
561 CHANCERY Lane
Waterloo, Ontario
3 bed • 3 bath • Single Family
Welcome to 561 Chancery Lane, Waterloo – a beautifully open and spacious backsplit nestled in one of Waterloo’s most desirable neighbourhoods. Offering 3 bedrooms, 3 full bathrooms, and exceptional indoor and outdoor living spaces, this home is designed for both everyday comfort and entertaining. The bright and inviting main level features soaring cathedral ceilings, hardwood flooring, and an open-concept living and dining area filled with natural light. The gourmet kitchen is sure to impress with stainless appliances, double wall ovens, a gas cooktop, built-in Miele coffee maker, and a spacious island perfect for gathering with family and friends. The lower level is an entertainer’s dream, showcasing a stylish bar area, custom built-ins, heated slate flooring, and a convenient walk-up to the backyard. A 3-piece bathroom on this level adds functionality and convenience for guests. Upstairs, you'll find three generously sized bedrooms and an updated 4-piece bathroom. The primary bedroom offers the added luxury of a private 3-piece ensuite. The basement provides excellent flexibility and can be used as a home gym, office, additional bedroom, or hobby space. A dedicated laundry room completes this level. Step outside to your own backyard retreat featuring a heated inground pool surrounded by stamped concrete. The cabana is fully equipped with hydro, speakers, a ceiling fan, and a fireplace, creating the perfect setting for summer entertaining. A separate pool house provides ample storage for all your pool equipment and accessories. Completing this home is a double attached garage and a fantastic location close to parks, schools, shopping, and all the amenities Waterloo has to offer.
Price History
Schools
Elementary
- Laurelwood Public School0.5 km
Public · Waterloo Region DSB · 705 students
Grade 3 reading: 88% met the provincial standard · Grade 6 math: 88% met the provincial standard
- St Nicholas Catholic Elementary School1.1 km
Catholic · Waterloo CDSB · 495 students
Grade 3 reading: 71% met the provincial standard · Grade 6 math: 44% met the provincial standard
- Mary Johnston Public School1.4 km
Public · Waterloo Region DSB · 375 students
Grade 3 reading: 83% met the provincial standard · Grade 6 math: 72% met the provincial standard
Secondary
- Laurel Heights Secondary School1.4 km
Public · Waterloo Region DSB · 1765 students
Grade 10 literacy: 87% met the provincial standard
- Resurrection Catholic Secondary School3.7 km
Catholic · Waterloo CDSB · 1920 students
Grade 10 literacy: 90% met the provincial standard
- Waterloo Collegiate Institute4.3 km
Public · Waterloo Region DSB · 1480 students
Grade 10 literacy: 85% 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 N2T
- Population
- 20,634
- Private dwellings
- 7,109
- Median age
- 41.2
- Average household size
- 2.9
- Median household income
- $127,000
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
- 1,028
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,028 recorded sales of single family properties in Waterloo over the last 12 months.
Location
Mortgage Calculator
$219,800
Estimated Monthly Payment
$5,399
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $5,399/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $275/mo
Estimates only. Consult a financial advisor.