697 Rhine Fall Drive, Waterloo

$875,000
697 Rhine Fall Drive

$875,000

Price Change
8d
Detached2-Storey

697 Rhine Fall Drive, Waterloo

Total Monthly Obligation $4,631

Beds
4
Baths
2
Park
2
Sqft
2500-3000
DOM
8d
Score
17
Yield
4.7%
Cash on Cash
-5.7%
Cap Rate
3.4%
5Y IRR
11.1%
10Y IRR
11.0%
Property Type-Detached
MLS® Number-X14085350
Beds-4
Bathrooms-2
Size-2500-3000 sqft
Lot Size-34.65 × 136.75 ft
Listed on site-Oct 15, 2026
Style-2-Storey
Building Type-Detached
Taxes-$8,721.26 (2026)
Parking-4 - Attached
Basement-Full
Heating-Forced Air (Gas)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick, Stone
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-n/a
Title-Residential Freehold

No agent assigned

Welcome to 697 Rhine Fall Drive, a charming two-storey home in the sought-after Clair Hills neighbourhood. Featuring 2,509 sq. ft. of above-grade finished living space, this home offers 4 bedrooms and 4 bathrooms. The bright, open-concept eat-in kitchen features stainless-steel appliances and opens to the adjoining family room, while separate living and dining rooms provide additional space for entertaining. The spacious principal bedroom offers a customized closet, an ensuite with double sinks, and peaceful views of the woods. The professionally finished basement features a large recreation room, custom bar/kitchenette with a full-size refrigerator, gas fireplace, and a 3-piece bathroom with heated floors and a full Mirolin shower unit. Updates include a new roof in 2020, a furnace and air conditioning system updated in 2025, and 200-amp electrical service.Enjoy outdoor living on the deck overlooking a private backyard backing onto a tranquil forest and trail system. The deck features a shaded gazebo and gas line for BBQs, perfect for entertaining family and friends. A custom laundry/mudroom with ample storage and a premium washer and dryer adds everyday convenience. Ideally located near Vista Hills Public School, SJAM, and the University of Waterloo, with easy access to Costco and the shopping, dining, and medical services at The Boardwalk. Enjoy comfortable family living in a peaceful setting close to everyday amenities. Appliances and fireplaces are included in their current as-is condition.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$700,000
Land Transfer Taxes$13,975
Legal Fees (Est.)
$
Total cash required for closing$190,475

Total Monthly Obligation

$4,631/mo
Mortgage $3,530
Monthly Loss $3,702
Principal$929
Interest$2,601
Property Tax$727
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-10.0%1
5-Year IRR
7.8%22
10-Year IRR
8.9%
Returns Index
12.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$40,800/yr
NOI
$23,499/yr
Net Cash Flow
-$1,571/mo
Cash Margin
-46.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.556
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo32
Risk Index
18.8/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 697 Rhine Fall Drive

Time

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