292 THORNCREST Drive
Waterloo, Ontario
- 5 bed
- 4 bath
- Single Family
Set on a premium 66' x 114' lot, Welcome to an exceptional family home in Waterloo's prestigious Lakeshore neighbourhood, offering approx 3,000 sqft of finished living space and the perfect blend of luxury, functionality, & income potential. This beautifully updated property features 3+2 bedrooms, 4 bathrooms, & over $150,000 in recent upgrades, making it ideal for growing families, multigenerational living. A charming double-door entry leads to a bright & inviting interior featuring new ceramic tile flooring in the foyer and kitchen, hardwood floors throughout the living room, dining room, and office, elegant pot lights, and a cozy gas fireplace. The stunning brand-new kitchen, just completed in June 2026, offers modern cabinetry, a brand new stove, and a functional layout designed for everyday living and entertaining. Walk out to the huge deck overlooking a private, mature treed backyard with a peaceful trail-like setting. The second floor offers a massive primary bedroom with an ensuite bathroom and two additional spacious bedrooms sharing a full bath. The professionally finished legal second dwelling, completed in 2023 with over $100,000 invested, features two bedrooms, a full kitchen, living area, separate entrance, and private laundry, providing excellent mortgage support or space for extended family. Additional improvements include a newly constructed walkway to the basement entrance in 2023, beautifully landscaped front gardens with an irrigation system featuring 6 sprinklers, a double-car garage, and parking for 4 more vehicles, totaling 6 parkings. Ideally located just minutes from the University of Waterloo, Wilfrid Laurier University, Conestoga Mall, top-rated schools, parks, trails, and transit. This property offers unmatched convenience and long-term value in terms of a spacious family home, an income-generating investment property, or a home that allows your university-bound children to live close to campus while building equity. RSA
Price History
Schools
Elementary
- Cedarbrae Public School0.6 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
- Sir Edgar Bauer Catholic Elementary School0.9 km
Catholic · Waterloo CDSB · 445 students
Grade 3 reading: 76% met the provincial standard · Grade 6 math: 60% met the provincial standard
Secondary
- Waterloo Collegiate Institute2.1 km
Public · Waterloo Region DSB · 1480 students
Grade 10 literacy: 85% met the provincial standard
- St David Catholic Secondary School2.2 km
Catholic · Waterloo CDSB · 1080 students
Grade 10 literacy: 97% met the provincial standard
- Laurel Heights Secondary School3.4 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
- $691,000
- Homes sold
- 1,040
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,040 recorded sales of single family properties in Waterloo over the last 12 months.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$199,980
Estimated Monthly Payment
$4,912
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
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Mortgage: $4,912/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $250/mo
Estimates only. Consult a financial advisor.
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