Loading…
Property Type: Condo / ApartmentOwnership: Condominium
283 FAIRWAY Road N Unit# 501
Kitchener, ON N2A2P1
MLS® 40866128
$279,000
2 bed1 bath1 parking833 sqftBuilt 1971
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 1
R2
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $874/mo
- Annual property tax
- $1,884.04
Maintenance Fee Includes
WaterHeat
Also included: Landscaping, Electricity, Insurance
Interior
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 4pc Bathroom | Main level | — |
| Bedroom | Main level | 9'1'' x 14'7'' |
| Primary Bedroom | Main level | 14'7'' x 11'6'' |
| Dining room | Main level | 8'6'' x 7'10'' |
| Kitchen | Main level | 8'4'' x 8'2'' |
| Great room | Main level | 19'11'' x 12'8'' |
Description
ATTENTION FIRST TIME HOME BUYERS OR INVESTORS!! Welcome to this bright and spacious 2-bedroom condo in Kitchener, Find yourself conveniently located near schools, parks, shopping, and public transit, this condo is perfect for first-time buyers, downsizers, or investors Featuring a good sized living space to wind down after a long day in, as well as a modern kitchen with ample cabinet space. This unit is filled with natural light from large windows throughout. The generous-sized bedrooms offer great closet space, while the 4-piece bathroom provides comfort and functionality. Condo fees include Hydro, Water and Building insurance, this ensures worry-free living with all your essential utilities covered. Laundry is available in the building. Prime location as its just minutes to Highway 8, Fairway Mall, Chicopee Park, Grocery stores and Schools. RARE TO FIND SINGLE CAR GARAGE WHICH COMES WITH UNIT. Don't miss this fantastic opportunity!!! (id:63159)
Listing Information
- MLS®
- 40866128
- Data last synced
- September 26, 2026
HomeLife Power Realty Inc.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: HomeLife Power Realty Inc.
MLS® Number: 40866128
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
$335/sqft
Building average
—
No other active listings in this building
228 - Chicopee/Freeport average
$340/sqft
11 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% ($13,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$223,200.00
Periodic payment — Principal & Interest (monthly)$1,440.01
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,072.59
Total monthly cost$2,512.60
Interest paid over 5-yr term$63,969.76
Balance at end of term$200,769.12
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$13,950
Stress test qualifying rate8.19%
Payment you must qualify for$2,055.13
Cash Needed at Closing
Minimum down payment$13,950
Estimated Land Transfer Tax (LTT)$2,660
Legal / closing costs (typical estimate)$1,500
Total cash needed$18,110
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.
