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Property Type: TownhouseOwnership: Condominium
H - 242 RACHEL CRESCENT
Kitchener, ON N2R0E1
MLS® X13858694
$385,000
2 bed1 bath1 parking
Property Details
Property & Lot
- Sub-type
- Row / Townhouse
R8
Ownership & Fees
- Property type
- Townhouse
- Ownership
- Condominium
- Condo / maintenance fee
- $215/mo
- Annual property tax
- $2,836 (2026)
Maintenance Fee Includes
Also included: Common Area Maintenance, Insurance
Interior
- Basement
- None
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Main level | — |
| Bedroom 2 | Main level | — |
| Kitchen | Main level | — |
| Dining room | Main level | — |
| Living room | Main level | — |
| Laundry room | Main level | — |
| Bathroom | Main level | — |
Description
Welcome to 242 Rachel Crescent in Kitchener, a bright and stylish 2-bedroom, 1-bathroom condo offering a wonderful opportunity for first-time buyers, empty nesters, or anyone looking for comfortable, low-maintenance living.This thoughtfully designed open-concept layout features a spacious living and dining area that flows seamlessly into the modern kitchen, complete with granite countertops, stainless steel appliances, and a convenient island-perfect for meal preparation and casual dining. Dark laminate flooring runs throughout the main living areas, creating a modern and cohesive feel.The spacious primary bedroom provides a comfortable retreat, while the second bedroom offers excellent flexibility as a guest room, home office, or additional living space. The well-appointed four-piece bathroom features a relaxing soaker tub. Enjoy one premium corner parking space, low condo fees, and the added convenience of an owned water heater and water softener with no rental contracts.The location offers an active and convenient lifestyle, with parks, forests, walking and cycling trails nearby. Shopping, restaurants, public transit, schools, and everyday amenities are all just minutes away. Move-in ready, this condo is ready to welcome you home. Contact your Realtor today to book a private showing! (id:63161)
Listing Information
- MLS®
- X13858694
- Tax assessment year
- 2026
- Data last synced
- October 22, 2026
RE/MAX A-B Realty Ltd
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX A-B Realty Ltd
MLS® Number: X13858694
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
$363/sqft
214 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.)$451.45
Total monthly cost$2,438.56
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.
