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Property Type: Condo / Apartment
24 MIDLAND Drive Unit# 507
Kitchener, ON N2A2A8
MLS® 40867136
$279,900
2 bed1 bath1 parking965 sqftBuilt 1970
Amenities
Gym
Also listed: Party Room
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 1
- Frontage
- 0 feet
R2
Ownership & Fees
- Property type
- Condo / Apartment
Maintenance Fee Includes
WaterManagementHeat
Also included: Common Area Maintenance, Electricity, Insurance, Parking
Interior
- Basement
- None
- Heating
- Radiant heat, Boiler, Natural gas
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 4pc Bathroom | Main level | — |
| Bedroom | Main level | 13'3'' x 9'2'' |
| Primary Bedroom | Main level | 13'3'' x 10'8'' |
| Dining room | Main level | 7'9'' x 9'7'' |
| Living room | Main level | 19'6'' x 12'1'' |
| Kitchen | Main level | 7'4'' x 8'8'' |
Description
Freshly painted , new flooring, refreshed kitchen counter and sink , refreshed bathroom , new closet doors .An exceptional investment in a sought-after community, ideally located beside the vibrant Stanley Park Mall. This well-maintained cooperative building offers excellent value, strong amenities, and long-term growth potential. This bright front facing corner suite features wall-to-wall windows, an enclosed patio/balcony, (not included in sq ftge )and generous room sizes. Monthly fees are fully inclusive, covering HEAT, HYDRO, WATER, and PROPERTY TAXES, providing peace of mind and predictable budgeting. Residents enjoy a variety of amenities, including an outdoor pool and patio area, party room, games room, exercise room, underground parking, and a storage locker. The location is unbeatable for walkability, transit, and everyday convenience. With the co-op actively converting to condominium status, this unit represents a smart opportunity for future appreciation. As part of the conversion, units cannot be mortgaged until the process is complete, and buyers will provide the required consent. The inclusive fees and transitional phase offer exceptional value for the square footage. Don’t miss this rare opportunity to secure a spacious corner suite in a building with strong amenities, inclusive fees, and exciting future potential. 24 Midland Drive, Unit 507 — move in today and invest in tomorrow. (id:63159)
Listing Information
- MLS®
- 40867136
- Data last synced
- October 3, 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: 40867136
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
$290/sqft
Building average
—
No other active listings in this building
226 - Stanley Park/Centreville average
$411/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: 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% ($13,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$223,920.00
Periodic payment — Principal & Interest (monthly)$1,444.66
Additional monthly expenses (condo fees, tax, utilities, etc.)$48.00
Total monthly cost$1,492.66
Interest paid over 5-yr term$64,176.12
Balance at end of term$201,416.76
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$13,995
Stress test qualifying rate8.19%
Payment you must qualify for$2,061.76
Cash Needed at Closing
Minimum down payment$13,995
Estimated Land Transfer Tax (LTT)$2,674
Legal / closing costs (typical estimate)$1,500
Total cash needed$18,169
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.
