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$587K · 3 bed Condo Townhouse · Unit 5, 487 EAST Avenue, Kitchener, Ontario N2H 0A8 | HomeSearchCanada

$587,000

Unit 5

56 DOM

3256d

Map

DOM 56

↓ $12KPrice Reduced

$587,000

↓ $12K

DOM56days

Unit 5

487 EAST Avenue · Kitchener · Ontario N2H 0A8

MLS® X13209926 · N2H 0A8

32OwnerOccupied1600-1799 ft²Condo Townhouse1-car AttachedPartial Basement, Partially Finished56d$345/ft²$3,500 tax/yrPartial Basement, Partially Finished

56 days on market

About this home

Welcome to this stunning newer end-unit townhome located in the highly sought-after East Ward community. Rarely offered and perfectly situated, this bright and modern home is just steps from the Kitchener Auditorium, parks, shopping, downtown amenities, LRT access, major highways, and more. Step inside to discover a sun-filled open-concept layout featuring spacious rooms, stylish finishes, abundant storage, and large windows throughout that flood the home with natural light. The contemporary kit…

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Property details

MLS#: X13209926
Status: Buy Now
Property class: Residential Condo & Other
Beds: 3
Baths: 2 full, 0 half
Rooms: 8
Kitchens: 1
Size: 1600-1799Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: Partial Basement, Partially Finished
Style: 3-Storey
Type: Condo Townhouse
Year built: —Year built not on MLS feed (often MPAC-only on broker systems)

Occupancy: Owner Occupied
Washrooms: 2 pc · Main; 5 pc · Second
Family room: Family room
Central vacuum: Central vacuum
Ensuite laundry: Ensuite laundry

Condo corp #: 569
Balcony: Open
Locker: None
Fees include: Parking Included
Pets: Yes-with Restrictions

Garage: 1-car Attached
Garage spaces: 1
Parking: 2 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Stone, Brick
Fronting on: —
Cross street: OTTAWA & WEBER
Stories: 1
Utilities: —
Laundry: In-Suite Laundry
Interior: Central Vacuum
Parking features: Private

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Room details

Seller signals

Price movement & seller pressure

↓ $12KPrice reduction

MLS shows the seller reduced the asking price by $12,000 (from $599,000 to $587,000).

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: EXP REALTY

Source: TRREB/PROPTX · MLS® X13209926

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$587K

Unit 5 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $587,000✓ $3,500 tax✓ Gas✓ 1600-1799 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$5,021/mo

incl. closing costs (yr 1)

Annual total

$60,256

year 1

Mortgage only

$2,227/mo

principal + interest

Beyond mortgage

$1,652/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$117,400

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$292/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~1,700 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%$5,870/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)$37/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$8,215

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)44% $26,723/yr

Property taxes19% $11,715/yr

Utilities7% $3,960/yr

Insurance & security3% $1,600/yr

Maintenance10% $5,870/yr

Condo fees9% $5,289/yr

Closing costs8% $5,100/yr

Mortgage is 44% of your true cost of ownership. The other 56% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$26,723	$2,227/mo
Government & taxes
Property tax	$3,500	$292/mo
Land transfer tax(closing)	$8,215	$685/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%)	$5,870	$489/mo
Condo fees
Condo / HOA fees	$5,289	$441/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	$60,256	$5,021/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 5

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Price movement & seller pressure

Sales History

Neighbourhood SOLDs

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Annual costs