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Property Type: Detached HouseOwnership: Freehold
127 GAY Crescent
Kitchener, ON N2A2C2
MLS® 40872122
69
Walk Score
47
Transit
59
Bike
$685,000
3 bed2 bath4 parking2,083 sqftBuilt 1968
69
Walk Score
47
Transit
59
Bike
Property Details
Property & Lot
- Sub-type
- House
- Style
- Other
- Stories
- 3
- Frontage
- 53 feet
R2A
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $4,491
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Storage | Basement | 12'6'' x 11'4'' |
| Laundry room | Basement | 7'9'' x 11'3'' |
| Foyer | Main level | 9'2'' x 11'6'' |
| Family room | Main level | 11'4'' x 18'3'' |
| Living room | Second level | 11'5'' x 19'2'' |
| Dining room | Second level | 9'1'' x 12'2'' |
| Kitchen | Second level | 12'1'' x 13'9'' |
| Bedroom | Third level | 10'0'' x 12'5'' |
| Primary Bedroom | Third level | 11'3'' x 13'9'' |
| Bedroom | Third level | 10'4'' x 12'5'' |
| 5pc Bathroom | Third level | 4'11'' x 11'10'' |
| Recreation room | Basement | 11'4'' x 19'0'' |
| 3pc Bathroom | Basement | 4'7'' x 7'3'' |
Description
Framed by a dreamy, tree-lined street on a large lot, this completely reimagined mid-century four-level side-split is where you will want to call home. From the double-wide interlock driveway to the 2019 steel roof, every inch of this solid brick home is move-in ready and was built to stand the test of time. The covered front porch draws you into a bright foyer with direct garage access. Just off the foyer, the cozy family room anchors the main level, ready for warm winter nights spent in front of the crackling wood-burning fireplace enhanced by the sparkling granite field-stone wall. The sliding doors open to a large deck, offering seamless indoor-outdoor living under the gazebo while the kids explore their very own treehouse, all in a large green backyard. The upper levels are stunning with refinished hardwood floors, 5 baseboards, professionally painted walls, and oversized, sun-drenched vinyl windows. The custom solid-wood kitchen offers open shelving, undermount lighting, clever lazy Susans, and a breakfast peninsula. The fully renovated main bathroom has exceptional storage, double sinks and a deep soaking tub. The lower rec room features durable luxury vinyl plank flooring and bright lookout windows. From here, you have access to an absolutely massive crawl space to house all your sporting gear and seasonal decor. There is also a renovated three-piece bathroom, a dedicated fridge room, and a generous laundry room. If you are searching for a property that delivers a private, mature-tree setting your search ends here. This is the kind of home where you comfortably plant deep roots. (8' wooden fence w/ a gate will be installed on the North side of the yard) Best of all, the location lets you leave the car behind as it is walkable to schools and amenities. This sought-after Stanley Park area is famous for the Lyle Hallman Pool, its active community center, forested walking trails, shops, restaurants, and has close access to the expressway. (id:63161)
Listing Information
- MLS®
- 40872122
- Data last synced
- October 23, 2026
RE/MAX SOLID GOLD REALTY (II) LTD.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX SOLID GOLD REALTY (II) LTD.
MLS® Number: 40872122
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
$329/sqft
Building average
—
No other active listings in this building
226 - Stanley Park/Centreville average
$371/sqft
21 active listing(s)
Parking: 4 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: 6.4% ($43,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$548,000.00
Periodic payment — Principal & Interest (monthly)$3,535.51
Additional monthly expenses (condo fees, tax, utilities, etc.)$478.25
Total monthly cost$4,013.76
Interest paid over 5-yr term$157,058.38
Balance at end of term$492,927.77
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$43,500
Stress test qualifying rate8.19%
Payment you must qualify for$4,974.02
Cash Needed at Closing
Minimum down payment$43,500
Estimated Land Transfer Tax (LTT)$10,175
Legal / closing costs (typical estimate)$1,500
Total cash needed$55,175
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.
