Three-Bed Bungalow Near Uptown Waterloo

Property details for 244 Royal Street, Waterloo

Type: Residential
Style: Bungalow
Bedrooms: 3
Bathrooms: 2
Lot Size: 58.5 x 153.3 FT ; 50.80 ftx148.98 ftx58.59 ftx153.25 ft
Stories: 1
Basement: Finished, Full
Parking: No Garage
Heating: Forced air, Oil
Cooling: Central air conditioning
Exterior: Brick
Ownership: Freehold
Annual Taxes: $4,631 (2026)

Two blocks from the ION light rail and barely a ten-minute walk to Uptown's restaurants and shops, this solid brick bungalow sits on a 58 by 153 foot lot. Inside, you'll find three bedrooms and two full baths with the main floor bathroom updated a few years back. The kitchen got a refresh about three years ago with stainless steel appliances and a tiled backsplash, and it flows through a dining area into the back family room. Finished basement adds a rec room, a three-piece bath, and laundry, so there's room for a home office or gym. The backyard deck is right off the kitchen, perfect for summer BBQs. It's a classic 1.5-storey layout, but the interior is in good shape. Heating runs on oil, though there's central AC for the warmer months. Priced at $729,000, which is about $100K above the median in the area, but you're paying for the lot size and location. Bluevale Collegiate is just 0.6 km away, and Wilfrid Laurier University is under 2 km. With 30 active listings nearby selling in about 42 days, this one's likely to move quick. If you're after a walkable, connected spot with solid bones, this could be the one. No garage, but there's plenty of private driveway space for three cars. Fireplace in the living room adds a nice touch for winter.

About 244 Royal Street, Waterloo — Property Score

Prime Location

Score: 70/100

Value

Priced 16.9% below area median of $877,450 based on 138 comparable properties nearby 95

Stable pricing - no price changes since original listing date 50

Size

3 bedrooms - 1 fewer than similarly priced 4-bedroom homes nearby 48

2 bathrooms - typical for similarly priced properties 60

8,968 sqft lot - a generous lot for the area 78

Location

$93K median household income - above the Canadian average of $70K 76

87% of residents hold postsecondary credentials - a highly educated neighbourhood 94

88% homeownership rate - indicating a stable, owner-occupied community 92

89% of residents commute under 30 minutes - excellent commuter accessibility 100

2,131/km² population density - a well-balanced suburban area 91

Market

Just listed - area average is 21 days on market 100

+1.6% median price change over 1 month - stable pricing in the area 58

42 months of housing supply - 252 active listings with 6 sold last month (buyer's market) 40

Features

3-car garage - area average is 4.5 spots 80

Finished, Full basement - adds valuable living space 85

standard forced air system 75

Central air conditioning - whole-home cooling 90

1 fireplace - a desirable feature for Canadian winters 75

No premium extras like pool, waterfront, or view 50

Investment

0.64% effective tax rate ($4,631/yr) - below the Canadian average of ~1% 81

12% renter population - primarily owner-occupied area 44

Quality

Condition

Listing

49 photos provided - 23% more than the area average of 40 photos 92

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.