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Property Type: Detached HouseOwnership: Freehold
240 STOKE Drive
Kitchener, ON N2N2C1
MLS® 40840474
$939,000
5 bed4.5 bath4 parking2,820 sqft
Property Details
Property & Lot
- Sub-type
- House
- Style
- Other
- Stories
- 2
- Frontage
- 42 feet
R2A
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $5,630.13
Interior
- Basement
- Finished, Full
- Heating
- Stove, Forced air
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Main level | 9'0'' x 17'3'' |
| 4pc Bathroom | Basement | 7'0'' x 10'1'' |
| 4pc Bathroom | Second level | 4'11'' x 8'0'' |
| 4pc Bathroom | Second level | 5'0'' x 7'3'' |
| Bedroom | Basement | 10'1'' x 15'0'' |
| 2pc Bathroom | Main level | — |
| Bedroom | Second level | 10'6'' x 11'0'' |
| Bedroom | Second level | 11'6'' x 10'4'' |
| Bedroom | Second level | 11'2'' x 11'0'' |
| Bedroom | Second level | 17'8'' x 11'6'' |
Description
Welcome to this spacious and well-maintained 4+1 bedroom, 3.5 bathroom home, located in Kitchener’s desirable Beechwood Forest. Designed for comfortable family living, this property offers a functional layout with generous room sizes, and hardwood flooring in all bedrooms, living room, dining room, and both family rooms. The bright and inviting interior features four bedrooms above grade, plus an additional bedroom in the fully finished walkout basement, providing flexible space for extended family, guests, home office, or recreation. The basement also includes a workshop with workbench, ideal for hobbyists, or DIY enthusiasts, as well as two storage rooms and a recreation room. The separate walkout entrance makes this home ideal for a rental or in-law suite. Additional features include a water softener, water heater, and chest freezer. One of this home's most exceptional features is its backyard view of beautiful Monarch Woods, offering enjoyment of the forest and creek during all seasons. Delight in this peaceful, natural space from one of the two private decks, including a waterproofed lower deck that provides additional protected outdoor living space, perfect for entertaining, relaxing, or family gatherings. Ideally situated close to elementary and secondary schools, parks, library, pool, and shopping; this home offers an excellent combination of space, functionality, and location. Don’t miss this rare opportunity for growing families, multi-generational living, or anyone seeking versatile living space in a highly desirable, family-friendly neighborhood. Due to severe storm damage, the tree that is visible in aerial photos of the front lawn has had to be removed. (id:63159)
Listing Information
- MLS®
- 40840474
- Data last synced
- October 7, 2026
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: not provided
MLS® Number: 40840474
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
$333/sqft
Building average
—
No other active listings in this building
338 - Beechwood Forest/Highland W. average
$464/sqft
8 active listing(s)
Parking: 4 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: 7.3% ($68,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$751,200.00
Periodic payment — Principal & Interest (monthly)$4,846.49
Additional monthly expenses (condo fees, tax, utilities, etc.)$610.18
Total monthly cost$5,456.66
Interest paid over 5-yr term$215,296.08
Balance at end of term$675,706.83
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$68,900
Stress test qualifying rate8.19%
Payment you must qualify for$6,746.53
Cash Needed at Closing
Minimum down payment$68,900
Estimated Land Transfer Tax (LTT)$15,255
Legal / closing costs (typical estimate)$1,500
Total cash needed$85,655
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.
