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Property Type: Detached HouseOwnership: Freehold
38 RIVER VALLEY Drive
Kitchener, ON N2C2V6
MLS® 40845940
$2,495,000
5 bed6.5 bath9 parking5,466 sqftBuilt 2017
Property Details
Property & Lot
- Sub-type
- House
- Style
- Other
- Stories
- 3
- Lot size
- 0.42 acres
- Frontage
- 79 feet
R2
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $15,297.25
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Gym | Lower level | 11'10'' x 19'9'' |
| Bedroom | Lower level | 14'10'' x 12'2'' |
| Recreation room | Lower level | 18' x 30'8'' |
| 4pc Bathroom | Lower level | 6'4'' x 13'5'' |
| Utility room | Lower level | 11'6'' x 13'7'' |
| Laundry room | Second level | 12' x 6' |
| 3pc Bathroom | Second level | 6'5'' x 10'4'' |
| 3pc Bathroom | Second level | 5'2'' x 9'10'' |
| 3pc Bathroom | Second level | 5'5'' x 10'6'' |
| Bedroom | Second level | 12'1'' x 14'1'' |
| Bedroom | Second level | 14'4'' x 12'0'' |
| Bedroom | Second level | 12'9'' x 14'11'' |
| 5pc Ensuite bath | Second level | 15'3'' x 10'1'' |
Description
Expansive executive luxury in Hidden Valley. This 5 bed 6 bath property is fully finished top to bottom. The kitchen is a culinary masterpiece offering a full suite of built in Jennair appliances. The gas cook top has water available for you at the turn of a tap. There's a wet bar with wine cooler between the dining room and kitchen, idea for a busy chef or the guests. The 3 bay garage offers inside space for four cars and an electric charger too. Every level of this 5400 + sq/ft home is finished in beautiful hardwood. The 5 full baths are magnificent. The back of the home has a 2 level deck with walkouts from the kitchen and master bedroom upstairs. Entertaining family and friends is a dream, with plenty of room and parking for everyone. Additional features include an automated sprinkler system, video monitoring, an alarm system, built in OSD audio for music lovers, and a central vacuum. When the power goes out, a full Generac system keeps the lights on. The Hidden Valley community is a quiet exclusive oasis in a busy world. Access to shopping and the highway is easy nevertheless. If you golf, Deer Ridge is just across the river. (id:63159)
Listing Information
- MLS®
- 40845940
- Data last synced
- September 15, 2026
Royal LePage Wolle Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Royal LePage Wolle Realty
MLS® Number: 40845940
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
$456/sqft
Building average
—
No other active listings in this building
329 - Hidden Valley/Pioneer Tower average
$515/sqft
18 active listing(s)
Parking: 9 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: 20.0% ($499,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$1,996,000.00
Periodic payment — Principal & Interest (monthly)$12,877.51
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,547.77
Total monthly cost$14,425.29
Interest paid over 5-yr term$572,059.34
Balance at end of term$1,795,408.46
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$499,000
Stress test qualifying rate8.19%
Payment you must qualify for$15,476.47
Cash Needed at Closing
Minimum down payment$499,000
Estimated Land Transfer Tax (LTT)$48,850
Legal / closing costs (typical estimate)$1,500
Total cash needed$549,350
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.
