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Property Type: TownhouseOwnership: Condominium
397 WESTWOOD Drive Unit# B
Kitchener, ON N2M0B5
MLS® 40849931
$379,000
2 bed2.5 bath1 parking1,055 sqftBuilt 2018
Open House
Saturday, October 31
2:00 PM – 4:00 PM
Property Details
Property & Lot
- Sub-type
- Row / Townhouse
- Stories
- 1
- Frontage
- 0 feet
R6
Ownership & Fees
- Property type
- Townhouse
- Ownership
- Condominium
- Condo / maintenance fee
- $306/mo
- Annual property tax
- $3,012
Maintenance Fee Includes
Also included: Insurance
Interior
- Basement
- Finished, Full
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Main level | 12'8'' x 8'6'' |
| 4pc Bathroom | Basement | 5'0'' x 8'9'' |
| Primary Bedroom | Basement | 16'10'' x 8'9'' |
| Bedroom | Basement | 11'11'' x 11'6'' |
| 2pc Bathroom | Main level | 4'11'' x 5'0'' |
| Dining room | Main level | 7'6'' x 9'2'' |
| Living room | Main level | 12'5'' x 17'6'' |
Description
Welcome to this bright and spacious two-bedroom, two-level stacked townhome condo—an ideal opportunity for first-time home buyers. Offering 1,055 sq. ft. of thoughtfully designed living space, this home features an open-concept kitchen and great room with walkout access to a private patio, perfect for relaxing or entertaining. Additional highlights include low condo fees of just $306.01 per month, central air conditioning for year-round comfort, and two generously sized bedrooms located on the lower level. Residents also enjoy access to an on-site children’s playground. Conveniently situated close to shopping, public transit, and schools, this home offers both comfort and convenience. Be sure to view the virtual tour above for a closer look. The virtual tour and floor plan are provided by iGUIDE. Measurements stated in this listing take precedence over those provided by iGUIDE. (id:63161)
Listing Information
- MLS®
- 40849931
- 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: 40849931
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
$359/sqft
Building average
—
No other active listings in this building
415 - Uptown Waterloo/Westmount average
$341/sqft
7 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% ($18,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$303,200.00
Periodic payment — Principal & Interest (monthly)$1,956.14
Additional monthly expenses (condo fees, tax, utilities, etc.)$610.01
Total monthly cost$2,566.15
Interest paid over 5-yr term$86,897.99
Balance at end of term$272,729.38
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$18,950
Stress test qualifying rate8.19%
Payment you must qualify for$2,791.73
Cash Needed at Closing
Minimum down payment$18,950
Estimated Land Transfer Tax (LTT)$4,160
Legal / closing costs (typical estimate)$1,500
Total cash needed$24,610
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.
