Property description for 121 Steeplechase Way, Waterloo, ON N2K 0E7

Priced to Sell !!!! Walkout Legal Basement, Ravine Lot !! 2-5 Minutes drive to University of Waterloo. A rare opportunity to own one of the most desirable homes currently available for SALE in the city !!!!! Nestled on a premium ravine lot backing onto protected green space and scenic walking trails, this exceptional property offers privacy, nature, and income potential all in one.This beautifully upgraded home features over 3,000 sq. ft. of finished living space, including a legal walkout basement apartment currently generating approximately $2,000/month in rental income, making it an ideal mortgage helper or perfect setup for multi-generational living.The bright and spacious main residence offers 4 generous bedrooms, 3 upgraded bathrooms, elegant living and family rooms, a modern kitchen, second-floor laundry, and abundant natural light throughout. Enjoy breathtaking views of the protected greenspace from the large deck, perfect for entertaining family and friends or summer BBQs.The fully finished legal walkout basement features 2 spacious bedrooms, a modern kitchen, a stylish 3-piece bathroom, and a separate entrance, providing excellent rental income potential.Additional highlights include a double-car garage, ample driveway parking, pot lights throughout, modern finishes, and a quiet family-friendly neighborhood.Located in the highly sought-after Kiwanis Park area, close to the Grand River, walking trails, parks, top-rated schools, Grey Silo Golf Club, Conestoga Mall, and both the University of Waterloo and Wilfrid Laurier University. Waterloo is recognized as one of Canada's most educated and innovative cities, making this location highly desirable for families and investors alike.A truly one-of-a-kind offering combining a premium ravine lot, legal walkout income suite, spacious family living, and an unbeatable location. Properties with this combination of features rarely become available. Book your private showing today! (id:38686)

QUICK OVERVIEW

4 parking spaces
Central air conditioning
Forced air, Natural gas
4 Days on website

INTERIOR

BUILDING AND CONSTRUCTION

EXTERIOR AND LOT

UTILITIES

AREA AND SCHOOLS

FINANCIAL INFO

ADDITIONAL INFO

Price per square foot and days on website are not provided values and are calculated by REMAX.

Listing Agent Dharmender Kumar

Listing Office Homelife/miracle Realty Ltd, 905-455-5100

Updated Tuesday, July 21, 2026 at 3:35:06 PM

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NEIGHBOURHOOD

About the Lexington Neighbourhood

La tranquillité est un élément important du caractère de Lexington. Il est facile d'accéder à un îlot de fraîcheur, comme Melitzer Woodlot et Snyder's Flats, puisque le quartier compte une cinquantaine d'entre eux. La majorité des emplacements du secteur sont particulièrement paisibles, étant donné qu'il y a peu de pollution sonore liée à la circulation véhiculaire.

Learn more about Lexington

Car friendly

Accès exceptionnel à des voies rapides et/ou des artères majeures, avec un risque quasi nul de problèmes de stationnement

Quiet

Très peu de sources de bruit à proximité

Daycares

Au moins une garderie à quelques minutes à peine en voiture

Parks

Grande superficie de parcs à proximité

Elementary Schools

Au moins une école primaire à moins de 20 minutes à pied

CLIMATE RISK FOR N2K 0E7

Mortgage Payments for 121 Steeplechase Way, Waterloo, ON N2K 0E7

$4,529

Monthly

Estimated Payment

275 FALCONRIDGE DRIVE, KITCHENER, ON N2K0C5 - Image 6e4a43e426005fc84cb81863e801822035ac2080

Virtual Tour

$985,000

275 FALCONRIDGE DRIVEKITCHENER, ON N2K 0C5

1,984 SQ FT

Listing by Remax Icon Realty - Colton Davidson

MLS® #: 40847157

$1,045,000

409 TEALBY CRESCENTWATERLOO, ON N2J 4Y8

1,500 SQ FT

Listing by Harvey Kalles Real Estate Ltd.

MLS® #: X13161324

48 DUPONT STREET, WATERLOO, ON N2J2G9 - Image a83ca5a6656bb10e9f978461faf375b42232edd5

Virtual Tour

$999,000

48 DUPONT STREETWATERLOO, ON N2J 2G9

3,090 SQ FT

Listing by Remax Icon Realty - Ian Taylor

MLS® #: 40820172

292 THORNCREST DRIVE, WATERLOO, ON N2L5R5 - Image b11223918cc9e44fb5956734df62878d37ed3e90

Virtual Tour

$999,900

292 THORNCREST DRIVEWATERLOO, ON N2L 5R5

2,937 SQ FT

Listing by Remax Escarpment Golfi Realty Inc - Rob Golfi

MLS® #: 40843841

505 YORKSHIRE DRIVE, WATERLOO, ON N2T2V1 - Image ccc43af1bb772b300ba7655b502329e1c91ed2aa

Virtual Tour

$990,000

505 YORKSHIRE DRIVEWATERLOO, ON N2T 2V1

2,000 SQ FT

Listing by Tron Realty Inc.

MLS® #: X13411076

$967,900

444 LAUSANNE CRESCENTWATERLOO, ON N2T 2X4

1,500 SQ FT

Listing by Remax Realty Services Inc - Kushli Perera

MLS® #: X13421192

$999,999

417 RIVERTRAIL AVENUEKITCHENER, ON N2A 0K2

2,000 SQ FT

Listing by Homelife/miracle Realty Ltd

MLS® #: X13585286

54 STONEGATE DRIVE, KITCHENER, ON N2A2Z1 - Image 1d410162772bbd391aafdad74286a1efaeadea4d

Virtual Tour

$975,900

54 STONEGATE DRIVEKITCHENER, ON N2A 2Z1

2,986 SQ FT

Listing by Remax Twin City Realty Inc - Tim Albrecht

MLS® #: 40842765

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121 STEEPLECHASE WAY, WATERLOO, ON N2K 0E7