sits on an impressive 60 x 135 ft lot, offering both comfort and potential for years to come. From the moment you arrive, you’ll appreciate the pride of ownership. A large driveway and double car garage provide ample parking, while the beautifully landscaped front yard and newly installed walkway create a charming and inviting entrance. Step inside to discover a bright and airy main floor filled with natural light. Thoughtfully designed for both everyday living and entertaining, the layout features a formal living room, a dedicated dining space, and a generous family room complete with a cozy wood-burning fireplace. The eat-in kitchen offers plenty of space for family meals, while the convenience of a main floor powder room and laundry room adds to the home’s functionality. Upstairs, you’ll find four well-proportioned bedrooms, including a spacious primary suite with large closet and a private ensuite. An additional full bathroom completes the upper level. The finished basement expands your living space with a versatile recreation room—perfect for a home theatre, playroom, gym, or office. You’ll also find abundant storage and a rough-in for a future bathroom, offering even more potential for customization. Outdoors, this pool-sized, flat lot is fully fenced providing privacy and tranquility. Mature trees and established gardens create a serene setting, while the deck and shaded patio area—with a decorative fish pond—offer a balance of sun and shade for relaxing or entertaining all summer long. Located on quiet and family-friendly Magnolia Place, this home offers easy access to highways, St. Jacobs Market, excellent schools, and everyday amenities. Ready to be welcome it's new owner for the next 40 years.
Price History
Schools
Elementary
- Northlake Woods Public School0.1 km
Public · Waterloo Region DSB · 340 students
Grade 3 reading: 87% met the provincial standard · Grade 6 math: 78% met the provincial standard
- N A MacEachern Public School0.9 km
Public · Waterloo Region DSB · 260 students
Grade 3 reading: 97% met the provincial standard · Grade 6 math: 55% met the provincial standard
- Sir Edgar Bauer Catholic Elementary School1.1 km
Catholic · Waterloo CDSB · 445 students
Grade 3 reading: 76% met the provincial standard · Grade 6 math: 60% met the provincial standard
Secondary
- St David Catholic Secondary School3.3 km
Catholic · Waterloo CDSB · 1080 students
Grade 10 literacy: 97% met the provincial standard
- Waterloo Collegiate Institute3.5 km
Public · Waterloo Region DSB · 1480 students
Grade 10 literacy: 85% met the provincial standard
- Laurel Heights Secondary School3.7 km
Public · Waterloo Region DSB · 1765 students
Grade 10 literacy: 87% 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 N2V
- Population
- 19,428
- Private dwellings
- 6,360
- Median age
- 38
- Average household size
- 3.1
- Median household income
- $126,000
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
- $692,500
- Homes sold
- 1,035
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,035 recorded sales of single family properties in Waterloo over the last 12 months.
Walk Score
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Location
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Mortgage Calculator
$175,980
Estimated Monthly Payment
$4,323
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,323/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $220/mo
Estimates only. Consult a financial advisor.
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