Cul-de-sac home with in-law suite basement near University of Waterloo

Property details for 488 Heather Hill Place, Waterloo

Type: Residential
Bedrooms: 5
Bathrooms: 1
Living Area: 3,286 square feet
Lot Size: 54.8 x 111.6 FT
Stories: 2
Basement: Finished, Full, Separate entrance, Walk out, N/A, N/A
Parking: Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Brick
Ownership: Freehold
Annual Taxes: $6,713 (2025)

This house sits at the end of a quiet street with no sidewalk maintenance. It's got 5 bedrooms and 4 baths across 3,286 square feet of living space. Photos show a stone and vinyl exterior with a big raised deck out back. Inside, there's a main floor kitchen with quartz counters and stainless appliances, plus a separate living room and family room. Upstairs you'll find 4 bedrooms, including a primary bedroom that's 11'8" by 18'7". The full basement is finished with its own kitchen and a 28'8" by 17'5" rec room, making it work as an in-law suite. You get parking for 6 cars including an attached garage. It's in Westvale, about 2.8 km from University of Waterloo and close to The Boardwalk shopping. Taxes run $6,691 annually. Listed at $1,235,000, which is above the nearby median sold price of $999,900.

About 488 Heather Hill Place, Waterloo — Property Score

Prime Location Strong Investment Feature Rich

Score: 73/100

Value

Priced 9.1% above area median of $1,132,450 based on 42 comparable properties nearby 56

$376/sqft - 2.7% above the $366/sqft area median 66

Stable pricing - no price changes since original listing date 50

Size

3,286 sqft - 16% more space than similarly priced homes (2,823 sqft median) 73

5 bedrooms - 1 more than similarly priced 4-bedroom homes nearby 72

4 bathrooms - typical for similarly priced properties 60

Location

$132K median household income - well above the Canadian average of $70K 96

90% of residents hold postsecondary credentials - a highly educated neighbourhood 96

100% homeownership rate - indicating a stable, owner-occupied community 100

86% of residents commute under 30 minutes - excellent commuter accessibility 99

3,200/km² population density - a well-balanced suburban area 98

Market

Just listed - area average is 46 days on market 100

+21.7% median price change over 1 month - rising prices in the area 100

13.1 months of housing supply - 157 active listings with 12 sold last month (buyer's market) 40

Features

6-car garage - more than the area average of 4.7 spots 95

Finished, Full basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

2 fireplaces - a desirable feature for Canadian winters 85

No premium extras like pool, waterfront, or view 50

Investment

0.54% effective tax rate ($6,691/yr) - very low tax burden 84

Quality

Condition

Listing

50 photos provided - 43% more than the area average of 35 photos 92

5 of 7 key property details provided (71%) - good detail coverage 76

* 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.