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Property Type: Detached HouseOwnership: Freehold
245 JOSEPH SCHOERG Crescent
Kitchener, ON N2P2X8
MLS® 40829696
$2,350,000
5 bed5.5 bath9 parking6,254 sqftBuilt 2010
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 2
- Frontage
- 71 feet
RES-2
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $12,020
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
- Fireplace
- Yes (2)
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Basement | 20'1'' x 10'9'' |
| Cold room | Basement | 9'6'' x 5'7'' |
| 3pc Bathroom | Basement | 7'11'' x 6'8'' |
| Utility room | Basement | 8'2'' x 11'11'' |
| Recreation room | Basement | 40'11'' x 33'0'' |
| Family room | Basement | 10'10'' x 20'9'' |
| Bedroom | Second level | 13'5'' x 13'4'' |
| 5pc Bathroom | Second level | 11'7'' x 9'4'' |
| Bedroom | Second level | 12'0'' x 10'10'' |
| Bedroom | Second level | 12'0'' x 12'8'' |
| 3pc Bathroom | Second level | 5'11'' x 8'1'' |
| Bedroom | Second level | 18'1'' x 11'7'' |
| 5pc Ensuite bath | Second level | 17'5'' x 12'2'' |
Description
Welcome to this custom-built home at 245 Joseph Schoerg Crescent situated on a 70' lot! One-of-a-kind layout with over 6,200 SQUARE FEET of living space, perfect for larger families or muti-generational living. **Major features include: 10' MAIN FLOOR, 9' BASEMENT ceiling heights, WALK-UP access from the TRIPLE garage, STONE exterior all 4 sides, 5 BATHROOMS (2 Ensuites, Jack/Jill), 3 Media rooms/Den, Potential for main floor master bedroom, 2 KITCHENS, COVERED rear porch, out door WET bar in the rear yard with additional storage space, Built in BBQ, LAUNDRY x 2 (main floor and upper). Custom built cabinets, an island, butler's pantry access, and additional pantry space. **Grand two-storey living room with a fireplace and built-in cabinets. **Main floor DEN and STUDY. Double door entry to the primary bedroom, 2-sided fireplace, an updated Ensuite with double sinks and makeup counter, a tub with jets, a glass shower and his/her closets. Generously sized bedrooms, Upper-level media room/Study, hardwood floors, and a solid wood staircase with wrought iron railings. **Over 2,000 square feet of finished basement that features a theater room, bar/kitchen, and upgraded larger windows, perfect for IN-LAW SETUP. 200amps service, over 100 pot lights, ROI (3), Cold-room, 240v in the garage, built-in speakers, refreshed upstairs Bathrooms, freshly painted main floor and hallways, aggregate concrete driveway, concrete walkway and patio, professionally landscaped, fenced yard, and so many extras! Minutes from 7/8 Expressway and HWY 401 Access. Walking distance to the Water Bean Grand River Trail and the Waterloo Pioneer Memorial Tower. Nearby Deer Ridge Golf Course, Chicopee Ski Hills, Costco, and Sportsworld Crossing shopping centre. (id:63159)
Listing Information
- MLS®
- 40829696
- Data last synced
- September 15, 2026
RE/MAX REAL ESTATE CENTRE INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX REAL ESTATE CENTRE INC.
MLS® Number: 40829696
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
$376/sqft
Building average
—
No other active listings in this building
329 - Hidden Valley/Pioneer Tower average
$520/sqft
18 active listing(s)
Parking: 9 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
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Similar active properties nearby based on property type, price, and size.
Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($470,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$1,880,000.00
Periodic payment — Principal & Interest (monthly)$12,129.12
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,314.67
Total monthly cost$13,443.79
Interest paid over 5-yr term$538,813.40
Balance at end of term$1,691,066.08
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$470,000
Stress test qualifying rate8.19%
Payment you must qualify for$14,577.03
Cash Needed at Closing
Minimum down payment$470,000
Estimated Land Transfer Tax (LTT)$45,225
Legal / closing costs (typical estimate)$1,500
Total cash needed$516,725
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.
