This detached bungalow in the desirable Lincoln Heights area of Waterloo offers an excellent opportunity for buyers looking to add their own finishing touches. Situated on a large lot with an inground pool, the spacious home features a bright, sunlit layout with plenty of potential. The main floor could easily be converted to accommodate a third bedroom, while the basement offers a separate entrance, rough-in for a second kitchen, and the potential for additional living space or a duplex, subject to the necessary approvals. The home also features a wood-burning fireplace on the main level and a gas fireplace in the basement. Being sold "as is," this property is ideal for buyers with a creative vision who are ready to renovate and transform it into an amazing home. The potential is definitely there!
2 bedrooms, 2 bathrooms, about 1,100 sq ft, works out to roughly $630 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 229 Winfield Ave
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
1100-1500 sq ftas stated on the listing
Parking
4 spaces
Basement
Full, Finished
Features & systems
Parking & garage
Parking spaces
4
Interior
Basement
Full · Finished
Exterior & construction
Pool
Yes
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
229 Winfield Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13725366$693,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 229 Winfield Ave Compares to the Waterloo Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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
$3,405
/mo
based on the purchase price of $693,000
$138,600 cash
$554,400 financed
$466,950 total interest
Principal54%$554,400
Interest46%$466,950
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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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.
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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 Waterloo
Other 3–5 bed homes for sale in Waterloo around $693K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio100.2%On average, homes sold at or above asking.
Active listings400Homes for sale here right now.
Median vs prior 90 days0.0%Compared with Apr 17 – Jul 16, 2026.
Based on 457 sales from Jul 16 – Oct 14, 2026 (283 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
229 Winfield Ave is listed at $693,000 (MLS® X13725366). Summitly updates the price as soon as the MLS® record changes.
Is $693,000 a good price for 229 Winfield Ave?
Summitly rates it Above Market: the asking price is 5% to 15% above Zara's estimate, an estimate built from recent sales in Waterloo. 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 229 Winfield Ave changed?
No — 229 Winfield Ave is still listed at its original asking price of $693,000.
How many bedrooms and bathrooms does 229 Winfield Ave have?
229 Winfield Ave has 2 bedrooms and 2 bathrooms, with about 1,100–1,500 square feet of living space. It is a detached home in Waterloo.
Is 229 Winfield Ave close to transit?
The nearest rapid-transit station is Waterloo Public Square Station (ION), about 1.9 km (about a 24-minute walk) in a straight line. Willis Way Station is about 2.1 km, and Laurier - Waterloo Park Station is about 2.2 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 229 Winfield Ave?
About $3,405 a month — principal and interest on $693,000 with 20% down ($138,600), 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 229 Winfield Ave compare with other homes in Waterloo?
Its asking price of $693,000 is about the same as the median sold price in Waterloo over the last 90 days, $700,250, across 457 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 229 Winfield Ave been sold before?
Summitly has no earlier MLS® sale or lease of 229 Winfield Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 229 Winfield Ave?
229 Winfield Ave is in Waterloo, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 229 Winfield Ave been on the market?
46 days — 229 Winfield Ave was listed on August 29, 2026.
What is the price per square foot of 229 Winfield Ave?
About $462 to $630 per square foot: the asking price of $693,000 over the 1,100–1,500 sq ft the listing gives as its size range.
