321 Carriage Way
Waterloo, ON
- 5 bed
- 4 bath
- approx. 2500-3000 sqft
- Detached
- 62 days on market
Welcome to this 2018-built home in Waterloo's highly desirable Kiwanis Park neighborhood, featuring a fully LEGAL ONE-BEDROOM + DEN BASEMENT APARTMENT WITH PRIVATE ENTRANCE. ideal for extended family, multi-generational living, or mortgage-helper rental income. Lovingly maintained by the original owner, this spacious residence offers 4 bedrooms, 3 bathrooms, and a double-car garage with a functional layout designed for modern family living. The main floor features a bright open-concept design with a kitchen equipped with quartz countertops, stainless steel appliances, a walk-in pantry, and an oversized island overlooking the dining and living areas. The living room features a cozy gas fireplace, creating a comfortable space for everyday living and entertaining. California shutters throughout the main and upper levels provide privacy and style. The second floor offers four spacious bedrooms, a convenient laundry room, and a primary bedroom retreat complete with a walk-in closet and private ensuite featuring a freestanding tub, walk-in shower, and private toilet room. The additional bedrooms share a family bathroom. The fully legal lower-level apartment provides exceptional flexibility with its own private entrance, full kitchen, bright living area, spacious bedroom, separate den/home office, and full bathroom with a walk-in shower. Large above-grade windows provide natural light while maintaining privacy. Conveniently located close to Kiwanis Park, schools, walking trails, shopping, public transit, and Highway 85, this home offers a rare combination of location, functionality, and income potential. A great opportunity for families, investors, or those seeking flexible living arrangements in one of Waterloo's sought-after communities. Certain images have been virtually staged.
Listing Details
- Taxes (2025)
- $7,824
- Listed
- July 8, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Construction
- Brick, Vinyl Siding
- Roof
- Shingles
- Foundation
- Concrete
- Interior
- Accessory Apartment, Auto Garage Door Remote, ERV/HRV, Storage, Sump Pump
- Lot Size
- 34.85 x 108.27 Feet
Parking
- Garage
- Attached
- Covered Spaces
- 2
- Total Parking
- 4
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- University Avenue East & Woolwich Street
- Parcel Number
- 227211017
- Possession
- Flexible
- Occupancy
- Owner
Included
- Inclusions
- Ss Fridg/ Ss Stove/Ss Dishwasher/Ss Microwave/Washer and Dryer/ Mini Fridge in the Laundry room, Garage Door Opener, All Basement Appliances(Ss Fridg/ Ss Stove/Ss Dishwasher/Ss Microwave/Washer and Dryer), All ELF and All California Chatters.
- Rental Items
- The water heater.
Schools
Elementary
- St Matthew Catholic Elementary School1 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 School1.5 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
- Rosemount - U Turn School4 km
Public · Waterloo Region DSB
- St David Catholic Secondary School4 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 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
Residential Freehold in Waterloo · last 12 months
- Median sold price
- $695,000
- Homes sold
- 1,036
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,036 recorded sales of residential freehold properties in Waterloo over the last 12 months.
Rooms
2 × 4-piece on Second, 2-piece on Ground, 3-piece on Basement
Second
- Bedroom 210'8" x 10'8"
- Bedroom 313'11" x 10'10"
- Bedroom 414'9" x 14'6"
- Laundry10'3" x 6'1"
- Primary Bedroom16'3" x 14'1"
Ground
- Dining Room23' x 12'4"
- Kitchen23' x 12'4"
- Living Room22'1" x 12'1"
Basement
- Bedroom16'1" x 12'3"
- Dining Room19'7" x 11'11"
- Kitchen19'7" x 11'11"
- Living Room19'7" x 11'11"
Listed by
RIGHT AT HOME REALTY
Walk Score
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Location
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Mortgage Calculator
$229,800
Estimated Monthly Payment
$5,645
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
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $5,645/mo (20% down, 5.5%)
Taxes: $652/mo · Insurance: $287/mo
Estimates only. Consult a financial advisor.
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