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Property Type: Detached HouseOwnership: Freehold
308 DEER RIDGE Drive
Kitchener, ON N2P2K6
MLS® 40865618
$1,399,900
4 bed3 bath4 parking3,793 sqft
Open House
Saturday, October 31
2:00 PM – 4:00 PM
Property Details
Property & Lot
- Sub-type
- House
- Style
- Bungalow
- Stories
- 1
- Lot size
- 0.18 acres
- Frontage
- 67 feet
Res - 2
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $9,209.28
Interior
- Basement
- Partially finished, Full
- Heating
- Forced air, Natural gas
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 3pc Bathroom | Basement | — |
| Other | Basement | 26'8'' x 21'11'' |
| Recreation room | Basement | 24'5'' x 29'7'' |
| Bedroom | Basement | 14'1'' x 13'10'' |
| Bedroom | Basement | 14'3'' x 14'0'' |
| Laundry room | Main level | 9'7'' x 5'11'' |
| 4pc Bathroom | Main level | — |
| 4pc Ensuite bath | Main level | — |
| Bedroom | Main level | 13'11'' x 12'0'' |
| Primary Bedroom | Main level | 22'6'' x 13'6'' |
| Foyer | Main level | 12'6'' x 10'6'' |
| Living room | Main level | 17'4'' x 15'3'' |
| Breakfast | Main level | 7'1'' x 15'3'' |
| Dining room |
Description
Rare opportunity to own a home in Deer Ridge, one of Kitchener’s most established upscale communities. This 4-bedroom, 3-bathroom bungalow with a 2-car garage is set on a beautifully landscaped lot with no immediate side or rear neighbours, offering excellent privacy, large windows, & plenty of natural light. The main floor features 9 ft ceilings & hardwood flooring. A large entry opens to the living room with a 15 ft vaulted ceiling, floor-to-ceiling windows, & gas fireplace. The eat-in kitchen includes a large island, stainless steel appliances, plenty of cupboard space, & a door to the backyard patio. A formal dining room provides additional space for entertaining. The spacious primary bedroom has a walk-in closet & updated 4-piece ensuite with a soaker tub. The 2nd main-floor bedroom can also be used as an office & has cheater access to the main 4-piece bathroom. A laundry/mudroom with a utility sink & garage access completes this level. The finished basement has high ceilings, a large rec-room with a gas fireplace, 2 additional bedrooms, & a 3-piece bathroom. With this layout, the lower level offers excellent in-law suite potential or a private space for extended family or guests. There is also a large utility room with plenty of storage & a spacious cold room. Outside, the fully fenced backyard features a fiberglass saltwater pool, large patio, BBQ gas line, landscaped grounds, & excellent privacy with no immediate side or rear neighbours. This Deer Ridge Kitchener home is close to Deer Ridge Golf Club, Pioneer Tower Natural Area, the Walter Bean Trail, parks, shopping, restaurants, & Costco at Gateway Park Drive. Quick access to Highway 8 & Highway 401 makes commuting throughout Kitchener-Waterloo, Cambridge, Guelph, & the GTA convenient. (id:63161)
Listing Information
- MLS®
- 40865618
- Data last synced
- October 29, 2026
Re/Max Twin City Realty Inc.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Re/Max Twin City Realty Inc.
MLS® Number: 40865618
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
$369/sqft
Building average
—
No other active listings in this building
329 - Hidden Valley/Pioneer Tower average
$521/sqft
18 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: Cambridge
3°C
Fog
Humidity 98%
Wind NE calm km/h
Today
20°
Tonight
5°
Friday
12°
Friday night
-2°
Saturday
14°
Saturday night
3°
Source: Environment and Climate Change Canada.
Population
256,885
(2021 Census)
+10.1% since 2016
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Mortgage & Ownership Cost Calculator
Minimum required: 8.2% ($114,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$1,119,920.00
Periodic payment — Principal & Interest (monthly)$7,225.34
Additional monthly expenses (condo fees, tax, utilities, etc.)$957.44
Total monthly cost$8,182.78
Interest paid over 5-yr term$320,972.29
Balance at end of term$1,007,371.66
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$114,990
Stress test qualifying rate8.19%
Payment you must qualify for$9,962.86
Cash Needed at Closing
Minimum down payment$114,990
Estimated Land Transfer Tax (LTT)$24,473
Legal / closing costs (typical estimate)$1,500
Total cash needed$140,963
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.
