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Property Type: Condo / ApartmentOwnership: Condominium
3085 KINGSWAY Drive Unit# 21
Kitchener, ON N2C2P1
MLS® 40872842
80
Walk Score
70
Transit
65
Bike
$499,000
3 bed1 bath2 parking1,080 sqftBuilt 1988
80
Walk Score
70
Transit
65
Bike
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 1
R-6
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $489/mo
- Annual property tax
- $2,388
Maintenance Fee Includes
Management
Also included: Landscaping, Insurance
Interior
- Basement
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Primary Bedroom | Main level | 11'0'' x 13'0'' |
| Living room | Main level | 13'10'' x 14'5'' |
| Laundry room | Main level | 11'9'' x 4'10'' |
| Kitchen | Main level | 11'10'' x 7'10'' |
| Dining room | Main level | 13'10'' x 10'0'' |
| Bedroom | Main level | 8'10'' x 11'0'' |
| Bedroom | Main level | 9'10'' x 10'10'' |
| 4pc Bathroom | Main level | 8'4'' x 6'10'' |
Description
Welcome to 21-3085 Kingsway Drive, a beautifully finished 3-bedroom corner condo offering modern living, premium upgrades, and an unbeatable location in the heart of Kitchener. Filled with natural light from extra windows and backing onto mature trees, this move-in ready home offers exceptional privacy and comfort. The thoughtfully designed interior features a custom kitchen with premium cabinetry, brand-new LG appliances, premium flooring and wall tiles, designer light fixtures, upgraded bathtub, toilet and faucets, a spacious laundry room, fresh premium paint throughout, a brand-new high-efficiency furnace, central air conditioning, and water heater. Step outside to a large private balcony with an enclosed storage room. One owned parking space is included, with a second parking space available on-site. Ideally located directly across from Fairview Park Mall and just steps to the ION LRT, major bus terminal, and minutes from Highway 401, this home offers exceptional convenience. Enjoy easy access to Walmart, Canadian Tire, Marshalls, Homesense, Michaels, Toys 'R' Us, Cineplex, D Spot Dessert Café, Swiss Chalet, Starbucks, Tim Hortons, McDonald's, Burger King, Food Basics, Shoppers Drug Mart, Dollarama, fitness centres, restaurants, grocery stores, and the entire Fairway Road shopping district. Nearby parks, excellent schools, including French Immersion programs, and a vibrant family-friendly community make this an outstanding place to call home. (id:63161)
Listing Information
- MLS®
- 40872842
- Data last synced
- October 21, 2026
Century 21 Right Time Real Estate Inc.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Century 21 Right Time Real Estate Inc.
MLS® Number: 40872842
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
$462/sqft
Building average
—
No other active listings in this building
327 - Fairview/Kingsdale average
$336/sqft
11 active listing(s)
Parking: 2 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% ($24,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$399,200.00
Periodic payment — Principal & Interest (monthly)$2,575.50
Additional monthly expenses (condo fees, tax, utilities, etc.)$742.00
Total monthly cost$3,317.50
Interest paid over 5-yr term$114,411.87
Balance at end of term$359,081.69
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$24,950
Stress test qualifying rate8.19%
Payment you must qualify for$3,675.66
Cash Needed at Closing
Minimum down payment$24,950
Estimated Land Transfer Tax (LTT)$6,455
Legal / closing costs (typical estimate)$1,500
Total cash needed$32,905
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.
