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Property Type: Condo / ApartmentOwnership: Condominium
207 - 51 DAVID STREET
Kitchener, ON N2G0E8
MLS® X13084692
$529,000
2 bed3.5 bath1 parking
Property Details
Property & Lot
- Sub-type
- Apartment
- Stories
- 2
R2
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $884/mo
- Annual property tax
- $5,196 (2025)
Maintenance Fee Includes
Also included: Common Area Maintenance, Insurance, Parking
Interior
- Basement
- None
- Heating
- Forced air, Natural gas
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bathroom | Main level | — |
| Dining room | Main level | — |
| Kitchen | Main level | — |
| Laundry room | Main level | — |
| Living room | Main level | — |
| Bathroom | Second level | — |
| Bathroom | Second level | — |
| Bedroom | Second level | — |
| Primary Bedroom | Second level | — |
Description
SELLERS WILL PAY $1,500/MONTH TOWARD YOUR MORTGAGE FOR 2 YEARS!! Stylish Downtown Boutique Living at OTIS ON THE PARC - 51 David St. Unit #207. A contemporary gem that pays tribute to Downtown Kitchener's most desirable neighbourhood - Victoria Park - with thoughtful architecture and stunning views. This FULLY FURNISHED, modern 1,348 sq. ft. two-story unit offers an open concept design and the perfect blend of stylish finishes and functional living. The spacious main level includes a cozy living area, a fully equipped sleek kitchen featuring a large island perfect for entertaining, a convenient 2-piece bathroom and a functional laundry room. Enjoy your morning coffee on the private balcony with views of Victoria Park, nature and downtown. Upstairs, you'll find two large bedrooms, each with their own spacious closets and private ensuite baths. This boutique condo boasts controlled entry, elevators, and an industrial water softener ensuring your comfort and peace of mind. High-speed internet and indoor parking is included, with one dedicated spot in the highly innovative, state-of-the-art underground, stacked parking garage providing safe and luxurious storage for your vehicle that can be controlled with your smart phone. Whether you're a first-time buyer, downsizer, or city enthusiast, this home checks all the boxes. Otis is perfectly located within steps of anything you will ever need, downtown Kitchener's vibrant amenities, including trendy restaurants and entertainment, shops, parks, transit, schools and business centers. Don't miss out, this unit even comes fully furnished!! (id:63159)
Listing Information
- MLS®
- X13084692
- Tax assessment year
- 2025
- Data last synced
- September 15, 2026
REAL BROKER ONTARIO LTD.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: REAL BROKER ONTARIO LTD.
MLS® Number: X13084692
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 Toronto Regional Real Estate Board.
Values & Trends
This listing
—
Building average
—
No other active listings in this building
Kitchener average
$454/sqft
380 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: 5.3% ($27,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$423,200.00
Periodic payment — Principal & Interest (monthly)$2,730.34
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,316.99
Total monthly cost$4,047.33
Interest paid over 5-yr term$121,290.34
Balance at end of term$380,669.77
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$27,900
Stress test qualifying rate8.19%
Payment you must qualify for$3,885.40
Cash Needed at Closing
Minimum down payment$27,900
Estimated Land Transfer Tax (LTT)$7,055
Legal / closing costs (typical estimate)$1,500
Total cash needed$36,455
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.
