Skip to content
Basara.
This listing is no longer active. View active listings in Waterloo

Waterloo · Lexington/Lincoln Village · Detached · MLS# 40820805

338 RIVER OAK Place

$2,950,000

7

bed

6

bath

6,897

sqft

1998

built

Detached · $428/sqft

Listed April 14, 2026

About this home.

Discover refined living in the prestigious River Oak Estates—where timeless design meets an extraordinary natural backdrop. Set on a lush half-acre lot backing directly onto the Grand River, this 6,000+ sq. ft. residence captures breathtaking views of the water, pond, and Grand River Trail. Thoughtful landscaping enhances its privacy and curb appeal, creating a truly peaceful setting. Inside, sophistication unfolds across three levels, with 5+2 bedrooms and 6 bathrooms offering comfort and flexibility for family and guests. The grand foyer opens to an elegant staircase and sun-filled formal living and dining rooms—ideal for entertaining large gatherings. The kitchen, complete with an oversized island and casual dining space, extends to a spacious deck overlooking the river. A stone wood-burning fireplace anchors the family room, where floor-to-ceiling windows frame the scenic outdoors. The main floor suite is a private retreat featuring a gas fireplace, walk-in closet, and balcony access. Its luxurious ensuite includes dual vanities, a soaker tub surrounded by windows, and a glass walk-in shower. Upstairs, you’ll find four additional bedrooms, a home office with custom built-ins, and a dedicated media room. The lower level offers two more bedrooms, a 3-piece bath, wet bar, games area, and walkout access to a stone patio and landscaped gardens—perfect for indoor-outdoor living. Blending comfort, elegance, and a rare connection to nature, this River Oak Estates home delivers a lifestyle as remarkable as its setting. (id:59491)

The full record.

Property typeDetached
Year built1998
Square footage6,897 sqft
Lot size0.66 acres
Bedrooms7
Bathrooms6
HeatingForced air,, ,Natural gas
CoolingCentral air conditioning
ListedApril 14, 2026

How this listing prices against Lexington/Lincoln Village.

14

Sales

$676,750

Median price

17

Days on market

96.2%

% of list

32

Active listings

N/A

Months supply

Lexington/Lincoln Village recorded 12 sales and 29 active listings, a moderate level of turnover with enough inventory to keep conditions balanced. The average sale price was $711,500, below Waterloo's average, while homes sold in just under 20 days and achieved 96.59% of list, a touch firmer than the city overall. The neighbourhood saw 9 freehold sales and 3 condo sales, with condos moving especially quickly. Overall, this is a fairly steady market where mid-priced homes are still drawing timely interest.

Read the full Waterlooreport →

Estimate the monthly carry.

Down payment
%($590,000)
Mortgage rate
%
Amortization
years

Estimated monthly payment

$13,509

Principal$2,360,000
Total interest$1,692,737
Total paid$4,052,737

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

338 RIVER OAK Place, Waterloo — $2,950,000 | Basara