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Property Type: Condo / ApartmentOwnership: Condominium
3085 KINGSWAY Drive Unit# 22
Kitchener, ON N2C2P1
MLS® 40859683
$479,900
3 bed2 bath1 parking1,200 sqftBuilt 1980
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 1
R1
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $489/mo
- Annual property tax
- $2,530
Interior
- Basement
- None
- Heating
- Forced air
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 4pc Bathroom | Main level | — |
| 4pc Ensuite bath | Main level | — |
| Bedroom | Main level | 9'0'' x 10'0'' |
| Bedroom | Main level | 9'9'' x 11'0'' |
| Primary Bedroom | Main level | 10'8'' x 13'3'' |
| Living room | Main level | 14'0'' x 16'0'' |
| Dining room | Main level | 8'0'' x 9'5'' |
| Kitchen | Main level | 7'9'' x 10'9'' |
Description
Brand New 3-Bed Condo Next to Fairway LRT! Skip the renovations and move straight into this spectacular, completely rebuilt 3-bedroom, 2-bathroom top-floor sanctuary! Stripped down to the studs and masterfully restored to pristine 2026 structural, electrical, and plumbing standards, this massive 1,200 sq. ft. layout offers the peace of mind of a brand-new home with the space of a townhouse. Step inside to an open-concept living space flooded with natural light, featuring a private balcony, a modern kitchen with premium finishes, and separate living/dining zones. The king-sized primary bedroom boasts an upgraded ensuite bath. Two additional large bedrooms provide the perfect space for a growing family, a home office, or a media room. Unbeatable South Kitchener location: just a 3-minute walk to Fairway LRT Station, steps to Fairview Mall, and 1 minute to Hwy 8. Includes 1 parking space. Room sizes are approximate. . A flawless, turnkey opportunity priced for a fast close—schedule your viewing today! (id:63161)
Listing Information
- MLS®
- 40859683
- Data last synced
- October 25, 2026
Enas Awad
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Enas Awad
MLS® Number: 40859683
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
$400/sqft
Building average
—
No other active listings in this building
327 - Fairview/Kingsdale average
$344/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% ($23,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$383,920.00
Periodic payment — Principal & Interest (monthly)$2,476.92
Additional monthly expenses (condo fees, tax, utilities, etc.)$759.83
Total monthly cost$3,236.75
Interest paid over 5-yr term$110,032.58
Balance at end of term$345,337.28
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$23,995
Stress test qualifying rate8.19%
Payment you must qualify for$3,534.97
Cash Needed at Closing
Minimum down payment$23,995
Estimated Land Transfer Tax (LTT)$6,073
Legal / closing costs (typical estimate)$1,500
Total cash needed$31,568
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.
