Loading neighbourhood intel…

$550K · 2 bed Condo Apartment · Unit 207, OTIS ON THE PARC, 51 David Street, Kitchener, Ontario N2G 0E8 | HomeSearchCanada

$549,900

Unit 207

79 DOM

2379d

Map

DOM 79

↓ $40KPrice Reduced

$549,900

↓ $40K

DOM79days

Unit 207

OTIS ON THE PARC · 51 David Street · Kitchener · Ontario N2G 0E8

MLS® X13084692 · N2G 0E8

23TenantOccupied1200-1399 ft²Condo Apartment1-car UndergroundNo basement79d$423/ft²$5,196 tax/yrBuilt 20233 yrs oldNo basement

79 days on market

About this home

SELLERS WILL PAY $1,000/MONTH TOWARD YOUR MORTGAGE FOR 2 YEARS!! Stylish Downtown Boutique Living at OTIS ON THE PARC - 51 David St. Unit #207. A contemporary gem that pays tribute to Downtown Kitchener's most desirable neighbourhood - Victoria Park - with thoughtful architecture and stunning views. This FULLY FURNISHED, modern 1,348 sq. ft. two-story unit offers an open concept design and the perfect blend of stylish finishes and functional living. The spacious main level includes a cozy living…

Reserved · coming next

HomeSearchCanada exclusive

Reserve your Home Buyers Package

Could save you thousands on this purchase — closing strategy, negotiation & rebate.

MyStreetValue™ Analysis

Book a call for full analysis. Get a full analysis →

Property details

MLS#: X13084692
Status: Buy Now
Property class: Residential Condo & Other
Beds: 2
Baths: 3 full, 0 half
Rooms: 9
Kitchens: 1
Size: 1200-1399Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: None
Style: 2-Storey
Type: Condo Apartment
Year built: 2023

Occupancy: Tenant Occupied
Washrooms: 2 pc · Main; 4 pc · Second; 4 pc · Second
Family room: No
Central vacuum: No
Ensuite laundry: Ensuite laundry

Roof: Asphalt Rolled
Foundation: Poured Concrete
Property features: Public Transit, School, Park, Greenbelt/Conservation

View: Downtown, Park/Greenbelt, Trees/Woods, Water

Building name: OTIS ON THE PARC
Condo corp #: 757
Balcony: Open
Locker: Common
Fees include: Common Elements Included, Parking Included, Building Insurance Included
Pets: Yes-with Restrictions

Garage: 1-car Underground
Garage spaces: 1
Parking: 1 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Brick Front, Metal/Steel Siding · Controlled Entry
Fronting on: —
Cross street: COURTLAND & DAVID
Stories: 2
Utilities: —
Laundry: In-Suite Laundry
Interior: Air Exchanger, Storage Area Lockers, Water Softener
Parking features: Covered, Reserved/Assigned

Rooms

Room details

Seller signals

Price movement & seller pressure

↓ $40KPrice reduction

MLS shows the seller reduced the asking price by $40,000 (from $589,900 to $549,900).

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

Property history

Sales History

NEW

Location details

Comparable sales

Neighbourhood SOLDs

Neighbourhood stats

Brokered by: REAL BROKER ONTARIO LTD.

Source: TRREB/PROPTX · MLS® X13084692

Do you own a home in Kitchener?

Find out what it's worth — and what you'd walk away with after mortgage, commission and fees.

Get My StreetValue™ →

$550K

Unit 207 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $549,900✓ $5,196 tax✓ Gas✓ 1200-1399 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$5,372/mo

incl. closing costs (yr 1)

Annual total

$64,470

year 1

Mortgage only

$2,086/mo

principal + interest

Beyond mortgage

$2,205/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$433/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)$74/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)39% $25,034/yr

Property taxes20% $12,669/yr

Utilities6% $3,960/yr

Insurance & security2% $1,600/yr

Maintenance9% $5,499/yr

Condo fees16% $10,608/yr

Closing costs8% $5,100/yr

Mortgage is 39% of your true cost of ownership. The other 61% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$25,034	$2,086/mo
Government & taxes
Property tax	$5,196	$433/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	$10,608	$884/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	$64,470	$5,372/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.

Unlock Insider Deals

Sign in

Unit 207

About this home

MyStreetValue™ Analysis

Property details

Rooms

Price movement & seller pressure

Sales History

Neighbourhood SOLDs

Request a Showing

Request a Showing

Annual costs