
294 ALGONQUIN Drive
Waterloo, Ontario
4 bed • 2 bath • Single Family
Architecturally Distinct Mid-Century Bungalow in Prestigious Beechwood. A rare opportunity to own a truly unique home in one of Waterloo's most sought-after neighbourhoods. Nestled within a private wooded enclave, this architecturally significant mid-century executive bungalow offers over 2,650 sq. ft. of thoughtfully designed living space and an exceptional connection to nature. Step inside and be captivated by soaring floor-to-ceiling windows that frame private views and fill the home with natural light. The spacious main level is designed for both everyday living and entertaining, featuring expansive principal rooms, a welcoming living and dining area with a striking double-sided fireplace, and multiple spaces to gather with family and friends. The lower level offers incredible flexibility with a walkout to the backyard, a large family room, two additional bedrooms or office, a full bathroom, and direct access to the garage—ideal for multi-generational living, guests, or a future in-law setup. Outside, enjoy your own private backyard retreat surrounded by mature trees, offering peace, privacy, and endless potential to create your dream outdoor oasis. Updates include windows, roof, hot water tank and boiler, electrical service, extensive landscaping. While some cosmetic updating may be desired, the home presents an outstanding opportunity to personalize a property with exceptional character in an unbeatable location. Virtual staging has been provided to show decorating potential. Situated just minutes from the University of Waterloo, top-rated schools, parks, trails, shopping, and amenities, this is a location rarely offered and highly coveted. Bring your vision and imagination or just move in—this remarkable Beechwood property is ready to become your forever home.
Price History
Schools
Elementary
- Keatsway Public School0.5 km
Public · Waterloo Region DSB · 365 students
Grade 3 reading: 79% met the provincial standard · Grade 6 math: 50% met the provincial standard
- Centennial (Waterloo) Public School0.6 km
Public · Waterloo Region DSB · 415 students
- Our Lady of Lourdes Catholic Elementary School1.4 km
Catholic · Waterloo CDSB · 385 students
Grade 3 reading: 71% met the provincial standard · Grade 6 math: 45% met the provincial standard
Secondary
- Waterloo Collegiate Institute2.1 km
Public · Waterloo Region DSB · 1480 students
Grade 10 literacy: 85% met the provincial standard
- Resurrection Catholic Secondary School2.6 km
Catholic · Waterloo CDSB · 1920 students
Grade 10 literacy: 90% met the provincial standard
- St David Catholic Secondary School2.6 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 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
- 1,026
- 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
$294,000
Estimated Monthly Payment
$7,222
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $7,222/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $368/mo
Estimates only. Consult a financial advisor.