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Property Type: Detached HouseOwnership: Freehold
97 MANITOULIN Crescent
Kitchener, ON N2A3H5
MLS® 40833340
$1,250,000
4 bed4.5 bath6 parking2,682 sqftBuilt 1987
Property Details
Property & Lot
- Sub-type
- House
- Style
- Other
- Stories
- 2
- Lot size
- 0.26 acres
- Frontage
- 62 feet
R2A
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $8,045
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 3pc Bathroom | Basement | 8'8'' x 5'4'' |
| Storage | Basement | 9'2'' x 6'2'' |
| Storage | Basement | 8'10'' x 11'4'' |
| Utility room | Basement | 8'10'' x 4'11'' |
| Other | Basement | 11'3'' x 13'5'' |
| Bedroom | Basement | 11'3'' x 15'1'' |
| Kitchen | Basement | 11'11'' x 7'1'' |
| Recreation room | Basement | 35'4'' x 14'7'' |
| 5pc Bathroom | Second level | 9'2'' x 7'10'' |
| Bedroom | Second level | 10'6'' x 12'1'' |
| Bedroom | Second level | 17'5'' x 14'7'' |
| 5pc Ensuite bath | Second level | 15'4'' x 8'6'' |
| Primary Bedroom | Second level | 18'10'' x 22'10'' |
Description
NEW PRICE!! Welcome to Paradise on the Grand. Prepare to be captivated by this luxurious, fully finished 4 bedroom, 4 bath all-brick executive home offering 3,814 square feet of impeccably designed finished living space. Perfectly blending sophisticated indoor elegance with a resort-style backyard retreat, this rare property sits on a fully landscaped lot backing directly onto the scenic Grand River. Step inside to a family-friendly, formal floor plan designed for entertaining and upscale family life, complete with a dedicated main floor office that is perfect for the work-from-home professional. The gourmet chef’s kitchen is a true centerpiece, showcasing premium built-in appliances, granite countertops, and seamless access to the upper deck. The primary bedroom suite is a masterclass in luxury. The opulent ensuite bath is designed to mimic a high-end spa, featuring a deep free-standing soaker tub, curbless walk-in shower, and a cozy heated floor and towel rack. Three additional bedrooms and beautifully appointed bathrooms ensure plenty of space and privacy for family and guests. The professionally finished walk-out basement expands your living space, featuring a convenient second kitchen and offering the perfect spot for a home theatre, gym, or recreation room. Step into a backyard paradise built for summer entertainment. A massive, sparkling saltwater pool serves as the crown jewel of the backyard surrounded by a huge, custom stone patio, providing space for lounging and dining. Above, an expansive upper deck features sleek glass railings, allowing unobstructed views of the beautiful river valley and beyond. The property is fully landscaped, including a lawn irrigation system in the front and side, maximizing privacy while celebrating the peaceful backdrop of the Grand River. Don’t miss your chance to own a piece of waterfront luxury (id:63159)
Listing Information
- MLS®
- 40833340
- Data last synced
- September 15, 2026
RED AND WHITE REALTY INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RED AND WHITE REALTY INC.
MLS® Number: 40833340
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
$466/sqft
Building average
—
No other active listings in this building
228 - Chicopee/Freeport average
$431/sqft
6 active listing(s)
Parking: 6 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
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Mortgage & Ownership Cost Calculator
Minimum required: 8.0% ($100,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$1,000,000.00
Periodic payment — Principal & Interest (monthly)$6,451.66
Additional monthly expenses (condo fees, tax, utilities, etc.)$804.42
Total monthly cost$7,256.08
Interest paid over 5-yr term$286,602.87
Balance at end of term$899,503.23
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$100,000
Stress test qualifying rate8.19%
Payment you must qualify for$8,916.80
Cash Needed at Closing
Minimum down payment$100,000
Estimated Land Transfer Tax (LTT)$21,475
Legal / closing costs (typical estimate)$1,500
Total cash needed$122,975
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.
