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Waterloo · Colonial Acres/East Bridge · Detached · MLS# 40824946

459 LEE Avenue

$1,200,000

4

bed

3

bath

4,045

sqft

1976

built

Detached · $297/sqft

Listed May 6, 2026

About this home.

Welcome to 459 Lee Avenue in the sought after neighbourhood of Colonial Acres—a classic bungalow offering over 2,000 sq ft of main-floor living. A slate-tiled foyer opens to an expansive living room with a classic indoor wood-burning fireplace, while a quiet bedroom wing provides three bedrooms and two baths. At the back, a sun-filled flex room looks onto the yard, and the lower level surprises with an indoor pool, ready for year-round use or future conversion to additional living space.The 85 × 130 ft lot is fully fenced and framed by mature trees, delivering uncommon privacy. Limestone steps connect a tiered deck, generous seating areas and an outdoor wood-burning fireplace—ideal for relaxed entertaining. Vinyl windows (2010), roof shingles (2017), 200-amp service and a double driveway add peace of mind, while RIM Park, Conestoga Mall, top schools and the ION Light Rail Transit are all just minutes away. (id:59491)

The full record.

Property typeDetached
Year built1976
Square footage4,045 sqft
Lot size0.26 acres
Bedrooms4
Bathrooms3
HeatingIn Floor Heating,, ,Natural gas
CoolingCentral air conditioning
ListedMay 6, 2026

How this listing prices against Colonial Acres/East Bridge.

21

Sales

$925,000

Median price

20

Days on market

96.3%

% of list

30

Active listings

N/A

Months supply

Colonial Acres/East Bridge was one of Waterloo's busiest pockets, with 23 sales and 31 active listings over the last 30 days. The average price reached $1,122,674, far above the city average, but the median was lower at $925,000, showing how much a few high-end sales pulled the average upward. Homes took about 29 days to sell and closed at 95.57% of list, which reads as a fairly balanced higher-end market rather than an overheated one. Freeholds dominated the activity, while condo sales were limited and priced in a completely different tier.

Read the full Waterlooreport →

Estimate the monthly carry.

Down payment
%($240,000)
Mortgage rate
%
Amortization
years

Estimated monthly payment

$5,495

Principal$960,000
Total interest$688,571
Total paid$1,648,571

Estimate only. Excludes property tax, condo fees, and insurance.

Questions on this property?

Neso Basara

RE/MAX Icon Realty

Waterloo Region

Use the chat button to message me directly.

Or email me at neso@basara.ca

459 LEE Avenue, Waterloo — $1,200,000 | Basara