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Property Type: TownhouseOwnership: Condominium
55 MOOREGATE Crescent Unit# 24
Kitchener, ON N2M2E9
MLS® 40862883
$549,000
4 bed3.5 bath1 parking1,751 sqftBuilt 2013
Property Details
Property & Lot
- Sub-type
- Row / Townhouse
- Stories
- 3
R9
Ownership & Fees
- Property type
- Townhouse
- Ownership
- Condominium
- Condo / maintenance fee
- $319/mo
- Annual property tax
- $3,392
Maintenance Fee Includes
Also included: Insurance
Interior
- Basement
- Unfinished, Full
- Heating
- Forced air, Natural gas
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Laundry room | Basement | — |
| 4pc Bathroom | Third level | — |
| Bedroom | Third level | 10'6'' x 9'3'' |
| Bedroom | Third level | 9'6'' x 9'3'' |
| Bedroom | Third level | 8'6'' x 10'3'' |
| 4pc Bathroom | Second level | — |
| Primary Bedroom | Second level | 10'0'' x 18'11'' |
| Family room | Second level | 12'8'' x 15'4'' |
| 2pc Bathroom | Main level | — |
| Kitchen | Main level | 8'11'' x 8'4'' |
| Dining room | Main level | 8'10'' x 10'3'' |
| Living room | Main level | 15'6'' x 10'3'' |
Description
Welcome to Garden Ridge! This well-maintained 3-level townhome offers approximately 1,751 sq. ft. of living space, 4 bedrooms, and 3 bathrooms, with a functional layout ideal for families, first-time buyers, or investors. The main floor features a spacious kitchen with dark cherry cabinetry, stainless steel appliances, a range-combined microwave, a bright dining area, and outdoor access. The second level offers a comfortable family room and a primary bedroom with a 4-piece ensuite. The third level includes 3 additional bedrooms and a 4-piece bathroom. The unfinished basement, with a bathroom rough-in, offers excellent potential for future living space or added value. Low condo fees, exterior parking, and visitor parking. Conveniently located near University of Waterloo bus routes, schools, parks, trails, shopping, and major amenities. A great opportunity in a desirable Kitchener location! (id:63159)
Listing Information
- MLS®
- 40862883
- Data last synced
- October 4, 2026
Royal LePage Peaceland Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Royal LePage Peaceland Realty
MLS® Number: 40862883
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
$314/sqft
Building average
—
No other active listings in this building
323 - Victoria Hills average
$324/sqft
6 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: 5.4% ($29,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$439,200.00
Periodic payment — Principal & Interest (monthly)$2,833.57
Additional monthly expenses (condo fees, tax, utilities, etc.)$689.56
Total monthly cost$3,523.13
Interest paid over 5-yr term$125,875.98
Balance at end of term$395,061.82
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$29,900
Stress test qualifying rate8.19%
Payment you must qualify for$4,024.97
Cash Needed at Closing
Minimum down payment$29,900
Estimated Land Transfer Tax (LTT)$7,455
Legal / closing costs (typical estimate)$1,500
Total cash needed$38,855
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.
