$225,000

For sale

#509 24 Midland Drive, Kitchener - Single Family for Sale

#509 24 Midland Drive, Kitchener, Ontario, N2A2A8

2 beds1 bath2 parking1,100 ft²$1,240/mo condo feeListed 11 days ago

Overview

This 2-bedroom, 1-bathroom condo in Kitchener is for sale offering roughly 1,100 sq ft of space. It has been on the market 11 days, fresher than the Kitchener average of 53 days.

Condos for Sale in Kitchener →All real estate in Kitchener →

Description

Welcome to Unit 509 at Stanley Park Place, a well-run 55+ community in the heart of Kitchener. At 1,136 sq ft, this 2 bedroom suite is far larger than a typical apartment. It has an open-concept living and dining area, two generous bedrooms with large closets, and a full 4-piece bathroom. The standout feature is the four-season sunroom running about 42 feet along the unit. It fills the home with natural light and gives you a bright spot to read, garden or relax all year. The suite is freshly painted and move-in ready. Monthly fees of $1,230.48 cover heat, hydro, water, property taxes, building insurance, parking and maintenance. That means one predictable payment and no surprise bills. You also get exclusive parking and an exclusive storage locker. Residents enjoy an outdoor pool, a gazebo and BBQ area, a workout room, a games room and library, a party room, coin laundry, and a social calendar that includes potlucks and clubs. You're close to Ottawa St N shopping, transit, places of worship and everyday amenities. The building is a Tenancy in Common in the final stages of converting to a registered condominium, which offers long-term value for buyers who get in now. Book your private showing today. (id:66096)

Property Details

MLS®: X14114260
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 2
Interior Size: 1,100 ft²
Basement: Finished, N/A
Heating: Radiant heat, Natural gas
Cooling: Wall unit
Garage: No Garage
Condo Fee: $1,240/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance, Parking
Ownership: Freehold
Listed: 11 days ago

Rooms

Main level

Primary Bedroom: 4.31 x 3.37 meters
Bedroom 2: 4.3 x 2.92 meters
Living room: 5.52 x 6.33 meters
Dining room: 2.49 x 2.74 meters
Foyer: 1.3 x 1.9 meters
Solarium: 12.82 x 2.07 meters
Bathroom: 2.31 x 1.57 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Refrigerator, Stove
Exterior: Concrete, Brick
Lot Features: Wheelchair access, Balcony, Carpet Free, Laundry- Coin operated

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

11d

Kitchener listings, avg age

53d

Price / ft²

$205

List price

$225K

Homes here sell faster than most markets

Sold homes in this market spent an average of 31 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 100.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This 2-bed single family in Kitchener has been listed for 11 days, which is 42 days fresher than the city average of 53. Act while there is still low competition.

Set a price alert Book a showing

Listed by Keller Williams Home Group Realty · OWEN LENNOX

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2A)

This home lists at $225,000, about 2.3× the local median household income of $96,000.

Carrying it typically needs a household income of about $43,950 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $96,000
Population: 32,454
Median age: 39.2
Owner / renter: 71% / 29%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA N2A)

$225,000· $205/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Full Cost Breakdown

Loading rates, 30-yr amortization

Current Rates

Loading…

Compare all rates

Down Payment5% · $11,250

Min 5%50%

Mortgage payment$1,185/mo

↳ CMHC premium ($8,550 capitalized)

Est. property tax$0/mo

Condo fee$1,240/mo

Total monthly$2,425

Cash Needed to Close

Down payment (5%)$11,250

Land transfer tax$1,975

Est. closing costs$3,175

Total cash needed$16,400

Get Pre-Approved · Free & Fast

Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

Rental cashflow calculator