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Property Type: Detached HouseOwnership: Freehold
347 BANKSIDE Drive
Kitchener, ON N2N3K1
MLS® 40871155
$619,900
3 bed2.5 bath3 parking1,276 sqftBuilt 1996
Property Details
Property & Lot
- Sub-type
- House
- Style
- Other
- Stories
- 2
- Frontage
- 31 feet
R2C
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Condo / maintenance fee
- $0/mo
- Annual property tax
- $3,785
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Recreation room | Basement | 10'7'' x 19'7'' |
| Primary Bedroom | Second level | 9'6'' x 15'4'' |
| Bedroom | Second level | 11'4'' x 11'9'' |
| Bedroom | Second level | 11'4'' x 8'9'' |
| 4pc Bathroom | Second level | 5'6'' x 8'5'' |
| Living room | Main level | 11'2'' x 13'1'' |
| Kitchen | Main level | 9'6'' x 11'0'' |
| Dining room | Main level | 11'2'' x 7'9'' |
| 2pc Bathroom | Main level | — |
Description
Welcome to 347 Bankside Drive, a well-maintained 3-bedroom home located in Kitchener’s desirable Highland West neighbourhood. Fresh and move-in ready, this home has seen a number of recent updates including new flooring throughout the upper level, fresh paint throughout and beautifully refreshed stairs. The main floor offers a bright and functional layout with a spacious living area, dedicated dining space and practical kitchen with plenty of cabinetry and workspace. Upstairs, you’ll find three comfortable bedrooms and the main bathroom, complemented by the updated flooring for a fresh, cohesive feel. The lower level provides additional living space with plenty of flexibility for a recreation room, home office, playroom or additional storage. Step outside to enjoy the private backyard with room for entertaining, relaxing or letting the kids play. Conveniently located close to schools, parks, shopping, transit and everyday amenities, with easy access to major routes throughout Kitchener-Waterloo. A great opportunity for first-time buyers, young families or anyone looking for a move-in ready home in an established, family-friendly neighbourhood. (id:63161)
Listing Information
- MLS®
- 40871155
- Data last synced
- October 28, 2026
RE/MAX REAL ESTATE CENTRE INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX REAL ESTATE CENTRE INC.
MLS® Number: 40871155
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
$486/sqft
Building average
—
No other active listings in this building
338 - Beechwood Forest/Highland W. average
$434/sqft
8 active listing(s)
Parking: 3 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: 6.0% ($36,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$495,920.00
Periodic payment — Principal & Interest (monthly)$3,199.51
Additional monthly expenses (condo fees, tax, utilities, etc.)$379.42
Total monthly cost$3,578.92
Interest paid over 5-yr term$142,132.10
Balance at end of term$446,081.64
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$36,990
Stress test qualifying rate8.19%
Payment you must qualify for$4,519.73
Cash Needed at Closing
Minimum down payment$36,990
Estimated Land Transfer Tax (LTT)$8,873
Legal / closing costs (typical estimate)$1,500
Total cash needed$47,363
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.
