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Listed 22 days ago

509 - 1 Victoria Street S

, Kitchener

$309,000

Condo Apartment |
1 | 1 | 1 | 1
About this home

Experience modern urban living in this stunning, open-concept condo located in the highly desirable Victoria Condominiums. Perfect for professionals and students alike, this bright and airy unit is steps from the LRT, Google, Victoria Park, the new transit hub, and downtown Kitchener's vibrant restaurant scene. The unit features floor-to-ceiling windows, a spacious bedroom, a luxurious 4-piece bathroom, and convenient in-suite laundry. The contemporary kitchen boasts top-of-the-line stainless steel appliances and a functional breakfast bar. Premium building amenities include controlled entry security, a beautifully landscaped outdoor terrace, an entertainment room, a fully-equipped gym, and a state-of-the-art theatre room. Situated directly across from the University of Waterloo School of Pharmacy and the McMaster School of Medicine. A rare find for this building, this unit includes its own dedicated parking space.

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
StyleApartment
Approx. Age6-10
Size600-699 sq. ft.
Maintenance Fees$562
LockerExclusive
BalconyNone
ExposureEast
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$3,120
mls© NumberX13824382
Listed ByRE/MAX REALTY SERVICES INC.
Heat Included
Water Included
Common Elements Included
Building Insurance Included
Parking Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$1,582
Property tax
$260
Heat allowance
$150
Condo fees, half counted
$281
Housing costs
$2,273 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $61,800
25-yr amortization

Income needed

$70,000

gross annual household income

Payment at 4%
$1,300 / mo
Cash down
$61,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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