459 LEE Avenue

About this home.

Welcome to 459 Lee Avenue — Where Space, Comfort & Lifestyle Meet. Tucked into the heart of Colonial Acres, one of Waterloo’s most desirable neighbourhoods, this beautiful raised bungalow offers a rare blend of space, privacy, and effortless single-level living on a stunning, tree-lined 85 x 130 ft lot. Surrounded by mature trees, it feels like a private retreat while remaining minutes from everything. Inside, a bright, thoughtfully designed layout features over 2,000 sq ft on the main floor, including an oversized living room anchored by a classic brick wood-burning fireplace—perfect for entertaining or relaxing evenings at home. A separate bedroom wing provides quiet separation for families or guests, while a sun-filled rear sunroom overlooks the backyard, ideal for morning coffee or evening unwinding. Step outside to a backyard designed for living, with a tiered deck, pergola, and outdoor wood-burning fireplace, all framed by mature pines and lush landscaping for exceptional privacy. The lower level features a heated indoor pool—a rare year-round amenity that can also be reimagined as additional living space, a home gym, or an in-law suite. Located just minutes from RIM Park, Conestoga Mall, top-rated schools, and the ION LRT, this home sits in a quiet, established community known for its large lots and strong sense of neighbourhood. With key updates already completed, including roof, windows, and 200-amp service, this move-in ready home offers the perfect balance of lifestyle, flexibility, and location. (id:59491)

The full record.

How this listing prices against Colonial Acres/East Bridge.

Colonial Acres/East Bridge was one of Waterloo's busiest pockets, with 23 sales and 31 active listings over the last 30 days. The average price reached $1,122,674, far above the city average, but the median was lower at $925,000, showing how much a few high-end sales pulled the average upward. Homes took about 29 days to sell and closed at 95.57% of list, which reads as a fairly balanced higher-end market rather than an overheated one. Freeholds dominated the activity, while condo sales were limited and priced in a completely different tier.

Estimate the monthly carry.