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Property Type: Condo / ApartmentOwnership: Freehold / Condominium
401 - 24 MIDLAND DRIVE
Kitchener, ON N2A2A8
MLS® X13455978
$319,900
2 bed1 bath1 parking
Amenities
GymVisitor Parking
Also listed: Storage - Locker, Recreation Centre, Party Room
Property Details
Property & Lot
- Sub-type
- Apartment
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Freehold / Condominium
- Condo / maintenance fee
- $1,240/mo
- Annual property tax
- $0 (2025)
Maintenance Fee Includes
WaterHeat
Also included: Common Area Maintenance, Electricity, Insurance, Parking
Interior
- Basement
- None
- Heating
- Baseboard heaters, Electric
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | — |
| Dining room | Main level | — |
| Kitchen | Main level | — |
| Primary Bedroom | Main level | — |
| Bedroom | Main level | — |
| Bathroom | Main level | — |
Description
Step into Unit 401 at Stanley Park Place - a beautifully maintained 2-bedroom, 1-bathroom residence that perfectly blends comfort, size, and location. Situated in one of Kitchener's most established and desirable neighborhoods, this bright fourth-floor suite is a phenomenal opportunity for first-time buyers looking to enter the market, downsizers seeking a simpler lifestyle, or investors eyeing a high-potential asset.The heart of the home features an expansive, open-concept living and dining area that offers incredible flexibility for your furniture layouts. Thanks to massive windows throughout, the entire floor plan is bathed in natural light. A standout feature of this layout is the sun-drenched, enclosed sunroom veranda. This versatile, four-season space serves as the perfect spot for your morning coffee, a thriving container garden, or a bright home office setup. Both bedrooms are generously proportioned, offering ample closet space and great views. Owners gain access to an impressive lineup of building amenities, including an outdoor swimming pool and patio lounge, a fully equipped fitness center, a games room, a library, and a welcoming party room for social gatherings. For ultimate peace of mind, your monthly maintenance fees cover your utility costs and taxes. You are just a short walk from Stanley Park Mall's groceries and retail, local schools, transit routes, and scenic walking trails. For commuters, quick access to Highway 7/8 makes navigating the Waterloo Region or connecting to the GTA completely effortless. The building is currently in the final stages of its official conversion from a Tenancy in Common structure to traditional Condominium ownership. (id:63159)
Listing Information
- MLS®
- X13455978
- Tax assessment year
- 2025
- Data last synced
- September 15, 2026
INTERNATIONAL REALTY FIRM, INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: INTERNATIONAL REALTY FIRM, INC.
MLS® Number: X13455978
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 Toronto Regional Real Estate Board.
Values & Trends
This listing
—
Building average
—
No other active listings in this building
Kitchener average
$454/sqft
380 active listing(s)
Parking: 1 stall(s) includedStorage locker: Included
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% ($15,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$255,920.00
Periodic payment — Principal & Interest (monthly)$1,651.11
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,240.38
Total monthly cost$2,891.49
Interest paid over 5-yr term$73,347.41
Balance at end of term$230,200.87
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$15,995
Stress test qualifying rate8.19%
Payment you must qualify for$2,356.40
Cash Needed at Closing
Minimum down payment$15,995
Estimated Land Transfer Tax (LTT)$3,274
Legal / closing costs (typical estimate)$1,500
Total cash needed$20,769
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.
