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Property Type: Detached HouseOwnership: Freehold
159 PALMER Avenue
Kitchener, ON N2G3P5
MLS® 40870782
$750,000
3 bed4.5 bath3 parking2,148 sqftBuilt 1948
Property Details
Property & Lot
- Sub-type
- House
- Style
- Contemporary
- Stories
- 2
- Lot size
- 0.08 acres
- Frontage
- 40 feet
SGA-1
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $5,245
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Utility room | Basement | 15'10'' x 11'3'' |
| Storage | Basement | 6'10'' x 12'9'' |
| Bedroom | Basement | 12'11'' x 10'4'' |
| Gym | Basement | 15'1'' x 10'4'' |
| 3pc Bathroom | Basement | 8'0'' x 6'3'' |
| Primary Bedroom | Second level | 14'4'' x 18'1'' |
| Bedroom | Second level | 10'7'' x 12'10'' |
| 5pc Ensuite bath | Second level | 11'9'' x 7'11'' |
| 3pc Bathroom | Second level | 8'10'' x 5'4'' |
| Mud room | Main level | 5'2'' x 12'3'' |
| Living room | Main level | 13'2'' x 16'8'' |
| Kitchen | Main level | 11'11'' x 9'8'' |
| Dining room | Main level | 10'9'' x 16'8'' |
Description
Love clean lines, architectural details & a home with personality? This one deserves your attention. Extensively remodelled inside & out, this distinctive home blends modern curb appeal, loft-inspired interiors & luxurious finishes in an exceptional urban location. Inside, the open-concept main floor feels more like a contemporary loft than a traditional home, with abundant natural light, maple hardwood flooring, potlights & a striking custom steel open-riser staircase. The kitchen makes a statement with butcher-block counters, stainless steel appl's, Blanco sinks & a Caesarstone waterfall island with breakfast bar. A walk-in pantry keeps everything organized, while the walkout to the spacious deck & pergola creates an effortless connection between indoor living and outdoor entertaining. Upstairs, the primary retreat offers elevated ceilings, double closets and a private terrace overlooking the park. The luxurious five-piece ensuite, complete with a custom vanity, porcelain tile, a stylish soaker tub & walk-in shower, adds a little everyday indulgence. A 2nd bedroom & 3pc bathroom provide flexibility for guests or a home office. The finished lower level extends the living space with a third bedroom, its own three-piece ensuite and generous storage. Outside, low-maintenance Distinction Wood Grain steel siding, a double-wide driveway, EV charger & a single garage w/ plenty of storage continue the home's contemporary appeal. And then there's the lifestyle. Step outside & you're moments from the Iron Horse Trail, perfect for morning walks, cycling & getting some fresh air without ever needing the car. The LRT, shops, cafés & restaurants are close by, while downtown & hwy's are just minutes away. It's a location that makes it easy to embrace an active, connected, urban lifestyle while enjoying the comfort of a home that feels like your own private retreat. For buyers who want something beyond the ordinary, this is a home that stands apart. (id:63159)
Listing Information
- MLS®
- 40870782
- Data last synced
- October 20, 2026
Royal LePage Wolle Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Royal LePage Wolle Realty
MLS® Number: 40870782
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
$349/sqft
Building average
—
No other active listings in this building
311 - Downtown/Rockway/S. Ward average
$399/sqft
20 active listing(s)
Parking: 3 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
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Mortgage & Ownership Cost Calculator
Minimum required: 6.7% ($50,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$600,000.00
Periodic payment — Principal & Interest (monthly)$3,871.00
Additional monthly expenses (condo fees, tax, utilities, etc.)$544.08
Total monthly cost$4,415.08
Interest paid over 5-yr term$171,961.72
Balance at end of term$539,701.94
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$50,000
Stress test qualifying rate8.19%
Payment you must qualify for$5,427.62
Cash Needed at Closing
Minimum down payment$50,000
Estimated Land Transfer Tax (LTT)$11,475
Legal / closing costs (typical estimate)$1,500
Total cash needed$62,975
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.
