Charming and well-maintained bungalow located on a quiet street in a desirable central location. This inviting home has newly renovated kitchen and updated flooring. The finished basement features a separate private entrance and an abundance of natural light through large above-grade windows. Enjoy a generous recreation room with wet bar, plus a large bedroom with ample closet space and a comfortable sitting area. The basement also includes a separate laundry and furnace room and additional storage. 200-amp circuit breakers and a large double driveway
3 bedrooms, 2 bathrooms, about 1,500 sq ft, works out to roughly $799 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 198 Waterloo Ave
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
1500-2000 sq ftas stated on the listing
Lot size
52.21 x 115.00 Feet
Parking
2 spacesYes garage
Basement
Finished, Full
Features & systems
Parking & garage
Garage
Yes
Parking spaces
2
Interior
Basement
Finished · Full
Lot & land
Lot dimensions
52.21 x 115.00 Feet
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
198 Waterloo Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$5,885
/mo
based on the purchase price of $1,198,000
$239,600 cash
$958,400 financed
$807,224 total interest
Principal54%$958,400
Interest46%$807,224
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
Own a home on Waterloo Avenue? See what yours is worth
Get an instant estimate for your own home, based on recent sales around you. A free account shows the number and emails you the full report.
Free · No obligation · Backed by Coldwell Banker
Book a tour of 198 Waterloo Ave with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
Zara, any time
Zara · AI virtual agent
Ask about 198 Waterloo Ave day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
A licensed local agent
Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 3–5 bed homes for sale in Toronto around $1.2M.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio5032.5%On average, homes sold at or above asking.
Active listings12,894Homes for sale here right now.
Median vs prior 90 days+2.9%Compared with Apr 17 – Jul 16, 2026: prices up.
Based on 9,425 sales from Jul 16 – Oct 14, 2026 (6,664 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
198 Waterloo Ave is listed at $1,198,000 (MLS® C13705538). Summitly updates the price as soon as the MLS® record changes.
Is $1,198,000 a good price for 198 Waterloo Ave?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 198 Waterloo Ave changed?
Yes — it was first listed at $1,250,000 and is now $1,198,000, a drop of $52,000 (4.2%).
How many bedrooms and bathrooms does 198 Waterloo Ave have?
198 Waterloo Ave has 3 bedrooms and 2 bathrooms, with about 1,500–2,000 square feet of living space. It is a detached home in Toronto.
Is 198 Waterloo Ave close to transit?
The nearest rapid-transit station is Sheppard West Station (Line 1), about 1.2 km (about a 14-minute walk) in a straight line. Downsview Park Station is about 2.1 km, and Wilson Station is about 2.5 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 198 Waterloo Ave?
About $5,885 a month — principal and interest on $1,198,000 with 20% down ($239,600), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 198 Waterloo Ave compare with other homes in Toronto?
Its asking price of $1,198,000 is about 41% above the median sold price in Toronto over the last 90 days, $849,000, across 9,425 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 198 Waterloo Ave been sold before?
Summitly has no earlier MLS® sale or lease of 198 Waterloo Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 198 Waterloo Ave?
198 Waterloo Ave is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 198 Waterloo Ave been on the market?
51 days — 198 Waterloo Ave was listed on August 24, 2026.
What is the price per square foot of 198 Waterloo Ave?
About $599 to $799 per square foot: the asking price of $1,198,000 over the 1,500–2,000 sq ft the listing gives as its size range.
Does 198 Waterloo Ave have parking or a garage?
Yes — the listing gives 2 parking spaces. Garage: Yes.
