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$395K · 1 bed Condo Townhouse · Unit Q24, 25 Palace Street, Kitchener, Ontario N2E 3M6 | HomeSearchCanada

$395,000

Unit Q24

1 DOM

111d

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NEW 4 HRS AGO

DOM 1

$395,000

DOM1day

Unit Q24

25 Palace Street · Kitchener · Ontario N2E 3M6

MLS® X13595702 · N2E 3M6

11Vacant500-599 ft²Condo TownhouseNoneNo basement1d$719/ft²$0 tax/yrNo basement

1 day on market

About this home

Welcome to 25 Palace Street, Unit Q24, a brand-new Averton-built condominium offering stylish, low-maintenance living in the highly desirable Alpine neighborhood of Kitchener. Thoughtfully designed with contemporary finishes and exceptional attention to detail, this stunning 1-bed, 1 Bath suite is perfect for young professionals, couples, or anyone seeking the comfort and convenience of a modern home in an unbeatable location. Step inside to discover a bright, open-concept layout featuring premi…

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Property details

MLS#: X13595702
Status: Buy Now
Property class: Residential Condo & Other
Beds: 1
Baths: 1 full, 0 half
Rooms: 1
Kitchens: 1
Size: 500-599Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: None
Style: Stacked Townhouse
Type: Condo Townhouse
Year built: —Year built not on MLS feed (often MPAC-only on broker systems)

Occupancy: Vacant
Washrooms: 4 pc · Main
Family room: No
Central vacuum: No
Ensuite laundry: Ensuite laundry

Condo corp #: 763
Balcony: Open
Locker: None
Fees include: Common Elements Included, Parking Included, Building Insurance 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 Veneer, Vinyl Siding
Fronting on: —
Cross street: Strasburg/Ottawa
Stories: 1
Utilities: —
Laundry: In-Suite Laundry
Interior: Carpet Free, Water Heater, Water Softener
Parking features: —

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Room details

Seller signals

Price movement & seller pressure

No price-drop or motivated-seller signals detected from MLS data we track on this listing.

Property history

Sales History

NEW

Location details

Comparable sales

Neighbourhood SOLDs

Neighbourhood stats

Brokered by: RE/MAX TWIN CITY REALTY INC.

Source: TRREB/PROPTX · MLS® X13595702

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$395K

Unit Q24 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $395,000✓ $0 tax✓ Gas✓ 500-599 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$3,250/mo

incl. closing costs (yr 1)

Annual total

$38,996

year 1

Mortgage only

$1,499/mo

principal + interest

Beyond mortgage

$926/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$0/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~550 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)$14/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)46% $17,982/yr

Property taxes11% $4,400/yr

Utilities10% $3,960/yr

Insurance & security4% $1,600/yr

Maintenance10% $3,950/yr

Condo fees5% $2,004/yr

Closing costs13% $5,100/yr

Mortgage is 46% of your true cost of ownership. The other 54% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$17,982	$1,499/mo
Government & taxes
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	$2,004	$167/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	$38,996	$3,250/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 Q24

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