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Property Type: Condo / Apartment
24 MIDLAND Drive Unit# 402
Kitchener, ON N2A2A8
MLS® 40853777
$295,000
2 bed1 bath1 parking971 sqftBuilt 1968
Amenities
Gym
Also listed: Party Room
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 1
R2
Ownership & Fees
- Property type
- Condo / Apartment
Interior
- Basement
- None
- Heating
- Hot water radiator heat, Radiant heat
- Cooling / A/C
- Wall unit
- Fireplace
- None
- Appliances
- Refrigerator, Stove
Exterior & Lot
- Exterior features
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Sunroom | Main level | 5'11'' x 20'1'' |
| Bedroom | Main level | 9'1'' x 19'4'' |
| Primary Bedroom | Main level | 10'6'' x 19'3'' |
| 4pc Bathroom | Main level | 4'8'' x 7'4'' |
| Dining room | Main level | 7'5'' x 10'2'' |
| Kitchen | Main level | 7'2'' x 8'5'' |
| Living room | Main level | 13'0'' x 20'1'' |
Description
Welcome to 24 Midland Drive, Kitchener. This CO-OP building is located in the heart of the sought after neighbourhood of Stanley Park. This bright and spacious 2 Bedroom unit is located on the 4th floor. It was recently freshly painted throughout, and has an updated Kitchen and updated 4pc main Bath. There is a L-shaped Living and Dining room and an enclosed Patio for you to enjoy the views. It comes with ONE Underground parking space and a storage locker. On-site amenities include an outdoor Pool, Exercise room, Library, Games and Party room, Bike storage, and convenient laundry facilities. As a co-operative building, your monthly fee includes all utilities (heat, hydro and water), property taxes and building insurance. This Co-operative building is in the process of converting to a Condominium. The building is within walking distance of Stanley Park Mall, and offers convenient Expressway access (id:63159)
Listing Information
- MLS®
- 40853777
- Data last synced
- September 15, 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: 40853777
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
$304/sqft
Building average
—
No other active listings in this building
226 - Stanley Park/Centreville average
$409/sqft
30 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: 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: 5.0% ($14,750) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$236,000.00
Periodic payment — Principal & Interest (monthly)$1,522.59
Additional monthly expenses (condo fees, tax, utilities, etc.)$49.00
Total monthly cost$1,571.59
Interest paid over 5-yr term$67,638.28
Balance at end of term$212,282.76
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$14,750
Stress test qualifying rate8.19%
Payment you must qualify for$2,172.99
Cash Needed at Closing
Minimum down payment$14,750
Estimated Land Transfer Tax (LTT)$2,900
Legal / closing costs (typical estimate)$1,500
Total cash needed$19,150
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.
