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Property Type: Condo / ApartmentOwnership: Condominium
500 WESTMOUNT Road W Unit# 103
Kitchener, ON N2M5M9
MLS® 40847268
$385,000
2 bed2 bath1 parking1,102 sqftBuilt 1990
Amenities
Gym
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 1
R2
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $732/mo
- Annual property tax
- $2,062
Maintenance Fee Includes
WaterHeat
Also included: Insurance
Interior
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Laundry room | Main level | — |
| 4pc Bathroom | Main level | — |
| 4pc Bathroom | Main level | — |
| Bedroom | Main level | 9'0'' x 15'0'' |
| Primary Bedroom | Main level | 10'5'' x 18'3'' |
| Kitchen | Main level | 8'11'' x 11'2'' |
| Dining room | Main level | 8'7'' x 11'2'' |
| Living room | Main level | 10'9'' x 14'9'' |
Description
Welcome to this inviting 2-bedroom, 2-bathroom ground-level condo, perfectly suited for first-time buyers, investors, or those looking to enjoy a low-maintenance retirement lifestyle. With its convenient walk-in access and functional layout, this home offers comfortable, easy living in a location that truly checks all the boxes. Inside, you’ll find a bright and well-designed space featuring a spacious primary bedroom complete with its own 3-piece ensuite. The second bedroom offers flexibility for guests, a home office, or additional rental potential, making this unit a smart and versatile investment. Step outside to your own patio and garden area with green space—an ideal spot to unwind, enjoy your morning coffee, or add a personal touch with your own outdoor space. The building is thoughtfully equipped with amenities that enhance everyday living, including a fitness room, sauna, common room, and secure bike storage, along with a dedicated storage unit and ample parking for both residents and visitors. Located close to the university, public transit, shopping, and everyday essentials, this condo offers strong rental appeal while also providing the convenience and community feel that homeowners value. Whether you’re entering the market, expanding your investment portfolio, or downsizing into a more relaxed lifestyle, this well-located and move-in ready condo is an opportunity you won’t want to miss. Bonus: The condo fees include all utilities for predictable monthly expenses (id:63159)
Listing Information
- MLS®
- 40847268
- Data last synced
- September 15, 2026
Realty Network
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Realty Network
MLS® Number: 40847268
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
$349/sqft
Building average
—
No other active listings in this building
415 - Uptown Waterloo/Westmount average
$540/sqft
48 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% ($19,250) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$308,000.00
Periodic payment — Principal & Interest (monthly)$1,987.11
Additional monthly expenses (condo fees, tax, utilities, etc.)$958.57
Total monthly cost$2,945.68
Interest paid over 5-yr term$88,273.69
Balance at end of term$277,047.00
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$19,250
Stress test qualifying rate8.19%
Payment you must qualify for$2,835.93
Cash Needed at Closing
Minimum down payment$19,250
Estimated Land Transfer Tax (LTT)$4,250
Legal / closing costs (typical estimate)$1,500
Total cash needed$25,000
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.
