217 PINEGROVE Crescent
Waterloo, Ontario
6 bed • 2 bath • Single Family
Great Buying and Investment & Multi-Generational Living Opportunity in the Heart of Waterloo! Welcome to this stunning, bright, and spacious detached bungalow situated on a premium wide lot in one of Waterloo's most sought-after locations, just minutes from University of Waterloo and Wilfrid Laurier University. Perfect for families, investors, and savvy buyers seeking strong rental potential and long-term appreciation, this beautifully renovated and move-in-ready home offers exceptional versatility with a legal walk-out bsmt apartment complete with occupancy certificate from the City of Waterloo - ideal for generating additional rental income, student housing, or multi-generational living, making it a rare positive cash flow opportunity in a high-demand university district. The main level features 3 spacious bdrms, oversized windows filled with natural light, elegant new 8mm luxury vinyl flooring (2026) fresh modern paint, new upgraded lighting with Decora style switches and plugs and a stylish kitchen with custom pull-out drawers and built-in beverage bar, while the family room offers flexibility as a home office, entertainment area, guest suite. The legal lower-level apartment includes a separate double-door walk-out entrance, large bright windows, generous living space, eat-in kitchen, spacious bedrooms, office/flex rm, separate laundry, and abundant storage, creating excellent rental appeal for students, professionals, or extended family. Additional highlights include no carpet throughout, main floor and bsmt laundry for easy convenience, oversized single garage with inside entry, parking for up to 5 vehicles, and a private backyard retreat perfect for relaxation and entertaining. Ideally located close to schools, shopping, public transit, ION LRT, St. Jacobs Farmers' Market, Conestoga Mall, expressways, and Highway 85, this exceptional property offers the perfect combination of lifestyle and income potential in one of Waterloo's most desirable neighbourhoods.
Price History
Schools
Elementary
- Sir Edgar Bauer Catholic Elementary School0.2 km
Catholic · Waterloo CDSB · 445 students
Grade 3 reading: 76% met the provincial standard · Grade 6 math: 60% met the provincial standard
- Cedarbrae Public School0.5 km
Public · Waterloo Region DSB · 240 students
Grade 3 reading: 21% met the provincial standard · Grade 6 math: 14% met the provincial standard
- N A MacEachern Public School0.8 km
Public · Waterloo Region DSB · 260 students
Grade 3 reading: 97% met the provincial standard · Grade 6 math: 55% met the provincial standard
Secondary
- St David Catholic Secondary School2 km
Catholic · Waterloo CDSB · 1080 students
Grade 10 literacy: 97% met the provincial standard
- Waterloo Collegiate Institute2.2 km
Public · Waterloo Region DSB · 1480 students
Grade 10 literacy: 85% met the provincial standard
- Laurel Heights Secondary School4.1 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 N2L
- Population
- 37,953
- Private dwellings
- 19,681
- Median age
- 29.8
- Average household size
- 2.2
- Median household income
- $69,500
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
- 1,029
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,029 recorded sales of single family properties in Waterloo over the last 12 months.
Location
Mortgage Calculator
$179,980
Estimated Monthly Payment
$4,421
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,421/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $225/mo
Estimates only. Consult a financial advisor.
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