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Property Type: Detached HouseOwnership: Freehold
218 FORESTWOOD Drive
Kitchener, ON N2N1B9
MLS® 40864676
$750,000
3 bed2 bath3 parking1,758 sqft
Property Details
Property & Lot
- Sub-type
- House
- Style
- Raised bungalow
- Stories
- 1
- Frontage
- 45 feet
RES-2
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $4,274.24
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Utility room | Basement | 4'1'' x 7'4'' |
| Storage | Basement | 4'11'' x 7'11'' |
| Recreation room | Basement | 16'7'' x 17'8'' |
| Laundry room | Basement | 7'2'' x 10'11'' |
| Eat in kitchen | Basement | 3'11'' x 11'10'' |
| Cold room | Basement | 4'4'' x 14'1'' |
| Bedroom | Basement | 11'4'' x 18'3'' |
| Living room | Main level | 13'0'' x 15'0'' |
| Kitchen | Main level | 16'4'' x 16'5'' |
| 4pc Bathroom | Main level | — |
| 3pc Bathroom | Basement | — |
| Primary Bedroom | Main level | 13'3'' x 23'4'' |
| Bedroom | Main level | 9'11'' x 13'5'' |
Description
Beautifully Renovated Home with Private Granny Suite & Exceptional Outdoor Space Welcome to this beautifully updated and versatile home, offering a wonderful combination of renovated living spaces, flexible bedroom options, a private lower-level granny suite, and an exceptional backyard retreat. The main floor features a renovated kitchen with granite countertops, rich cherry cabinetry, and a premium Thermador chef stove. A three-way fireplace creates a warm and inviting focal point for the main living area. The updated bathroom includes a new tub and surround and a bidet, while convenient main-floor laundry adds to the home's functionality. The spacious primary bedroom offers plenty of room to relax and could potentially be converted back to three separate bedrooms, providing flexibility for a growing family or changing needs. The lower level features a separate potential granny flat with its own private entrances and key, making it ideal for extended family, guests, or additional living accommodations. The suite includes a renovated bathroom, separate laundry, and a gas fireplace, creating a comfortable and inviting space with excellent versatility. Outside, enjoy your own private backyard oasis. The new hot tub and updated wrap-around deck and fence provide the perfect setting for relaxing or entertaining, while the mature pond and established landscaping create a peaceful and very private atmosphere. The property also features a recently paved double driveway, completed in 2025, providing generous parking and excellent curb appeal. A rare opportunity to own a home offering extensive updates, flexible living arrangements, a separate potential granny suite, multiple fireplaces, convenient laundry facilities, and a beautifully private outdoor retreat. (id:63161)
Listing Information
- MLS®
- 40864676
- Data last synced
- October 29, 2026
The Realty Firm Inc.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: The Realty Firm Inc.
MLS® Number: 40864676
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
$427/sqft
Building average
—
No other active listings in this building
337 - Forest Heights average
$357/sqft
25 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: 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: 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.)$444.19
Total monthly cost$4,315.18
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.
