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Property Type: Condo / ApartmentOwnership: Condominium
1101 LACKNER Place Unit# T5
Kitchener, ON N2A0L3
MLS® 40858401
$385,000
2 bed1 bath1 parking708 sqft
Amenities
Gym
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 1
R7
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $445/mo
- Annual property tax
- $2,794.72
Maintenance Fee Includes
ManagementHeat
Also included: Landscaping
Interior
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Den | Main level | 8'7'' x 13'3'' |
| Laundry room | Main level | 6'0'' x 5'9'' |
| 4pc Bathroom | Main level | — |
| Primary Bedroom | Main level | 12'0'' x 11'1'' |
| Dining room | Main level | 11'11'' x 13'3'' |
| Kitchen | Main level | 9'9'' x 8'3'' |
Description
A modern luxurious condo with one bedroom and a den (708 sq. ft) stunning modern finishes, including pot lights, quartz counter top, white kitchen cabinets & backsplash, laminate flooring throughout, stainless-steel appliances, and en-suite laundry with front load Washer and Dryer. This condo offers a spacious den, perfect for an office or a quite relaxing area. The bedroom includes a walk-in closet, large window allowing abundance of natural light into the space. This condo is conveniently located near walking trails, shopping, public transit, public schools, grocery store, pharmacy and so much more. It is also close to many industrial plants (i.e., Toyota), and Hwwy-401. One (1) Parking spot and One (1) Locker included. (id:63159)
Listing Information
- MLS®
- 40858401
- Data last synced
- September 15, 2026
HOMELIFE MIRACLE REALTY LTD
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: HOMELIFE MIRACLE REALTY LTD
MLS® Number: 40858401
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
$544/sqft
Building average
—
No other active listings in this building
232 - Idlewood/Lackner Woods average
$562/sqft
6 active listing(s)
Parking: 1 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: Kitchener-Waterloo
4°C
Mist
Humidity 97%
Wind N 4 km/h
Tonight
6°
Thursday
19°
Thursday night
6°
Friday
12°
Friday night
-2°
Saturday
14°
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: 5.0% ($19,250) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$308,000.00
Periodic payment — Principal & Interest (monthly)$1,987.11
Additional monthly expenses (condo fees, tax, utilities, etc.)$712.60
Total monthly cost$2,699.71
Interest paid over 5-yr term$88,273.69
Balance at end of term$277,047.00
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$19,250
Stress test qualifying rate8.19%
Payment you must qualify for$2,835.93
Cash Needed at Closing
Minimum down payment$19,250
Estimated Land Transfer Tax (LTT)$4,250
Legal / closing costs (typical estimate)$1,500
Total cash needed$25,000
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.
