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Property Type: Condo / Apartment
24 MIDLAND Drive Unit# 403
Kitchener, ON N2A2A8
MLS® 40855901
$299,000
2 bed1 bath2 parking989 sqftBuilt 1968
Amenities
Gym
Also listed: Party Room
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 1
- Frontage
- 322 feet
R2
Ownership & Fees
- Property type
- Condo / Apartment
- Condo / maintenance fee
- $1,240/mo
Maintenance Fee Includes
WaterManagementHeat
Also included: Landscaping, Electricity, Insurance, Parking
Interior
- Basement
- None
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Sunroom | Main level | 20'4'' x 6'2'' |
| Storage | Main level | 4'10'' x 5'6'' |
| Primary Bedroom | Main level | 9'11'' x 15'7'' |
| Living room | Main level | 12'7'' x 19'9'' |
| Kitchen | Main level | 7'5'' x 8'9'' |
| Dining room | Main level | 7'10'' x 10'1'' |
| Bedroom | Main level | 9'10'' x 15'7'' |
| 3pc Bathroom | Main level | — |
Description
Welcome home! This beautifully updated 2-bedroom, 1-bathroom unit offers an impressive combination of comfort, convenience, and value. Located in the desirable Stanley Park community, this bright corner-site unit has been refreshed with fresh neutral paint, new flooring, crown moulding, and an updated bathroom featuring new tile, sink, fixtures, and a walk-in shower. The functional kitchen includes a pantry and comes complete with fridge, stove, and microwave. Ceiling fans add comfort, while the enclosed porch with windows provides a wonderful bonus space to relax and enjoy throughout the seasons. The monthly fee package offers incredible convenience, including heat, hydro, water, property taxes, two surface parking spaces, and common elements - making this an ideal option for those looking for simple, predictable, turn-key living. This CO-OP building offers an excellent range of amenities, including an entertaining/party room, games/media/exercise room, exclusive storage locker, and outdoor swimming pool. Numerous building updates add to the appeal, including a refreshed foyer entrance, painted hallways, covered front entrance awning, secured entry, garbage chutes, and a designated recycling area. Enjoy a fantastic Stanley Park location close to the expressway, shopping plazas, restaurants, community centre, parks, trails, and everyday amenities. Downsizing or looking for a low-maintenance home? This is an opportunity that delivers comfort, convenience, and exceptional value. *Please note, this building is a Co-operative building and is in the process of transitioning to a Condominium. Property cannot be mortgaged. (id:63159)
Listing Information
- MLS®
- 40855901
- Data last synced
- September 15, 2026
RE/MAX TWIN CITY REALTY INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX TWIN CITY REALTY INC.
MLS® Number: 40855901
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
$302/sqft
Building average
—
No other active listings in this building
226 - Stanley Park/Centreville average
$410/sqft
30 active listing(s)
Parking: 2 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: 5.0% ($14,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$239,200.00
Periodic payment — Principal & Interest (monthly)$1,543.24
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,289.38
Total monthly cost$2,832.62
Interest paid over 5-yr term$68,555.41
Balance at end of term$215,161.17
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$14,950
Stress test qualifying rate8.19%
Payment you must qualify for$2,202.45
Cash Needed at Closing
Minimum down payment$14,950
Estimated Land Transfer Tax (LTT)$2,960
Legal / closing costs (typical estimate)$1,500
Total cash needed$19,410
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.
