Name: 723 Munich Circle
SKU: X13693694
Price: 1145000 CAD
Availability: InStock

3 Bed, 3 Bath Detached Home in Waterloo

About 723 Munich Circle

Welcome to this beautifully upgraded, carpet-free home in the highly desirable community of Clair Hills! Thoughtfully designed and meticulously maintained, this exceptional home offers a perfect blend of style, comfort and functionality. The professionally renovated chef's kitchen, completed in 2020, is a true showstopper, featuring granite and quartz countertops, quality finishes and plenty of space for entertaining and everyday family living. All bathrooms throughout the home have been updated, including the impressive 5 piece primary ensuite, creating a stylish and comfortable retreat. California shutters throughout add timeless elegance while providing privacy and light control. Offering additional peace of mind for the next owner is the updated roof. Enjoy the incredible lifestyle this location offers, with access to some of the best schools in the city, local shopping and the beautiful Geo Time Trail just steps from your door, offering endless opportunities for biking, hiking and exploring nature. Step outside to your own private backyard oasis. The front and back yard landscaping were fully updated, creating a beautiful, low-maintenance outdoor retreat surrounded by mature trees and designed for relaxing and entertaining. Professionally installed in 2024, the impressive 18-foot swim spa is a spectacular addition, providing the perfect place for swimming, unwinding and enjoying time with family and friends year-round, while requiring very little maintenance. A rare opportunity to own a fully upgraded, carpet-free home in one of Waterloo's most sought-after neighbourhoods, combining beautiful finishes, updated bathrooms, a professionally renovated kitchen, recent major improvements, incredible outdoor living and an unbeatable connection to nature. OPEN HOUSE: Oct 3 & 4, 2PM-4PM

3 bedrooms, 3 bathrooms, about 2,000 sq ft, works out to roughly $573 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 723 Munich Cir

Every detail from the listing, in one place.

Type: Detached
Style: 2-Storey
Living space: 2000-2500 sq ftas stated on the listing
Parking: 4 spacesYes garage
Basement: Finished

Features & systems

Parking & garage

Garage: Yes
Parking spaces: 4

Interior

Basement: Finished

Exterior & construction

Pool: Yes

Lot & land

Lot size (sqft): 0

Listing & possession

Property style: 2-Storey
Property class: Detached

723 Munich Cir Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

—ReducedPrice reducedThis listingMLS® X13693694−$44,000 (3.7%)$1,145,000
Aug 19, 2026For saleListedThis listingMLS® X13693694$1,189,000

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 723 Munich Cir Compares to the Waterloo Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Fair Price· based on 722 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Waterloo market, last 90 days

Median sold price: $700,000
Average sold price: $759,084
Average days on market: 32
Homes sold: 467

Closed sales on the TRREB MLS®.

Full Waterloo market report

Market pulse · Waterloo

Waterloo market

Median sold price$700,000Last 90 days
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 listings391Homes for sale here right now.
Median vs prior 90 days+0.7%Compared with Apr 15 – Jul 14, 2026: prices up.

Based on 467 sales from Jul 14 – Oct 12, 2026 (275 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.

Recently sold nearby in Waterloo

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

See what these homes actually sold for

Free with a Summitly account. Sign in once and sold prices unlock across the site.

Home	Sold price	$ / sqft	% of asking	Sold
This home723 Munich Circle 3 bd · 3 ba · 2,000 sqft	$1,145,000asking	$573	—	—
511 Chesapeake Crescent 4 bd · 2 ba · 1,500 sqft
112 Margaret Avenue 4 bd · 2 ba · 2,000 sqft
416 Speckled Alder Street 5 bd · 3 ba · 1,500 sqft
121 Steeplechase Way 4 bd · 3 ba · 2,000 sqft
83 Milne Drive 5 bd · 4 ba · 3,500 sqft
177 Mayfield Avenue 3 bd · 2 ba · 1,500 sqft

511 Chesapeake Crescent
4 bd · 2 ba · 1,500 sqft
112 Margaret Avenue
4 bd · 2 ba · 2,000 sqft
416 Speckled Alder Street
5 bd · 3 ba · 1,500 sqft
121 Steeplechase Way
4 bd · 3 ba · 2,000 sqft
83 Milne Drive
5 bd · 4 ba · 3,500 sqft
177 Mayfield Avenue
3 bd · 2 ba · 1,500 sqft

Living in Waterloo: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

Transit nearby

Stations and stops, straight-line distance

University of Waterloo StationION4.0 km
Research and Technology StationION4.2 km
Laurier - Waterloo Park StationION4.4 km

Places from OpenStreetMap (© OpenStreetMap contributors) and Summitly's station list. Distances are straight-line, not routes.

Loading schools, parks, groceries and more nearby…

Transit

University of Waterloo Station (ION)4.0 km
Research and Technology Station (ION)4.2 km
Laurier - Waterloo Park Station (ION)4.4 km

Nearest subway, GO and LRT stations first, then bus and streetcar stops.

University of Waterloo Station
4.0 kmClosest· ION
Homes near University of Waterloo Station
Research and Technology Station
4.2 km· ION
Homes near Research and Technology Station
Laurier - Waterloo Park Station
4.4 km· ION
Homes near Laurier - Waterloo Park Station

Straight-line distances from the listing; walking times assume about 80 m a minute. Places © OpenStreetMap contributors, a community-maintained map that may miss or misplace some places. Directions and place details open on Google Maps.

How long is your commute?

