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Property Type: Condo / ApartmentOwnership: Freehold / CondominiumNEW LISTING
509 - 24 MIDLAND DRIVE
Kitchener, ON N2A2A8
MLS® X14114260
78
Walk Score
46
Transit
74
Bike
$225,000
2 bed1 bath2 parking
78
Walk Score
46
Transit
74
Bike
Amenities
Also listed: Storage - Locker
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
Maintenance Fee Includes
WaterHeat
Also included: Common Area Maintenance, Electricity, Insurance, Parking
Interior
- Basement
- Finished, N/A
- Heating
- Radiant heat, Natural gas
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Primary Bedroom | Main level | — |
| Bedroom 2 | Main level | — |
| Living room | Main level | — |
| Dining room | Main level | — |
| Foyer | Main level | — |
| Solarium | Main level | — |
| Bathroom | Main level | — |
Description
Welcome to Unit 509 at Stanley Park Place, a well-run 55+ community in the heart of Kitchener. At 1,136 sq ft, this 2 bedroom suite is far larger than a typical apartment. It has an open-concept living and dining area, two generous bedrooms with large closets, and a full 4-piece bathroom. The standout feature is the four-season sunroom running about 42 feet along the unit. It fills the home with natural light and gives you a bright spot to read, garden or relax all year. The suite is freshly painted and move-in ready. Monthly fees of $1,230.48 cover heat, hydro, water, property taxes, building insurance, parking and maintenance. That means one predictable payment and no surprise bills. You also get exclusive parking and an exclusive storage locker. Residents enjoy an outdoor pool, a gazebo and BBQ area, a workout room, a games room and library, a party room, coin laundry, and a social calendar that includes potlucks and clubs. You're close to Ottawa St N shopping, transit, places of worship and everyday amenities. The building is a Tenancy in Common in the final stages of converting to a registered condominium, which offers long-term value for buyers who get in now. Book your private showing today. (id:63161)
Listing Information
- MLS®
- X14114260
- Data last synced
- October 25, 2026
Keller Williams Home Group Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Keller Williams Home Group Realty
MLS® Number: X14114260
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 OnePoint Association of REALTORS®.
Values & Trends
This listing
—
Building average
—
No other active listings in this building
Kitchener average
$454/sqft
380 active listing(s)
Parking: 2 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% ($11,250) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$180,000.00
Periodic payment — Principal & Interest (monthly)$1,161.30
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,240.38
Total monthly cost$2,401.68
Interest paid over 5-yr term$51,588.52
Balance at end of term$161,910.58
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$11,250
Stress test qualifying rate8.19%
Payment you must qualify for$1,657.36
Cash Needed at Closing
Minimum down payment$11,250
Estimated Land Transfer Tax (LTT)$1,975
Legal / closing costs (typical estimate)$1,500
Total cash needed$14,725
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.
