292 THORNCREST Drive

About this home.

Set on a premium 66' x 114' lot, Welcome to an exceptional family home in Waterloo's prestigious Lakeshore neighbourhood, offering approx 3,000 sqft of finished living space and the perfect blend of luxury, functionality, & income potential. This beautifully updated property features 3+2 bedrooms, 4 bathrooms, & over $150,000 in recent upgrades, making it ideal for growing families, multigenerational living. A charming double-door entry leads to a bright & inviting interior featuring new ceramic tile flooring in the foyer and kitchen, hardwood floors throughout the living room, dining room, and office, elegant pot lights, and a cozy gas fireplace. The stunning brand-new kitchen, just completed in June 2026, offers modern cabinetry, a brand new stove, and a functional layout designed for everyday living and entertaining. Walk out to the huge deck overlooking a private, mature treed backyard with a peaceful trail-like setting. The second floor offers a massive primary bedroom with an ensuite bathroom and two additional spacious bedrooms sharing a full bath. The professionally finished legal second dwelling, completed in 2023 with over $100,000 invested, features two bedrooms, a full kitchen, living area, separate entrance, and private laundry, providing excellent mortgage support or space for extended family. Additional improvements include a newly constructed walkway to the basement entrance in 2023, beautifully landscaped front gardens with an irrigation system featuring 6 sprinklers, a double-car garage, and parking for 4 more vehicles, totaling 6 parkings. Ideally located just minutes from the University of Waterloo, Wilfrid Laurier University, Conestoga Mall, top-rated schools, parks, trails, and transit. This property offers unmatched convenience and long-term value in terms of a spacious family home, an income-generating investment property, or a home that allows your university-bound children to live close to campus while building equity. RSA (id:59491)

The full record.

How this listing prices against Lakeshore North.

Lakeshore North posted 5 sales and 6 active listings, a relatively tight market by Waterloo standards. The average sale price was $786,000, a bit below the city average, but homes sold in just 17 days and at 95.78% of list, which shows buyers are engaging quickly when inventory appears. All completed sales were freeholds, so the neighbourhood's current tone is being set by detached homes rather than condos. With supply almost matching recent sales volume, this area reads as one of the steadier pockets in the city.

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