$272,620Average Value$172Average Price per Sq Ft46Homes For Sale
A college town on the Kennebec River with a revitalized Main Street
As the name implies, Waterville’s fate rose on the currents of the Kennebec River, which flows along the east side. It was a mill town during the Victorian era, which led to boom years. Government buildings done up in Beaux Arts architecture, plus a Greek Revival post office, boosted the city’s profile. The presence of Colby College and Thomas College ensure that Waterville retains a kernel of cultural aspiration, giving it the reputation of an academic town. But on a broader scale, the town is focused on creating a healthy, balanced economy and a bustling Main Street. Manufacturing is still part of the town’s identity. “We have some major employers like T Mobile, but also several lumber companies, plus a plant on the water that produces paper plates,” says Don Plourde, a realtor with Coldwell Banker and a lifelong resident. “Colby College has invested about $200 million in the revitalization of Main Street. This has spurred other developers. The old Lockwood Mill at the end of Main is being converted into multi-family units. The sidewalks have been widened, too. In the summer you’ll see plenty of people enjoying open air dining.”
Welcome to Downtown Waterville, ME.
Waterville's economy historically relied on the Kennebec River.
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'Wide range of homes' in Waterville
The town is modestly sized at 16,000 people, but there isn’t just one type of housing style here. “We have a wide range of homes, including multi-family and single family, some of which can be quite large colonials,” says Plourde. Classic styles like Cape Cods and ranches are lined up along sidewalks and usually have mature trees on the lot. Assorted two-story homes from the early 1900s are also in the mix, topped by a sharply gabled roof. Sometimes they feature a front porch while other times they have a flat façade. Some of the colonials that Plourde mentions are brick, reminiscent of City Hall. They can grow up into the 5,000 square foot range, priced at around $600,000. But the local median is $248,000 — greatly below the national median.
Cape Cod homes are common along the streets of Waterville.
Beautiful historic homes are a common sight near downtown Waterville.
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Colby College and Thomas College have dynamic campuses
Waterville Public Schools receives a C-plus from Niche. Colby College is a private liberal arts institute with over 2,000 students. The campus is known for its Neo-Georgian architecture that overlooks downtown Waterville. The student body is a similar size at Thomas College, where nearly half are involved in varsity sports. Plus, the esports program is gearing up to expand facilities and coaching staff.
Colby College is a large employer and important economic driver for the Waterville area.
Waterville High School serves students in grades 9-12.
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Programs for kids at North Street Recreation Area
Seasonal fluctuations play a part in Waterville’s identity. The surrounding area is populated with lakes, making summer a natural time for tourists to descend. “The Belgrade Lakes are 20 minutes from here, and there are beaches at some of them,” says Plourde. “There’s a fair amount of kayaking and canoeing on the Kennebec River in the summertime. You can go all the way down to Augusta. It’s nice, I’ve done it a few times.” The North Street Recreation Area brings plenty of fun with a playground, trails, athletic facilities and a pool with water park. “It’s great for kids in the area,” says Plourde. “There are lots of programs connected with the YMCA.” Dog owners can go to the fenced in Waterville Dog Park. Each July, the Maine International Film Festival screens 100 films over 10 days at local venues.
The Kennebec River offers Waterville residents beautiful scenery and wildlife viewing opportunites.
Waterville kids enjoy the playground at North Street Rec Area throughout the year.
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Cozy eateries on Main Street, plus big-box stores at Elm Plaza
Main Street is packed with locally owned businesses, giving residents a restaurant row to walk through. Cafes, pubs and bakeries make up the backbone, but there are also quiet sit-down locations. “I like Amici’s,” says Plourde. “It’s authentic Italian food.” Thursdays on Front Street brings out a farmers market. There’s no shortage of retail therapy, either. “There are a couple of shopping centers at each main artery coming into town, one of the most popular being the Elm Plaza,” says Plourde. Large amenities include Walmart and a Hannaford grocery store, but fast casual restaurants are nearby too.
Waterville residents can shop the wide variety at Elm Plaza.
Amici's Cucina is a local Waterville favorite for Italian fare.
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Commuting on U.S. Route 201 and Interstate 95
A walkable Main Street is certainly part of Waterville’s appeal, but residents will want a car. Interstate 95 on the west end is good for exploring the wider region, while Route 201 on the east end is a reliable straight shot to downtown Augusta, less than 20 miles south.
A slight reduction in overall crime
Waterville Police report that total offenses reduced slightly between 2022 and 2023, although total arrests were up slightly during that period. Property crimes vastly outweighed violent crimes.
Written By
Paul Spencer
Photography Contributed By
Colin Gee
Video By
Chris Freeman
Interested in learning more about homes in this area?
Reach out to
Thomas Gadbois,
an experienced agent in this area.
GreatSchools:
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On average, homes in Waterville, ME sell after 36 days on the market compared to the national average of 55 days. The median sale price for homes in Waterville, ME over the last 12 months is $254,000, up 2% from the median home sale price over the previous 12 months.
