290 Lincoln Road

If you’re on the lookout for a fantastic opportunity in the heart of Waterloo, then this house for sale in Waterloo is definitely worth your attention. Nestled at 290 Lincoln Road, Waterloo, this charming bungalow-raised detached house offers a generous living space of over 2200 square feet, split between the main level and a fully finished basement. With its prime location and modern amenities, it’s perfect for first-time home buyers or savvy investors seeking a property with positive cash flow.

As you step inside this lovely home at 290 Lincoln Road, Waterloo, you’ll immediately appreciate the open concept living and dining area, which is bathed in natural light thanks to the pot lights that adorn the ceiling. The layout is ideal for entertaining friends and family, or simply enjoying a quiet evening at home. The kitchen, while private, is well-equipped and functional, making it a delightful space for whipping up your favourite meals. The main level boasts three generously sized bedrooms, providing ample space for family or guests, and a well-appointed 4-piece bathroom.

But that’s not all! The real gem of this house for sale in Waterloo lies in its income-producing basement. With a separate entrance, the basement features three very large bedrooms, making it an attractive option for renters or extended family. The spacious kitchen in the basement has been fully updated, and there’s another 4-piece bathroom along with laundry facilities. This setup not only adds to the living space but also enhances the potential for rental income, making it a smart investment choice.

The house at 290 Lincoln Road, Waterloo, has been fully renovated from top to bottom, ensuring that you can move in without the hassle of immediate renovations. Recent updates in 2024 include a central air conditioning system, heat pump, and furnace, keeping you comfortable all year round. The exterior of the home features a combination of aluminium siding and brick, giving it a modern yet classic look.

While this house for sale in Waterloo does not have a pool, it compensates with its fantastic outdoor space. The lot measures a generous 84 by 128 feet, providing plenty of room for outdoor activities or gardening. There’s an attached garage with space for one vehicle, and additional parking for up to four cars, making it convenient for you and your guests.

Location is key, and this property is perfectly situated just steps away from shopping centres, a variety of restaurants, schools, and public transit options. You’ll find yourself mere minutes from Conestoga College, the University of Waterloo, and Wilfrid Laurier University, making it an ideal spot for students or faculty members looking for a home in the area.

This house for sale in Waterloo is unfurnished, allowing you to put your own personal touch on the space. With central air conditioning, municipal water, and sewer services, you’ll have all the modern conveniences you need. Although there’s no central vacuum system, the layout and design of the home make it easy to maintain.

In summary, if you’re searching for a versatile property that offers both a comfortable living space and the potential for rental income, look no further than 290 Lincoln Road, Waterloo. This house for sale in Waterloo is a rare find, blending modern amenities with a prime location. Whether you’re a first-time home buyer or an investor, this home is sure to meet your needs and exceed your expectations. Don’t miss out on this opportunity to own a piece of Waterloo real estate!

Schools in the Neighbourhood

This property is conveniently located near a variety of educational institutions, making it an ideal choice for families. The closest school, Lincoln Heights Public School, is just 0.2 km away and offers elementary education from Junior Kindergarten to Grade 8, with a school rating of 5.3. For secondary education, Bluevale Collegiate Institute is located 0.9 km from the property, providing grades 9 to 12 with a higher rating of 7.3. Additionally, St. Agnes Catholic Elementary School, also 0.9 km away, offers a strong Catholic education with a rating of 8.1. Other nearby schools include Sandowne Public School and MacGregor Public School, both offering elementary education in French, with ratings of 6.3 and 0, respectively. For further secondary education options, Kitchener-Waterloo Collegiate and Vocational School is 2.9 km away, rated at 7, while St. David Catholic Secondary School is 2.0 km away, rated at 7.4. Overall, the area boasts a mix of public and Catholic schools, providing diverse educational opportunities for children of all ages.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, well-educated community with a population of 446 residents. The average household size is 2.7, and the average age of residents is 42.2 years. The area boasts a relatively high average household income of $104,000, with only 6% of the population classified as low-income. The real estate market reflects this affluence, with an average property price of $700,000. A significant portion of the population, 35.62%, is single, while 46.15% of households include children, indicating a family-friendly environment. The community is diverse, with 21.43% of residents being immigrants. Renters constitute a small segment at 12.9%, and there are no condominiums available in the area. Educational attainment is high, with 66.15% of residents holding a college or university degree. However, it is noteworthy that a substantial 44.62% of the population is not in the labor force, which may reflect various factors including retirement, caregiving, or other personal circumstances. Overall, this area presents a unique blend of affluence, education, and family-oriented living.