292 THORNCREST Drive, Waterloo, ON N2L 5R5
- Property tax
- $7,920 / year
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
- MLS number
- X13502232
- Type
- Detached
- Status
- Active
- Bedrooms
- 5
- Bathrooms
- 4
- Postal code
- N2L 5R5
- Photos
- 50
- Laundry
- Main Level level
This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.
Rooms
17 rooms as the listing brokerage filed them, 14 of them with measurements.
Main
| Room | Size | Features |
|---|---|---|
| Foyer | 4.49 × 2.79 m | Ceramic Floor · Double Doors |
| Living Room | 7.56 × 3.68 m | Combined w/Dining · Hardwood Floor · Gas Fireplace |
| Kitchen | 3.93 × 3.12 m | Ceramic Floor · Double Sink · W/O To Deck |
| Breakfast | 3.07 × 2.13 m | Ceramic Floor |
| Office | 3.81 × 3.53 m | Hardwood Floor |
| Bathroom | not measured | 2 Pc Bath |
Second
| Room | Size | Features |
|---|---|---|
| Primary Bedroom | 6.70 × 3.68 m | Hardwood Floor |
| Bathroom | not measured | 3 Pc Ensuite |
| Bedroom 2 | 4.19 × 5.35 m | — |
| Bedroom 3 | 3.42 × 3.65 m | — |
| Bathroom | not measured | 4 Pc Bath |
Basement
| Room | Size | Features |
|---|---|---|
| Living Room | 3.68 × 4.24 m | W/O To Yard |
| Kitchen | 2.21 × 3.63 m | — |
| Bedroom | 3.68 × 3.22 m | — |
| Bedroom 2 | 4.36 × 3.93 m | — |
| Bathroom | 2.71 × 1.60 m | 4 Pc Bath |
| Laundry | 4.36 × 3.53 m | — |
Property details
As filed by the listing brokerage. Anything the board left blank is left out rather than shown as unknown — and none of it is guaranteed accurate by PropTx, so verify what you rely on.
Property
- Type
- Detached
- Style
- 2-Storey
- Class
- Residential Freehold
- Age
- 16-30
- Fronting on
- North
- Municipality
- Waterloo
- Cross street
- Glenn Forest / Thorncrest
- Zoning
- SR2A
Inside
- Bedrooms
- 5
- Bedrooms above grade
- 3
- Bathrooms
- 4
- Washrooms
- 1 on the main floor · 1 on the second floor · 1 on the second floor
- Kitchens
- 2
- Rooms above grade
- 8
- Family room
- Yes
- Fireplace
- Yes
- Fireplaces
- 1
- Basement
- Separate Entrance, Finished
- Laundry
- Main Level
- Size
- 1500-2000
Building
- Construction
- Aluminum Siding, Brick
- Roof
- Asphalt Shingle
- Foundation
- Poured Concrete
Parking
- Garage
- Attached
- Covered spaces
- 2
- Driveway spaces
- 6
- Total parking
- 6
- Features
- Private Double
Land
- Lot
- 65.93 × 114.13 feet
- Pool
- None
Heating, cooling and services
- Heating
- Forced Air
- Heat source
- Gas
- Cooling
- Central Air
- Water
- Municipal
- Sewer
- Sewer
- Electricity
- Yes
- Gas
- Yes
Features
- Property
- Park, Place Of Worship, Public Transit, School
- Interior
- Air Exchanger, Central Vacuum, In-Law Suite, Sump Pump, Water Heater, Water Softener
- Exterior
- Deck, Landscaped, Lawn Sprinkler System, Porch
Listing
- MLS number
- X13502232
- Status
- New
- Previous status
- Sold Conditional
- Listed on
- 2026-06-29
- Expires
- 2026-11-30
- Possession
- 2026-07-31
- Taxes
- $7,920 (2026)
- Board
- Toronto Regional Real Estate Board
Listing history
No previous listings found for this address.
Where this property is
Where this address sits, matched against open government data.
Matched to a published address point for this address.
Schools
The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.
Other schools nearby
By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.
| School | Level | Distance | Rating |
|---|---|---|---|
| Cedarbrae Public School Waterloo Region DSB | Elementary | 577 m | / 10 37% met the standard |
| N A MacEachern Public School Waterloo Region DSB | Elementary | 783 m | / 10 83% met the standard |
| Sir Edgar Bauer Catholic Elementary School Waterloo CDSB | Elementary | 900 m | / 10 75% met the standard |
| Beechwood Brainery | Elementary | 1.5 km | Not reported |
| Matthews Hall | Elementary | 1.4 km | Not reported |
| Northlake Woods Public School Waterloo Region DSB | Elementary | 1.6 km | / 10 89% met the standard |
How the rating is calculated
EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.
Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.
What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.
Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.
H-Value
What an H-Value is and how it is calculated — the method and our measured error, no account needed.
The market around this home
Detached houses in Waterloo — 792 sales over the last five years. Too few sold in this community to chart it on its own, so this is the whole city.
How these are built, and what they cannot tell you
Each point is the median of the sales that closed in that quarter among detached houses in waterloo. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.
This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.
Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.
This neighbourhood
Statistics Canada 2021 Census, for the surrounding few blocks — about 445 people.
The neighbourhood, by the census
Statistics Canada 2021 Census for dissemination area 35300041 — the few blocks around this address, home to 445 people. It describes the area, not this property.
Percentages are of the 265 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.
Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.
Work out the numbers
Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.
If you rented it out
How this is calculated, and what it leaves out
Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.
Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.
Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.