5 - 331 NORTHLAKE Drive
Waterloo, Ontario
2 bed • 1 bath • Single Family
Welcome to Unit 5 at 331 Northlake Drive, a bright and move-in-ready condo offering a practical layout and everyday convenience, perfect for first-time buyers, downsizers, or young families. The spacious open-concept living area creates an inviting space to relax, dine, and entertain, while the kitchen offers great functionality with restored cabinetry and plenty of room for daily use. New flooring and fresh paint throughout give the unit a clean, updated feel. Two comfortable bedrooms offer versatile options for a nursery, guest room, or office, and the refreshed bathroom adds a polished touch. Enjoy the convenience of in-suite laundry, plus a storage locker for extra storage and organization. Close to schools, parks, and trails, you’ll love this location in a quiet, family-friendly Waterloo neighbourhood. Groceries, dining, and fitness options are conveniently around the corner, while Conestoga Mall and the ION Rail are nearby. If you’re looking for a low-maintenance lifestyle in a convenient location, this unit is for you! Book your private showing today.
Price History
Schools
Elementary
- Sir Edgar Bauer Catholic Elementary School1 km
Catholic · Waterloo CDSB · 445 students
Grade 3 reading: 76% met the provincial standard · Grade 6 math: 60% met the provincial standard
- Northlake Woods Public School1.1 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 School1.4 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 School2.8 km
Catholic · Waterloo CDSB · 1080 students
Grade 10 literacy: 97% met the provincial standard
- Waterloo Collegiate Institute3.1 km
Public · Waterloo Region DSB · 1480 students
Grade 10 literacy: 85% met the provincial standard
- Laurel Heights Secondary School4.6 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
- $695,000
- Homes sold
- 1,024
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,024 recorded sales of single family properties in Waterloo over the last 12 months.
Location
Mortgage Calculator
$66,000
Estimated Monthly Payment
$1,621
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $1,621/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $83/mo
Estimates only. Consult a financial advisor.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?