$550K · 2 bed Condo Townhouse · Unit 35, 287 Chapel Hill Drive, Kitchener, Ontario N2R 0S4

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About this home

Welcome to this stunning 2-bedroom condo offering over 1,200 square feet of modern living space in Kitchener's desirable southwest end. Built less than 5 years ago, this home combines contemporary design with a thoughtful layout that flows effortlessly from room to room. The spacious open-concept living and dining area is perfect for entertaining or relaxing, while the bright kitchen opens onto a large private balcony-an ideal spot to enjoy your morning coffee or unwind at the end of the day. Th…

Property details

MLS#

X12839996

Status

Buy Now

Property class

Residential Condo & Other

Beds

Baths

3 full, 0 half

Rooms

Kitchens

Size

1200-1399Exact finished sqft not on MLS feed (often MPAC-only on broker systems)

Basement

None

Style

2-Storey

Type

Condo Townhouse

Year built

2023

Occupancy: Owner Occupied
Washrooms: 4 pc; 3 pc; 2 pc
Family room: No
Central vacuum: No
Ensuite laundry: No

Condo corp #: 748
Balcony: Terrace
Locker: None
Fees include: Building Insurance Included, Common Elements Included
Pets: Yes-with Restrictions

Garage: None
Garage spaces: 0
Parking: 1 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Brick, Vinyl Siding
Fronting on: —
Cross street: Evenstone Ave, Chapel Hill
Stories: 2
Utilities: —
Laundry: In Area
Interior: Air Exchanger
Parking features: —

Price movement & seller pressure

↓ $50KPrice reduction

MLS shows the seller reduced the asking price by $50,000 (from $599,900 to $549,900).

Motivated SellerWhy this label

142 days on market — Listing has been active for 142 days — extended time on market can signal seller pressure.

Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $549,900✓ $3,527 tax✓ Gas✓ 1200-1399 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$4,655/mo

incl. closing costs (yr 1)

Annual total

$55,862

year 1

Mortgage only

$2,086/mo

principal + interest

Beyond mortgage

$1,488/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$109,980

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$294/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~1,300 ft² · ON avg ~$75/mo

Gas$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%$5,499/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)$25/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$7,473

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)45% $25,034/yr

Property taxes20% $11,000/yr

Utilities7% $3,960/yr

Insurance & security3% $1,600/yr

Maintenance10% $5,499/yr

Condo fees7% $3,668/yr

Closing costs9% $5,100/yr

Mortgage is 45% of your true cost of ownership. The other 55% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$25,034	$2,086/mo
Government & taxes
Property tax	$3,527	$294/mo
Land transfer tax(closing)	$7,473	$623/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$5,499	$458/mo
Condo fees
Condo / HOA fees	$3,668	$306/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	$55,862	$4,655/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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Unit 35

About this home

MyStreetValue™ Analysis

Property details

Rooms

Price movement & seller pressure

Sales History

Neighbourhood SOLDs

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Annual costs