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Property Type: Detached HouseOwnership: Freehold
24 GRAND HILL Drive
Kitchener, ON N2P2E4
MLS® 40824456
$998,000
5 bed2 bath7 parking2,115 sqft
Property Details
Property & Lot
- Sub-type
- House
- Style
- Bungalow
- Stories
- 1
- Frontage
- 80 feet
R1
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $7,068.18
Interior
- Basement
- Finished, Full
- Heating
- Heat Pump, Forced air
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Workshop | Basement | 8'0'' x 13'5'' |
| Other | Basement | 12'2'' x 8'8'' |
| Recreation room | Basement | 12'8'' x 24'8'' |
| Office | Basement | 8'0'' x 7'2'' |
| Laundry room | Basement | 12'8'' x 14'6'' |
| Family room | Lower level | 12'2'' x 27'10'' |
| Bedroom | Basement | 9'9'' x 11'0'' |
| Bedroom | Basement | 7'11'' x 11'0'' |
| 3pc Bathroom | Basement | — |
| Bedroom | Main level | 10'0'' x 10'6'' |
| Bedroom | Main level | 9'8'' x 13'8'' |
| Primary Bedroom | Main level | 13'8'' x 10'3'' |
| 4pc Bathroom | Main level | — |
| Kitchen |
Description
Tucked into one of Kitchener's most prestigious and tightly held neighbourhoods, this is a rare opportunity to secure a prime property in Grand Hill Village at an exceptional entry point. Surrounded by estate-sized homes on expansive lots, this residence offers the space, setting, and upside that discerning buyers are searching for. Backing onto protected Crown land, this 0.54 acre setting is truly exceptional. With no rear neighbours and uninterrupted natural views, this property offers a level of privacy that is increasingly rare. Daily life here is enriched by nature, with frequent wildlife sightings including deer and wild turkeys, creating a peaceful, retreat-like atmosphere right in your own backyard. While many homes in the area are significantly larger, this property presents a compelling canvas for transformation. This is an ideal opportunity for buyers looking to invest and create a showpiece in a neighbourhood where such improvements are well supported. Residents are part of a vibrant and engaged community association that fosters connection and pride of place. Membership includes exclusive access to private amenities such as scenic walking trails, a tennis court, a swimming pond, and a residents-only beach. Tree-lined streets, nearby schools, parks, and a true sense of community make this a standout place to call home. Convenience is equally impressive, with quick access to major highways and future LRT, making commuting and city amenities effortlessly within reach. Many of the home's features remain original, offering a unique opportunity for the next owner to reimagine and elevate the space to its full potential. The updated kitchen provides a great starting point, blending everyday functionality with the opportunity to further enhance the home over time. Additional recent updates include a new A/C, heat pump, and a roof with a 50 year transferable warranty, offering added comfort and peace of mind as you bring your vision to life. (id:63161)
Listing Information
- MLS®
- 40824456
- Data last synced
- October 29, 2026
Chestnut Park Realty Southwestern Ontario Limited
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Chestnut Park Realty Southwestern Ontario Limited
MLS® Number: 40824456
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
$472/sqft
Building average
—
No other active listings in this building
329 - Hidden Valley/Pioneer Tower average
$514/sqft
18 active listing(s)
Parking: 7 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: 7.5% ($74,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$798,400.00
Periodic payment — Principal & Interest (monthly)$5,151.01
Additional monthly expenses (condo fees, tax, utilities, etc.)$695.02
Total monthly cost$5,846.02
Interest paid over 5-yr term$228,823.74
Balance at end of term$718,163.38
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$74,800
Stress test qualifying rate8.19%
Payment you must qualify for$7,158.25
Cash Needed at Closing
Minimum down payment$74,800
Estimated Land Transfer Tax (LTT)$16,435
Legal / closing costs (typical estimate)$1,500
Total cash needed$92,735
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.
