Renovated Bungalow with In-Law Suite on Quiet Street

Property details for 198 Waterloo Avenue, Toronto

Type: Residential
Style: Bungalow
Bedrooms: 4
Bathrooms: 2
Lot Size: 52.2 x 115 FT
Stories: 1
Basement: Finished, Full
Parking: Attached Garage, Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Brick
Ownership: Freehold
Annual Taxes: $6,936

This 52x115 foot bungalow sits on a quiet street with a freshly renovated kitchen that has new tile and vinyl flooring - the photos show a modern setup with stainless appliances. You get 3 beds and a full bath upstairs, plus a full finished basement with its own separate entrance, complete with a second kitchen, living room, rec room with wet bar, and a bedroom - perfect for in-laws or renters. The above-grade windows in the basement keep it bright, not dungeon-like. Outside there's a double driveway and an attached garage, which is handy. Location is central with schools nearby - William Lyon Mackenzie CI is just 0.8 km away, and the Anne & Max Tanenbaum Community Hebrew Academy is 0.6 km. Priced at $1,250,000, that's below the $1,315,000 median in the area, and with only 8 active listings nearby, there's not much competition. Property is in solid shape - 200-amp breakers, central air, and a block foundation. Taxes run $6,936 a year. If you need space for extended family or want rental income, this layout's got you covered.

About 198 Waterloo Avenue, Toronto — Property Score

Great Location Hot Market

Score: 69/100

Value

Priced 10% below area median of $1,388,400 based on 1010 comparable properties nearby 85

Stable pricing - no price changes since original listing date 50

Size

4 bedrooms - typical for similarly priced homes 60

2 bathrooms - typical for similarly priced properties 60

6,003 sqft lot - a generous lot for the area 78

Location

$89K median household income - above the Canadian average of $70K 75

85% of residents hold postsecondary credentials - a highly educated neighbourhood 92

82% homeownership rate - indicating a stable, owner-occupied community 87

27% of residents commute under 30 minutes - longer average commute times 51

3,016/km² population density - a well-balanced suburban area 100

Market

Just listed - area average is 46 days on market 100

+14984.7% median price change over 1 month - rising prices in the area 100

33 months of housing supply - 3070 active listings with 93 sold last month (buyer's market) 40

Features

2-car garage - area average is 4.2 spots 80

Finished, Full basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

No premium extras like pool, waterfront, or view 50

Investment

0.55% effective tax rate ($6,936/yr) - very low tax burden 84

18% renter population - primarily owner-occupied area 52

Quality

Condition

Listing

14 photos provided - below the area average of 36 photos 75

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.