$289K · 2 bed Condo Apartment · Kitchener

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About this home

Welcome to easy, affordable living in the heart of Kitchener. Ideal for first-time buyers, downsizers, or investors, this charming condo offers great value with utilities included in the condo fees for worry-free living. The functional layout features a galley-style kitchen with adjoining dining area, a bright living room with a Juliet balcony, and two spacious carpet-free bedrooms with ample closet space. Enjoy secure entry, elevator access, a designated parking spot, and a shared outdoor gazeb…

Property details

MLS#

X12880520

Status

Buy Now

Beds

Baths

1 full, 0 half

Size

800-899

Style

1 Storey/Apt

Type

Condo Apartment

Year built

—

Roof: Flat, Tar and Gravel
Property features: Hospital, School Bus Route, Public Transit

View: City

Building name: River Grand Condominiums
Condo corp #: 484
Balcony: Open
Locker: None
Association amenities: Elevator, Visitor Parking
Fees include: Building Insurance Included, Heat Included, Hydro Included, Water Included, Common Elements Included, Parking Included
Pets: Yes-with Restrictions

Garage: None
Garage spaces: 0
Parking: 1 total
Heating: Baseboard
Heating fuel: Other
Cooling: Window Unit(s)
Fireplaces: —
Waterfront: No
Exterior: Aluminum Siding, Brick · Controlled Entry
Fronting on: —
Cross street: Fairway Road N - River
Basement: None
Stories: 2
Utilities: —
Laundry: Coin Operated, Common Area, In Basement
Interior: Carpet Free
Parking features: Reserved/Assigned

Level	Room	Dimensions
Main	Kitchen	2.54m × 2.44m
Main	Dining Room	2.39m × 2.64m
Main	Living Room	6.07m × 3.58m
Main	Bedroom	4.44m × 3.45m
Main	Bedroom 2	4.44m × 3.07m
Main	Bathroom	1.5m × 2.41m

Level

Room

Dimensions

Main

Kitchen

2.54m × 2.44m

Main

Dining Room

2.39m × 2.64m

Main

Living Room

6.07m × 3.58m

Main

Bedroom

4.44m × 3.45m

Main

Bedroom 2

4.44m × 3.07m

Main

Bathroom

1.5m × 2.41m

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $289,000✓ $1,818 tax✓ Other✓ 800-899 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$3,428/mo

incl. closing costs (yr 1)

Annual total

$41,132

year 1

Mortgage only

$1,096/mo

principal + interest

Beyond mortgage

$1,639/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$57,800

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$151/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~850 ft² · ON avg ~$75/mo · assumes gas heat

Other$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$2,890/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$68/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$2,810

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)32% $13,157/yr

Property taxes11% $4,628/yr

Utilities10% $3,960/yr

Insurance & security4% $1,600/yr

Maintenance7% $2,890/yr

Condo fees24% $9,797/yr

Closing costs12% $5,100/yr

Mortgage is 32% of your true cost of ownership. The other 68% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$13,157	$1,096/mo
Government & taxes
Property tax	$1,818	$151/mo
Land transfer tax(closing)	$2,810	$234/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Other	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$2,890	$241/mo
Condo fees
Condo / HOA fees	$9,797	$816/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$41,132	$3,428/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Annual costs