OPEN HOUSE- FRIDAY- JULY17TH - 4:00 TO 6:00pm Newman Meadows~ a New 55+ community in Waterville- single family homes with condo benefits. Construction is underway and a model home is open to view. These ranches are all 2-bedroom, 1 bath with an attached garage- single homes with condo benefits. Featuring vaulted pine ceiling, lots of natural light and plenty of storage space. Beautiful finishing
Welcome to this beautifully maintained home offering over 3,500 square feet of living space, exceptional outdoor amenities, and 1.75 acres on a dead-end road. With a versatile floor plan and plenty of room to spread out, this home is ready for its next owners.The first floor features hardwood floors, an oversized living room with wood-burning fireplace, and an adjoining sunroom with
Lovingly cared for by the same family for the past 48 years, this classic 1958 Colonial offers timeless charm in a desirable Waterville neighborhood. Featuring 4 bedrooms, 2 bathrooms, and a one-car garage, the home boasts a spacious front-to-back living room with a wood-burning fireplace, beautiful hardwood floors, and original saloon doors separating the kitchen from the dining and living
Turn-key Waterville investment with owner support built in. Three fully renovated, furnished apartments already generating $63,000+ in gross annual income as an established short-term rental business, with the current owners ready to hand you the playbook. New to STR? They'll walk you through the operation, booking systems, guest communication, pricing strategy, and pass along their trusted
Two-Unit Investment Opportunity! 32 King Street is a charming New Englander offering an excellent opportunity for investors or owner-occupants looking to build equity and generate rental income. The property features two separate units, five bedrooms, two baths, and flexible living space with classic character throughout.The main unit offers a spacious eat-in kitchen, comfortable living
Welcome to 298 Main Street, a charming and versatile Waterville home offering possibilities for first-time buyers, downsizers, college families, or those looking for a property with rental potential. This 3-bedroom, 1½-bath 1928 home offers 1,344 square feet filled with character, including hardwood floors, original woodwork and crown molding, a hand-turned staircase, cast-iron radiators, and a
Looking for space, updates, and a convenient Waterville location? This 4-bedroom, 3.5-bath home offers a spacious living room with a beautiful rustic pine cathedral ceiling, a modern updated kitchen, and a first-floor primary suite with a private en suite bath. You'll also love the convenience of first-floor laundry, a one-car garage, and recent outdoor updates including a new deck and fence.
Extensively updated and move-in ready, this spacious 4-bedroom, 3-bath home offers nearly 3,900 square feet of versatile living space in one of Waterville's most desirable neighborhoods. Thoughtfully improved throughout, the property features refinished hardwood floors, granite countertops, updated lighting and electrical fixtures, a remodeled finished basement, and numerous system upgrades
Welcome to Fair-Fields Business Park, where opportunity awaits right next to the highway with convenient access to Interstate 95 in Fairfield, Maine. This prime 5.21 acre lot is ready for development, offering industrial zoning and all the necessary utilities including power, water, and sewer available at the roadside. With its strategic location, this is the perfect spot to build your new
Set on a double lot, this spacious Waterville property is more than a place to call home--it is room to grow, create, and build future value. Thoughtful improvements have already been made throughout the property, including a new roof, new boiler, new windows, and updates throughout the home.The unique layout provides flexibility for a variety of living arrangements, while the generous
Discover the potential of this 0.34-acre lot located in a charming Waterville neighborhood, just minutes from shopping, restaurants, and everyday conveniences. Tucked at the end of Donald Street, this parcel offers a unique opportunity for a buyer with vision.Please note that the lot does not currently have direct town road access. The property is located across from the end of Donald
Hathaway Creative Center in Waterville, Maine offers loft living in a historical building with beautiful views. This mixed use building has apartments for rent with 25 floorplans to choose from. In all the lofts, one, two, or three-bedroom apartments, you will find top-of-the-line touches with excellent amenities. Each unit is remodeled with granite countertops, stainless steel appliances, tile
Orchard Park Apartments is an excellent apartment community surrounded by natural beauty. Located across from Thomas College and close to Colby College, Orchard Park Apartments consists of 12 buildings situated on 18 acres and near all Waterville amenities. With features such as a swimming pool, clubhouse and on-site management, you'll be living the good life at Orchard Park Apartments. Maine is
Find your home at Appleton Apartments in Waterville, ME. The 04901 location in Waterville has so much to offer its residents. Come for a visit to view the available floorplans. You'll experience a unique selection of features and amenities at this community. Stop by Appleton Apartments today.
Available Late August: Large 3 Bed - 1 Bath Apartment in Waterville!Rent: $1,300Bedrooms: 3Bathrooms: 1Available: Mid AugustLease Term: 6 Month LeaseUtilities Included: Water, Sewer and HeatTenant Responsibilities: Electric and Hot WaterPets: Considered with monthly pet feeParking: 2 off-street spotsLaundry: Laundromats nearbySmoking: Non-smoking
Available Mid-September: Cozy 1 Bed - 1 Bath Apartment in the Heart of Waterville! Rent: $1,250Bedrooms: 1Bathrooms: 1Available: Mid-SeptemberLease Term: 9 MonthsUtilities Included: Water, Sewer, HeatTenant Responsibilities: Electric and hot waterPets: Considered with monthly pet feeParking: 2 off-street spotsLaundry: Laundromats Nearby Smoking:
Property Id: 2831980 Move right into this spacious 3 bedroom apartment. This bright and inviting unit is located on the 1st floor. It also includes off street parking and is located just minutes from downtown Waterville, shopping, restaurants, hospitals, and other local amenities. Rent includes heat, hot water, water, sewer, landscaping, and snow removal. Tenant is responsible for
1BR/1BA First Floor Apartment on Elm St. in Waterville with All Utilities Included!!!Rent: $995/MonthBedrooms: 1Bathrooms: 1Available: NowLease Term: 12 MonthsUtilities Included: Electric, Heat, Hot Water, Water/SewerTenant Responsibilities: Cable/InternetPets: Cats and Small Dogs Under 40 Lbs. Negotiable (Monthly Pet Fee Applies)Parking: 1
Available Now!: Large 2 Bed - 1 Bath Apartment in Waterville!Rent: $1,250Bedrooms: 2Bathrooms: 1Available: NowLease Term: 9 Month LeaseUtilities Included: Water, Sewer and HeatTenant Responsibilities: Electric and Hot WaterPets: Considered with monthly pet feeParking: 2 off-street spotsLaundry: Laundromats nearbySmoking: Non-smoking
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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
