548 Mariner Drive, Waterloo, ON N2K 3Y8
- Property tax
- $4,125 / year
Welcome to this beautifully updated and freshly painted END Unit 3-bedroom, 3-bathroom Townhouse, offering a bright, spacious, and functional layout perfect for families, professionals, or investors. This well-maintained home is backing directly onto a park, providing a peaceful setting with added privacy and green space right outside your door Located in a highly desirable, family-friendly neighbourhood and within the boundary of Lester B. Pearson Public School, this home offers excellent access to schools, parks, shopping, restaurants, public transit, and everyday amenities. Conveniently located close to the University of Waterloo, Wilfrid Laurier University, and Conestoga College, making it an excellent choice for families, university professionals, students, or investors. Enjoy the perfect combination of a quiet residential setting while still being minutes from Waterloo's major educational institutions and amenities. Move-in ready, freshly updated, backing onto green space, and ideally located - a wonderful opportunity to call Waterloo home!
- MLS number
- X13696936
- Type
- Att/Row/Townhouse
- Status
- Active
- Bedrooms
- 3
- Bathrooms
- 3
- Postal code
- N2K 3Y8
- Photos
- 46
- Laundry
- Not in the unit
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
6 rooms as the listing brokerage filed them, with measurements.
Main
| Room | Size | Features |
|---|---|---|
| Living Room | 6.10 × 3.51 m | Laminate · Window |
| Dining Room | 1.52 × 2.13 m | Laminate · Window |
| Kitchen | 2.44 × 2.59 m | Large Window · Breakfast Bar |
Second
| Room | Size | Features |
|---|---|---|
| Primary Bedroom | 4.72 × 4.12 m | Laminate · Large Closet · Window |
| Bedroom 2 | 2.74 × 3.20 m | Laminate · Large Closet · Window |
| Bedroom 3 | 2.59 × 3.20 m | Laminate · Large Closet · Window |
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
- Att/Row/Townhouse
- Style
- 2-Storey
- Class
- Residential Freehold
- Fronting on
- West
- Municipality
- Waterloo
- Cross street
- Bridge St./University Ave.
Inside
- Bedrooms
- 3
- Bedrooms above grade
- 3
- Bathrooms
- 3
- Washrooms
- 1 on the second floor · 1 on the basement floor · 1 on the ground floor
- Kitchens
- 1
- Rooms above grade
- 6
- Basement
- Finished
- Size
- 1100-1500
Building
- Construction
- Aluminum Siding, Brick
- Roof
- Shingles
- Foundation
- Concrete
Parking
- Garage
- Attached
- Covered spaces
- 1
- Driveway spaces
- 1
- Total parking
- 2
- Features
- Available
Land
- Lot
- 27.87 × 114.83 feet
- Pool
- None
Heating, cooling and services
- Heating
- Forced Air
- Heat source
- Gas
- Cooling
- Central Air
- Water
- Municipal
- Sewer
- Sewer
Features
- Interior
- Other
Listing
- MLS number
- X13696936
- Status
- Price Change
- Previous status
- New
- Listed on
- 2026-08-20
- Expires
- 2026-12-18
- Taxes
- $4,125 (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 |
|---|---|---|---|
| Lester B Pearson Public School Waterloo Region DSB | Elementary | 178 m | / 10 78% met the standard |
| St Luke Catholic Elementary School Waterloo CDSB | Elementary | 442 m | / 10 82% met the standard |
| Millen Woods Public School Waterloo Region DSB | Elementary | 856 m | / 10 86% met the standard |
| Lexington Public School Waterloo Region DSB | Elementary | 1.1 km | / 10 75% met the standard |
| KidsAbility School KidsAbility E A | Elementary | 1.2 km | Not reported |
| Sandowne Public School Waterloo Region DSB | Elementary | 1.6 km | / 10 64% 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
This neighbourhood
Statistics Canada 2021 Census, for the surrounding few blocks — about 958 people.
The neighbourhood, by the census
Statistics Canada 2021 Census for dissemination area 35300738 — the few blocks around this address, home to 958 people. It describes the area, not this property.
Percentages are of the 500 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.