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$395K · 1+1 bed Condo Apartment · Unit T2, Lackner Ridge, 1101 Lackner Place, Kitchener, Ontario N2A 0L3 | HomeSearchCanada

$395,000

Unit T2

90 DOM

1+1190d

Map

DOM 90

Motivated Seller

$395,000

Motivated Seller

DOM90days

Unit T2

Lackner Ridge · 1101 Lackner Place · Kitchener · Ontario N2A 0L3

MLS® X13412280 · N2A 0L3

1+11TenantOccupied700-799 ft²Condo ApartmentNoneNo basement90d$527/ft²$2,795 tax/yrNo basement

90 days on market

About this home

Welcome to 1101 Lackner Place, a beautifully designed newer-build walk out unit offering 1 bedroom plus a spacious den, ideal for a home office or guest space. This bright, open-concept home is filled with natural light and features a thoughtfully designed layout for modern living. The inviting living area offers walkout access to a private patio, perfect for enjoying your morning coffee or unwinding while taking in stunning sunset views. The contemporary kitchen is equipped with quartz countert…

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Property details

MLS#: X13412280
Status: Buy Now
Property class: Residential Condo & Other
Beds: 1+1
Baths: 1 full, 0 half
Rooms: 5
Kitchens: 1
Size: 700-799Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: None
Style: Apartment
Type: Condo Apartment
Year built: —Year built not on MLS feed (often MPAC-only on broker systems)

Occupancy: Tenant Occupied
Washrooms: 4 pc · Ground
Family room: No
Central vacuum: No
Ensuite laundry: Ensuite laundry

Property features: Hospital, Library, Park, Public Transit, School

Building name: Lackner Ridge
Condo corp #: 767
Balcony: Terrace
Locker: Owned
Association amenities: BBQs Allowed, Media Room, Party Room/Meeting Room, Visitor Parking
Fees include: CAC Included, Common Elements Included, Building Insurance Included, Parking 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
Fronting on: —
Cross street: Lackner & Ottawa Street
Stories: —
Utilities: —
Laundry: In-Suite Laundry
Interior: None
Parking features: Surface

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Room details

Seller signals

Price movement & seller pressure

Motivated SellerWhy this label

90 days on market — Listing has been active for 90 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.

Property history

Sales History

NEW

Location details

Comparable sales

Neighbourhood SOLDs

Neighbourhood stats

Brokered by: HOMELIFE/MIRACLE REALTY LTD

Source: TRREB/PROPTX · MLS® X13412280

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$395K

Unit T2 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $395,000✓ $2,795 tax✓ Gas✓ 700-799 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$3,713/mo

incl. closing costs (yr 1)

Annual total

$44,551

year 1

Mortgage only

$1,499/mo

principal + interest

Beyond mortgage

$1,389/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$79,000

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$233/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~750 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%$3,950/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)$33/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$4,400

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)40% $17,982/yr

Property taxes16% $7,195/yr

Utilities9% $3,960/yr

Insurance & security4% $1,600/yr

Maintenance9% $3,950/yr

Condo fees11% $4,764/yr

Closing costs11% $5,100/yr

Mortgage is 40% of your true cost of ownership. The other 60% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$17,982	$1,499/mo
Government & taxes
Property tax	$2,795	$233/mo
Land transfer tax(closing)	$4,400	$367/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%)	$3,950	$329/mo
Condo fees
Condo / HOA fees	$4,764	$397/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	$44,551	$3,713/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 T2

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