518 PREAKNESS Street
Waterloo, Ontario
3 bed • 3 bath • Single Family
Located in Waterloo East’s exclusive Woolwich Estates, this spotless, high-end home sits in one of the area’s most desirable pockets, surrounded by beautiful homes, mature streetscapes, parks and trails. Walking distance to Kiwanis Park, Grand View Trails, excellent schools and amenities, with easy access to the expressway, Rim Park, Grey Silo Golf Course, St. Jacobs, Conestoga Mall and Guelph. Impressive curb appeal starts with the brick and stucco exterior, interlock driveway, meticulous landscaping and oversized rich espresso front door. Exterior lighting on timers and an app-enabled in-ground sprinkler system make the outdoor care feel thoughtful and polished. Inside, the grand foyer features a vaulted ceiling and tiled floor, opening to a beautifully maintained main level with engineered hardwood flooring throughout. The kitchen offers stainless appliances, extensive cabinetry, a large island with breakfast bar seating and a servery with glass-front cabinetry, pantry, wine fridge and extra prep space. The kitchen flows into the bright living room with stone-surround fireplace, while the formal dining area offers great space for entertaining. A statement staircase leads to the second floor, where the soaring open-to-below design adds impressive detail. A bonus family room provides valuable extra living space for family, work-from-home needs or a cozy lounge area. The spacious primary bedroom features coffered ceilings, custom window treatments, a walk-in closet and well-appointed ensuite with double sinks and large frameless glass shower. Two additional bedrooms and a full 4-piece bath complete this level. Sliding doors off the kitchen lead to the fully fenced backyard, set on a pie-shaped lot offering more outdoor space than many lots in the area. Beautifully landscaped and lined with trees for added privacy, the yard features a large composite deck, pergola and backyard shed. Added bonus...the garage is fully drywalled and painted with a custom epoxy floor!
Price History
Schools
Elementary
- St Matthew Catholic Elementary School0.9 km
Catholic · Waterloo CDSB · 425 students
Grade 3 reading: 86% met the provincial standard · Grade 6 math: 72% met the provincial standard
- Bridgeport Public School1.3 km
Public · Waterloo Region DSB · 310 students
Grade 3 reading: 51% met the provincial standard · Grade 6 math: 50% met the provincial standard
- Lexington Public School1.3 km
Public · Waterloo Region DSB · 355 students
Grade 3 reading: 77% met the provincial standard · Grade 6 math: 60% met the provincial standard
Secondary
- Bluevale Collegiate Institute2.6 km
Public · Waterloo Region DSB · 1115 students
Grade 10 literacy: 88% met the provincial standard
- St David Catholic Secondary School3.9 km
Catholic · Waterloo CDSB · 1080 students
Grade 10 literacy: 97% met the provincial standard
- Rosemount - U Turn School4.2 km
Public · Waterloo Region DSB
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
- 1,026
- Median days on market
- 22
- Sale-to-list price
- 99.8%
Based on 1,026 recorded sales of single family properties in Waterloo over the last 12 months.
Location
Mortgage Calculator
$269,980
Estimated Monthly Payment
$6,632
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $6,632/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $337/mo
Estimates only. Consult a financial advisor.