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Property Type: Condo / ApartmentOwnership: Condominium
40 PALACE Street Unit# M11
Kitchener, ON N2E0J3
MLS® 40869102
$289,900
1 bed1 bath1 parking560 sqft
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 1
M2
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $177/mo
- Annual property tax
- $2,293
Interior
- Basement
- None
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Lower level | 10'8'' x 9'1'' |
| Laundry room | Lower level | — |
| 4pc Bathroom | Lower level | — |
| Kitchen | Lower level | 7'0'' x 10'6'' |
| Living room/Dining room | Lower level | 14'6'' x 9'1'' |
Description
Introducing a newly built condominium townhome in Kitchener’s sought-after Parkside community—a neighbourhood where thoughtful urban design meets the quiet charm of suburban living. Set against the backdrop of McLennan and Elmsdale Parks, this location offers both a serene escape into nature and an abundance of recreational options just moments from your doorstep. This lower-level residence presents a well appointed single-storey layout encompassing 560 square feet of carefully considered space. The open-concept living and dining area invites effortless flow and natural light, complemented by a spacious bedroom and a functional, modern kitchen. Step outside to a large private terrace —ideal for open air dining or quiet reflection in a peaceful, outdoor setting. Positioned for effortless connectivity, the home is just a two-minute drive from HWY 7/8, offering direct access to regional and intercity travel. For those relying on public transit, a convenient stop is located immediately outside, making your daily commute smooth and accessible. Only a short five-minute walk away lies Laurentian Power Centre, where everyday essentials and lifestyle amenities converge. Whether picking up groceries at Zehrs, tackling home projects with supplies from Lowe’s, or accessing health services at the local walk-in clinic, this address places every convenience within easy reach. (id:63159)
Listing Information
- MLS®
- 40869102
- Data last synced
- October 16, 2026
Condo Culture Inc. - Brokerage 2
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Condo Culture Inc. - Brokerage 2
MLS® Number: 40869102
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
$518/sqft
Building average
—
No other active listings in this building
333 - Laurentian Hills/Country Hills W average
$426/sqft
18 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: Cambridge
3°C
Fog
Humidity 98%
Wind NE calm km/h
Today
20°
Tonight
5°
Friday
12°
Friday night
-2°
Saturday
14°
Saturday night
3°
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% ($14,495) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$231,920.00
Periodic payment — Principal & Interest (monthly)$1,496.27
Additional monthly expenses (condo fees, tax, utilities, etc.)$396.56
Total monthly cost$1,892.83
Interest paid over 5-yr term$66,468.94
Balance at end of term$208,612.79
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$14,495
Stress test qualifying rate8.19%
Payment you must qualify for$2,135.42
Cash Needed at Closing
Minimum down payment$14,495
Estimated Land Transfer Tax (LTT)$2,824
Legal / closing costs (typical estimate)$1,500
Total cash needed$18,819
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.
