510 Oakridge Place, Waterloo
Welcome to this exceptional bungalow featuring two legal units, offering a fantastic opportunity for homeowners, investors, or multi-generational families. Located in the desirable Old Lakeshore neighbourhood, this well-maintained property combines comfortable living, excellent rental potential, and an impressive 8’ x 20’ Swim Spa. The home has been thoughtfully updated over the years, including a newer electrical panel and plumbing, a 2020 furnace and A/C, a 2020 on-demand water heater, a 2019 asphalt driveway, an updated, newly legal 1-bed basement unit, a garage door, eavestroughs and fascia, plus an updated steel roof. The front porch and fully fenced backyard were newly completed this year. The bright primary bedroom features sliding-door access to a new deck surrounding the Swim Spa, creating a private and relaxing outdoor oasis. The fenced yard, complemented by privacy curtains and mature trees, offers excellent potential to create your own backyard retreat. A large storage shed provides additional convenience. Inside, the spacious updated kitchen is ideal for anyone who loves to cook, featuring stainless steel appliances, a gas stove, oversized refrigerator, deep sink, and an extra-large peninsula countertop. The updated main-floor bathroom includes convenient laundry and a walk-in shower. The living room is filled with natural light through a large picture window overlooking the peaceful cul-de-sac. Downstairs, the legal 1 beds basement provides a gas fireplace, modern kitchen, additional bedroom, and full bathroom. It is ideal for independent living and also offers excellent potential as a stable rental unit, providing an additional source of rental income for the property. Enjoy a fantastic location close to Laurelwood Conservation Area, the University of Waterloo, and the LRT, while being within walking distance of schools, public transit, and shopping. (id:1945)
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Property details for 510 Oakridge Place, Waterloo
- Type
- Multi-family
- Bedrooms
- 3
- Bathrooms
- 2
- Living Area
- 1,766 square feet
- Stories
- 1
- Basement
- Finished, Full
- Parking
- Attached Garage
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Exterior
- Vinyl siding
- Ownership
- Freehold
- Annual Taxes
- $4,755
Nearby Listings Stat
Estimated price and comparable properties near 510 Oakridge Place
Active Listings
16
Min Price
$349,999
Max Price
$890,000
Avg Price
$517,550
Days on Market
60
days
Sold Listings
11
Min Sold Price
$275,000
Max Sold Price
$799,000
Avg Sold Price
$619,391
Days until Sold
29
days
Neighbourhood Census Data
Waterloo, Ontario
Population
489
Median Age
44.2
Median Income
$34,176
Dwelling Value
$319,996
Housing Tenure
Owners 89%
Renters 11%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.3
Pop. Density: 2,484.8/km²
Avg Shelter Cost: $1,143/mo
Owners with Mortgage: 52.5%
Owners Spending 30%+: 12.8%
Tenants Spending 30%+: 60%
English only: 90.8%
English and French: 8.2%
Median Household Income: $75,776
Median Employment Income: $35,712
Price History
Listed
August 12, 2026
by Royal LePage Peaceland Realty
Current Price
$890,000
Type
Multi-family
For Sale
Contact Agent Get in touch about 510 Oakridge Place, Waterloo
Li Zhang
Royal LePage Peaceland Realty