From 723 Munich Cir. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 723 Munich Cir

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $5,625; 20% down · 25 years · 5.5% assumed
Property tax: $630; 0.66% mill rate · ON
Total per month: $6,255; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

Mortgage payments

Mortgage financingPowered by

Lock in a low rate before you offer

Compare today's rates across lenders, lock yours in, and get pre-qualified in about 2 minutes.

Lock in my rate

Call now

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

Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$5,625

/mo

based on the purchase price of $1,145,000

Down payment20%

$229,000 cash

Amortization25 yr

$916,000 financed

Rate5.50%

$771,512 total interest

Principal54%$916,000

Interest46%$771,512

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.

Book a tour of 723 Munich Cir 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 723 Munich Cir 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.

Find an agent (905) 553-8500 (main line)

Questions About 723 Munich Cir

How much is 723 Munich Cir listed for?

723 Munich Cir is listed at $1,145,000 (MLS® X13693694). Summitly updates the price as soon as the MLS® record changes.

Is $1,145,000 a good price for 723 Munich Cir?

Summitly rates it Fair Price: the asking price is Within 3% below to 5% 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 723 Munich Cir changed?

Yes — it was first listed at $1,189,000 and is now $1,145,000, a drop of $44,000 (3.7%).

How many bedrooms and bathrooms does 723 Munich Cir have?

723 Munich Cir has 3 bedrooms and 3 bathrooms, with about 2,000–2,500 square feet of living space. It is a detached home in Waterloo.

Is 723 Munich Cir close to transit?

The nearest rapid-transit station is University of Waterloo Station (ION), about 4.0 km in a straight line. Research and Technology Station is about 4.2 km, and Laurier - Waterloo Park Station is about 4.4 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.

How much would the monthly mortgage be on 723 Munich Cir?

About $5,625 a month — principal and interest on $1,145,000 with 20% down ($229,000), 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 723 Munich Cir compare with other homes in Waterloo?

Its asking price of $1,145,000 is about 64% above the median sold price in Waterloo over the last 90 days, $700,000, across 467 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 723 Munich Cir been sold before?

Summitly has no earlier MLS® sale or lease of 723 Munich Cir on record from the last two years. Older records aren't shown under TRREB rules.

Where is 723 Munich Cir?

723 Munich Cir is in Waterloo, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.

How long has 723 Munich Cir been on the market?

54 days — 723 Munich Cir was listed on August 19, 2026.

What is the price per square foot of 723 Munich Cir?

About $458 to $573 per square foot: the asking price of $1,145,000 over the 2,000–2,500 sq ft the listing gives as its size range.

Does 723 Munich Cir have parking or a garage?

Yes — the listing gives 4 parking spaces. Garage: Yes.

723 Munich Cir, Waterloo

What you should know

3 Bed, 3 Bath Detached Home in Waterloo

About 723 Munich Circle

Inside 723 Munich Cir

Features & systems

723 Munich Cir Price & Sale History

How 723 Munich Cir Compares to the Waterloo Market

Waterloo market, last 90 days

Recently sold nearby in Waterloo

Living in Waterloo: Location & Amenities

How long is your commute?

Costs, Mortgage & Rental Return for 723 Munich Cir

Monthly cost of owning

Mortgage payments

Monthly cost

Rental income potential

Own a home on Munich Circle? See what yours is worth

Zara, any time

A licensed local agent

See 723 Munich Cir, Waterloo in person

Similar homes for sale nearby in Waterloo

Explore More Detached Homes in Waterloo

3 Bed, 3 Bath Detached Home in Waterloo

About 723 Munich Circle

Inside 723 Munich Cir

Features & systems

723 Munich Cir Price & Sale History

How 723 Munich Cir Compares to the Waterloo Market

Waterloo market, last 90 days

Market pulse · Waterloo

Recently sold nearby in Waterloo

Living in Waterloo: Location & Amenities

Transit nearby

Transit

How long is your commute?

Costs, Mortgage & Rental Return for 723 Munich Cir

Monthly cost of owning

Mortgage payments

Monthly cost

Rental income potential

Own a home on Munich Circle? See what yours is worth

Zara, any time

A licensed local agent

See 723 Munich Cir, Waterloo in person

Questions About 723 Munich Cir

How much is 723 Munich Cir listed for?

Is $1,145,000 a good price for 723 Munich Cir?

Has the price of 723 Munich Cir changed?

How many bedrooms and bathrooms does 723 Munich Cir have?

Is 723 Munich Cir close to transit?

How much would the monthly mortgage be on 723 Munich Cir?

How does 723 Munich Cir compare with other homes in Waterloo?

Has 723 Munich Cir been sold before?

Where is 723 Munich Cir?

How long has 723 Munich Cir been on the market?

What is the price per square foot of 723 Munich Cir?

Does 723 Munich Cir have parking or a garage?

Similar homes for sale nearby in Waterloo

Explore More Detached Homes in Waterloo

Market pulse · Waterloo

Transit nearby

Transit

Questions About 723 Munich Cir

How much is 723 Munich Cir listed for?

Is $1,145,000 a good price for 723 Munich Cir?

Has the price of 723 Munich Cir changed?

How many bedrooms and bathrooms does 723 Munich Cir have?

Is 723 Munich Cir close to transit?

How much would the monthly mortgage be on 723 Munich Cir?

How does 723 Munich Cir compare with other homes in Waterloo?

Has 723 Munich Cir been sold before?

Where is 723 Munich Cir?

How long has 723 Munich Cir been on the market?

What is the price per square foot of 723 Munich Cir?

Does 723 Munich Cir have parking or a garage?