558 Sprucehill Avenue

Introducing a delightful opportunity to acquire a house for sale in Waterloo , located at 558 Sprucehill Avenue, Waterloo. This inviting detached bungalow, with a raised design, is situated in the desirable community of 421 - Lakeshore/Parkdale, within the vibrant city of Waterloo. This property offers a blend of space, comfort, and flexibility, making it an ideal choice for families or individuals seeking a welcoming home.

As you step into this charming residence, you will immediately notice the bright and airy main level, which boasts three well-proportioned bedrooms and a thoughtfully designed kitchen. The kitchen, positioned at the heart of the home, has been beautifully renovated, making it a perfect space for culinary enthusiasts and family gatherings. The natural light that flows through the house creates a warm and inviting atmosphere, enhancing the overall appeal of this house for sale in Waterloo.

In addition to the main living areas, this property features a den, providing an extra space that can be utilised as a home office or study, catering to modern living needs. The house comprises a total of 15 rooms, ensuring ample space for relaxation and entertainment. The presence of three bathrooms is a significant advantage, allowing for convenience and privacy among family members or guests.

While the house does not include a family room, the layout allows for flexible use of space, making it easy to create comfortable living areas. The absence of a central vacuum system is noted, but the property is equipped with central air conditioning, ensuring a pleasant indoor climate throughout the year. Additionally, the house is unfurnished, providing the new owners with the opportunity to personalise the space to their taste.

One of the standout features of this house for sale in Waterloo is the fully finished basement. This area includes a self-contained one-bedroom suite, complete with its own kitchen, dining, and living areas. Large windows in the basement allow for plenty of natural light, making the space feel bright and open. This suite is ideal for use as an in-law setup, guest quarters, or even as a convenient mortgage helper, currently generating over $1,800 per month. This added income potential is a significant advantage for prospective buyers looking to invest in a property that offers both comfort and financial benefits.

The exterior of the house features a private double-wide driveway, providing ample parking space for up to four vehicles. While there is no garage, the driveway ensures that parking is convenient and accessible. The lot measures 57 X 115 feet, offering a generous outdoor space for gardening or recreational activities. However, it is important to note that there is no pool on the property.

The location of 558 Sprucehill Avenue, Waterloo, is another key selling point. The home is perfectly positioned with quick access to the Expressway, making commuting a breeze. Families will appreciate the proximity to desirable schools, while public transit options, including the LRT and iXpress services to the University of Waterloo, are easily accessible. Additionally, shopping facilities and the popular St. Jacobs Market are just a short distance away, ensuring that all daily conveniences are within reach.

In summary, this house for sale in Waterloo at 558 Sprucehill Avenue, Waterloo, presents an excellent opportunity for those seeking a spacious and flexible living environment. With three bedrooms, a den, a finished basement suite, and a beautifully renovated kitchen, this home is ready for new owners to move in and enjoy. The potential for supplemental income, combined with the fantastic location and community amenities, makes this property a remarkable find in the Waterloo real estate market. Don’t miss out on the chance to make this house your new home!

The 421 - Lakeshore/Parkdale area in Waterloo is a picturesque neighbourhood that beautifully blends natural beauty with urban convenience. Nestled alongside the serene shores of the Grand River, it offers residents a tranquil environment with ample green spaces, parks, and scenic walking trails. The community is characterised by its charming residential streets, featuring a mix of modern homes and established properties, creating a welcoming atmosphere for families and individuals alike. With easy access to local amenities, shops, and schools, as well as a vibrant community spirit, 421 - Lakeshore/Parkdale is an ideal place for those seeking a harmonious balance between nature and city living.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, providing a variety of options for families. The closest school is Cedarbrae Public School, just 0.5 km away, offering English-language education for grades JK to 6, though it has a lower rating of 1.8. A short distance of 0.4 km brings you to Sir Edgar Bauer Catholic Elementary School, which provides both English and French instruction for grades JK to 8 and has a solid rating of 7. Northlake Woods Public School, located 1.4 km away, serves grades JK to 8 and boasts an impressive rating of 8. For older students, Waterloo Collegiate Institute is 2.1 km from the property, offering secondary education with a rating of 6.3. Additionally, N.A. MacEachern Public School, just 1.0 km away, specializes in French education for grades 1 to 6 and has a high rating of 8. Lastly, St. David Catholic Secondary School, located 1.8 km away, provides a Catholic secondary education with a rating of 7.4. Overall, this area offers a strong selection of schools catering to various educational needs and preferences.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small community with a population of 618 residents and an average household size of 2.3. The average age of residents is 43 years, indicating a mature population. With an average household income of $86,000, the economic landscape appears relatively stable, although 10.8% of the population is classified as low-income. The real estate market shows an average property price of $610,000, with 46.3% of households being renters, suggesting a significant rental market. Notably, 47.71% of the population is single, while 33.33% of households include children, reflecting a diverse family structure. The community is also characterized by a notable immigrant presence, accounting for 27.64% of residents. Educational attainment is high, with 51.4% of the population holding a college or university degree. However, a substantial portion of the community, 35.51%, is not in the labor force, which may influence local economic dynamics. Interestingly, there are no condominiums reported in the area, indicating a potential gap in housing options. Overall, this demographic snapshot highlights a blend of stability, diversity, and educational achievement within the community.