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Property Type: Condo / ApartmentOwnership: Condominium
1 VICTORIA Street Unit# 1902
Kitchener, ON N2G0B5
MLS® 40863342
$975,000
4 bed2 bath2 parking1,925 sqft
Amenities
Gym
Also listed: Party Room
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 1
D6
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $1,965/mo
- Annual property tax
- $7,123
Maintenance Fee Includes
WaterManagementHeat
Also included: Common Area Maintenance, Landscaping, Insurance, Parking, Residential Manager
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Other | Main level | 4'6'' x 9'10'' |
| Primary Bedroom | Main level | 18'3'' x 14'3'' |
| Den | Main level | 11'10'' x 8'10'' |
| Living room | Main level | 20'10'' x 20'2'' |
| Kitchen | Main level | 14'11'' x 10'1'' |
| Dining room | Main level | 9'9'' x 20'1'' |
| Bedroom | Main level | 10'10'' x 16'2'' |
| Bedroom | Main level | 10'6'' x 16'2'' |
| 5pc Bathroom | Main level | — |
| 5pc Bathroom | Main level | — |
Description
Penthouse living at its finest in the heart of Kitchener's Innovation District. This nearly 2,000 sq. ft. corner penthouse at 1 Victoria offers a rare combination of space, privacy, natural light and an expansive private terrace in one of Kitchener's most connected, rapidly evolving neighborhoods. One of only four residences on the top floor, this three-bedroom+ Den, two-bathroom home delivers an impressive sense of scale and exclusivity. The corner primary suite is wrapped in windows on two sides, filling the room with light, and features a generous ensuite and walk-in closet with custom built-in organizers. Step directly from the primary onto the private terrace — with all-day sun, city views and a natural gas BBQ hookup — perfect for morning coffee or evening entertaining. The open-concept layout balances everyday living with entertaining, with a dedicated dining area flowing into the spacious living room. The chef-inspired kitchen anchors the home with designer appliances, granite countertops, a gooseneck faucet and abundant cabinetry and prep space. Engineered hardwood flooring, 10-foot ceilings and custom window treatments run throughout, creating a refined, comfortable feel. Two parking spaces (one with EV charging) and two private lockers add everyday convenience. Building amenities include a rooftop terrace with community gardens, a professional-grade fitness centre, theatre room and stylish entertaining spaces. The location is unmatched — steps from Google's Kitchener campus, the future GO Train station and the iON LRT, right in the Innovation District. Rarely does a penthouse offer this much space, outdoor living and privacy in such a connected downtown setting. (id:63159)
Listing Information
- MLS®
- 40863342
- Data last synced
- October 17, 2026
Corcoran Horizon Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Corcoran Horizon Realty
MLS® Number: 40863342
Listing data is sourced from CREA DDF®, the Canadian Real Estate Association (CREA) Data Distribution Facility. Listing information is deemed reliable but is not guaranteed accurate by CREA or the listing brokerage. Data provided courtesy of Cornerstone Association of REALTORS®.
Values & Trends
This listing
$506/sqft
Building average
—
No other active listings in this building
114 - Uptown Waterloo/North Ward average
$540/sqft
35 active listing(s)
Parking: 2 stall(s) includedStorage locker: Not indicated
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
Nearest station: Cambridge
3°C
Fog
Humidity 98%
Wind NE calm km/h
Today
20°
Tonight
5°
Friday
12°
Friday night
-2°
Saturday
14°
Saturday night
3°
Source: Environment and Climate Change Canada.
Population
256,885
(2021 Census)
+10.1% since 2016
Similar Listings Nearby
Similar active properties nearby based on property type, price, and size.
Mortgage & Ownership Cost Calculator
Minimum required: 7.4% ($72,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$780,000.00
Periodic payment — Principal & Interest (monthly)$5,032.30
Additional monthly expenses (condo fees, tax, utilities, etc.)$2,654.22
Total monthly cost$7,686.52
Interest paid over 5-yr term$223,550.24
Balance at end of term$701,612.52
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$72,500
Stress test qualifying rate8.19%
Payment you must qualify for$6,997.75
Cash Needed at Closing
Minimum down payment$72,500
Estimated Land Transfer Tax (LTT)$15,975
Legal / closing costs (typical estimate)$1,500
Total cash needed$89,975
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Land Transfer Tax is the Ontario provincial schedule, before any first-time buyer refund; only the City of Toronto charges a municipal land transfer tax on top, so none applies in the areas this site covers (Ontario Ministry of Finance, ontario.ca/document/land-transfer-tax, as of October 28, 2026). Verify all figures with a mortgage broker and lawyer before relying on them.