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Property Type: Detached HouseOwnership: Freehold
58 HOMESTEAD PLACE
Kitchener, ON N2N1Y8
MLS® X13688324
$769,900
4 bed2 bath4 parking
Property Details
Property & Lot
- Sub-type
- House
- Style
- Raised bungalow
- Stories
- 1
- Lot size
- 31.5 x 102.2 FT
- Frontage
- 31.6 feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $3,297
Interior
- Basement
- Separate entrance, N/A
- Heating
- Forced air, Natural gas
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | — |
| Dining room | Main level | — |
| Kitchen | Main level | — |
| Primary Bedroom | Main level | — |
| Bedroom 2 | Main level | — |
| Bedroom 3 | Main level | — |
| Recreational, Games room | Basement | — |
| Kitchen | Basement | — |
| Bedroom 4 | Basement | — |
Description
Fantastic opportunity in the highly sought-after Forest Heights neighborhood. This beautiful detached raised bungalow sits on a quiet street and offers incredible income or in-law suite potential. The bright, sun-filled main floor features a spacious living and dining area, a dedicated kitchen, 3 generous-sized bedrooms, and a 4-piece bath. The fully finished lower level boasts a separate walk-up entrance, a second complete kitchen with dining area, a massive family room, a large 4th bedroom and a 3-piece bath. Step outside to a private, fully fenced backyard perfect for entertaining. Parking is a breeze with a widened driveway accommodating up to 4 vehicles. Major updates were completed in 2019, including the roof, A/C, driveway, eavestroughs, soffits, and fascia, offering truly worry-free living! Unbeatable location just steps to parks, schools, transit, and shopping. This is a versatile, turnkey property you don't want to miss! (id:63159)
Listing Information
- MLS®
- X13688324
- Data last synced
- September 15, 2026
RE/MAX GOLD REALTY INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX GOLD REALTY INC.
MLS® Number: X13688324
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
$400/sqft
504 active listing(s)
Parking: 4 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: 6.8% ($51,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$615,920.00
Periodic payment — Principal & Interest (monthly)$3,973.71
Additional monthly expenses (condo fees, tax, utilities, etc.)$274.75
Total monthly cost$4,248.46
Interest paid over 5-yr term$176,524.44
Balance at end of term$554,022.03
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$51,990
Stress test qualifying rate8.19%
Payment you must qualify for$5,566.49
Cash Needed at Closing
Minimum down payment$51,990
Estimated Land Transfer Tax (LTT)$11,873
Legal / closing costs (typical estimate)$1,500
Total cash needed$65,363
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.
