$820,000
402 Lakeview Drive, Waterloo, ON N2L 4Z6
4 Beds
2 Baths
3 Parking
Welcome to 402 Lakeview Drive, a stunning home nestled in the highly coveted Lakeshore neighbourhood of Waterloo. Beautifully upgraded and completely move-in ready, this exceptional 3+1 bedroom raised bungalow offers an elevated living. Set on a premium lot with no rear neighbours, this property delivers rare privacy and a peaceful setting. Step inside the bright, open-concept living spaces, enhanced by newly installed pot lights and stylish designer fixtures. The expansive living and dining areas are ideal for both everyday living and elegant entertaining. Fully renovated kitchen (2026) shines with brand-new stainless steel appliances contemporary finishes and abundant space for hosting and gathering with loved ones. Every detail has been thoughtfully updated, including beautifully renovated bathrooms, a new furnace and air conditioning system and carpet-free flooring that flows throughout the entire home. The main level features 3 generously sized bedrooms, each filled with natural light, along with a tastefully updated bathroom. The fully finished walkout basement, featuring an additional bedroom, a modern 3pc bathroom and a large recreation room with direct access to a bright, inviting sunroom. This lower level is ideal for extended family living, guests or even the potential for a private in-law or granny suite. Step out onto the spacious private backyard with upper deck, complete with plenty of room for children to play and families to gather. A single-car garage with direct access to the basement adds everyday practicality. Location truly sets this property apart, with close proximity to top-tier amenities including the University of Waterloo, Laurel Creek Conservation Area, Grey Silo Golf Club, Stork Family YMCA and walking and biking trails right from your backyard and quick access to schools and the thriving tech hub. Rarely offered in one of Waterloo's most desirable communities, this home is the complete package. Book your private showing today.

Property Summary

Property Type Residential Freehold
Property Sub Type Detached
Transaction Type For Sale
Style Bungalow-Raised
Approximate Age 31-50
Bedrooms Above Grade 3
Bedrooms Below Grade 1
Bathrooms 2
Basement Full, Finished
Exposure North
Possession Flexible

Building

Building Type Detached
Square Footage 1100-1500
Exterior Aluminum Siding, Brick
Foundation Poured Concrete
Roof Asphalt Shingle
Heating Forced Air
Heat Source Gas
Cooling Central Air
Fireplace Yes

Measurements

Lot Size 45 x 150
Lot Size Units Feet
Frontage 45
Depth 150
Total Living Area 1100-1500

Land

Address 402 Lakeview Drive, Waterloo, ON N2L 4Z6
City Waterloo
Cross Street Northfield Dr W
Sewer Sewer
Pool None
Parcel Number 222650037

Parking and Garage

Total Parking 3
Garage Spaces 1
Garage Type Attached
Parking Features Private

Taxes and Listing Info

List Price $820,000
Annual Taxes $4,548
Tax Year 2025
Status Active
Listing Date 2026-06-03T19:06:12Z
MLS Number X13236200
Local Market Insight

What Buyers Should Know About 402 Lakeview Drive, Waterloo, ON N2L 4Z6

This editorial summary helps buyers look beyond the headline price and review the neighbourhood, transit, schools, rental demand, long-term value, and due-diligence items that often matter before booking a showing or submitting an offer.

Neighbourhood Analysis

402 Lakeview Drive, Waterloo, ON N2L 4Z6 is positioned in Waterloo, a part of Waterloo where buyers should compare the street setting, nearby amenities, daily travel routes, and surrounding housing stock. For a Bungalow-Raised, the strongest fit often depends on whether the location supports everyday routine as well as the numbers on paper.

School And Family Considerations

Families reviewing this Detached should confirm school boundaries directly with the local school boards before relying on listing notes. It is also worth checking walkability to parks, childcare, recreation centres, libraries, and community facilities because these details can influence both lifestyle value and future resale demand.

Transit And Access

The location should be assessed around commute patterns, access to Northfield Dr W, public transit options, parking availability, and drive times to employment areas. A property with 3 parking and practical road access can appeal to buyers who need convenience without giving up neighbourhood quality.

Investment Potential

At $820,000, buyers should compare recent nearby sales, days on market, condition, lot utility, and the cost of future repairs or upgrades. The property shows 4 bedrooms, 2 bathrooms, basement details marked as Full, Finished, and a lot size of 45 x 150, all of which can affect value.

Rental Demand

If this property is being reviewed as a rental or investment, demand should be measured by bedroom count, transit access, employment access, nearby schools, parking, and the condition of the unit or home. In Waterloo, rental appeal usually improves when a property is easy to maintain and simple for tenants to live in.

Local Attractions And Amenities

Buyers should look at grocery access, restaurants, trails, parks, shopping, medical services, and weekend amenities around Waterloo. These features do not always appear in the MLS data, but they can make a major difference in how the home feels after move-in and how future buyers compare it.

Builder, Condition, And Due Diligence

For resale homes, review renovations, permits, roof and mechanical age, exterior condition, inclusions, and rental items. For condo or newer properties, review building history, maintenance fees, reserve fund information, rules, amenities, and future cost exposure. A showing and document review should confirm anything not visible in the listing.

Nearby Infrastructure

Infrastructure matters because transit improvements, road projects, schools, parks, commercial growth, and employment nodes can change how an area performs over time. For 402 Lakeview Drive, Waterloo, ON N2L 4Z6, buyers should check municipal plans, nearby construction, zoning context, and future projects that may affect enjoyment or resale value.

This section is informational only. Buyers should verify schools, measurements, rental rules, taxes, zoning, and property condition with the appropriate professionals before making a decision.

Listing data is provided through PropTx/MLS data services and is deemed reliable but not guaranteed. Listings are subject to change without notice.