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217 PINEGROVE Crescent, Waterloo, Ontario

$929,900

6 Beds
2 Baths
1,346 Square Feet

Great Buying and Investment & Multi-Generational Living Opportunity in the Heart of Waterloo! Welcome to this stunning, bright, and spacious detached bungalow situated on a premium wide lot in one of Waterloo's most sought-after locations, just minutes from University of Waterloo and Wilfrid Laurier University. Perfect for families, investors, and savvy buyers seeking strong rental potential and long-term appreciation, this beautifully renovated and move-in-ready home offers exceptional versatility with a legal walk-out bsmt apartment complete with occupancy certificate from the City of Waterloo - ideal for generating additional rental income, student housing, or multi-generational living, making it a rare positive cash flow opportunity in a high-demand university district. The main level features 3 spacious bdrms, oversized windows filled with natural light, elegant new 8mm luxury vinyl flooring (2026) fresh modern paint, new upgraded lighting with Decora style switches and plugs and a stylish kitchen with custom pull-out drawers and built-in beverage bar, while the family room offers flexibility as a home office, entertainment area, guest suite. The legal lower-level apartment includes a separate double-door walk-out entrance, large bright windows, generous living space, eat-in kitchen, spacious bedrooms, office/flex rm, separate laundry, and abundant storage, creating excellent rental appeal for students, professionals, or extended family. Additional highlights include no carpet throughout, main floor and bsmt laundry for easy convenience, oversized single garage with inside entry, parking for up to 5 vehicles, and a private backyard retreat perfect for relaxation and entertaining. Ideally located close to schools, shopping, public transit, ION LRT, St. Jacobs Farmers' Market, Conestoga Mall, expressways, and Highway 85, this exceptional property offers the perfect combination of lifestyle and income potential in one of Waterloo's most desirable neighbourhoods. (id:23309)

Listing ID: 40834624
Property Type: Single Family

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Rooms

Level	Type	Dimensions
4pc Bathroom	Basement	Measurements not available
Bedroom	Basement	10'2'' x 10'1''
Bedroom	Basement	13'2'' x 9'1''
Bedroom	Basement	12'1'' x 10'6''
Eat in kitchen	Basement	14'4'' x 12'4''
Living room	Basement	27'2'' x 12'4''
4pc Bathroom	Main level	Measurements not available
Bedroom	Main level	10'1'' x 9'6''
Bedroom	Main level	11'6'' x 8'11''
Primary Bedroom	Main level	13'6'' x 11'0''
Family room	Main level	12'8'' x 12'1''
Kitchen	Main level	11'0'' x 9'0''
Dining room	Main level	12'5'' x 9'1''
Living room	Main level	19'7'' x 12'6''

Details

Architectural Style: Bungalow
Amenities Nearby: Public Transit, Shopping
Equipment: Water Heater
Features: Automatic Garage Door Opener
Ownership: Freehold
Parking Spaces: 5
Rental Equipment: Water Heater
Transaction: For sale
Zoning Description: SR3

Building

Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer, Garage door opener
Architectural Style: Bungalow
BasementType: Full (Finished)
Basement Development: Finished
Bedrooms Main Level: 3
Bedrooms Lower Level: 3
Construction Style Attachment: Detached
Cooling: Central air conditioning
Exterior Finish: Brick, Stone
Fireplace Present: False
Bathrooms (Total): 2
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 1346 sqft
Stories Total: 1
Type: House
Utility Water: Municipal water

Land

Access Type: Highway access
Amenities: Public Transit, Shopping
Sewer: Municipal sewage system
Size Frontage: 58 ft

Listing provided by HOMELIFE MIRACLE REALTY LTD
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 217 PINEGROVE Crescent in Waterloo Ontario. It was last modified on May 28th, 2026. Contact Paul Busnello to schedule a viewing or to discover other Waterloo properties for sale.

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