1 Victoria Street Unit 1006, Kitchener

Price: $400,000

1 bedrooms, 1 bathrooms

600 sqft

Property Type: Condo

MLS#: X13032644

Welcome to One Victoria Condominiums in the heart of Downtown Kitchener. This bright and well-appointed 1 bedroom, 1 bathroom suite offers approximately 627 sq ft of thoughtfully designed living space with desirable east-facing exposure overlooking King Street and the neighbouring Kaufman Lofts, providing excellent natural morning light. Open-concept layout with floor-to-ceiling windows in the living area and a spacious bedroom with walk-in closet. Recent upgrades include natural stone countertops in the kitchen and bathroom, new sinks and faucets and new light fixtures, offering a clean, modern, turnkey finish. Additional features include wide-plank laminate flooring throughout, stainless steel appliances, in-suite laundry, and a 4-piece bathroom. Includes one parking space and storage locker. Building amenities include fitness centre, theatre/media room, rooftop terrace with BBQ, party room with kitchen, secure entry, indoor parking, bicycle storage, and car share. Unbeatable location steps to the LRT, Tannery District, tech hub, restaurants, and all amenities in Downtown Kitchener. Ideal for first-time buyers, investors, or those seeking low-maintenance urban living.

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$400,000 - 1 Victoria Street Unit 1006, Kitchener

Condo for Sale in Kitchener

56 days on market
1Beds
1Baths
600Sq Ft
Condo
Property Details
MLS Number
X13032644
Property Type
Condo
Status
active
Days on Site
56
Bedrooms
1
Bathrooms
1
Square Feet
600 sqft
Neighbourhood
Kitchener
Locker
Exclusive
Exposure
North
Balcony
Enclosed
Listing Brokerage
eXp Realty
Description

Welcome to One Victoria Condominiums in the heart of Downtown Kitchener. This bright and well-appointed 1 bedroom, 1 bathroom suite offers approximately 627 sq ft of thoughtfully designed living space with desirable east-facing exposure overlooking King Street and the neighbouring Kaufman Lofts, providing excellent natural morning light. Open-concept layout with floor-to-ceiling windows in the living area and a spacious bedroom with walk-in closet. Recent upgrades include natural stone countertops in the kitchen and bathroom, new sinks and faucets and new light fixtures, offering a clean, modern, turnkey finish. Additional features include wide-plank laminate flooring throughout, stainless steel appliances, in-suite laundry, and a 4-piece bathroom. Includes one parking space and storage locker. Building amenities include fitness centre, theatre/media room, rooftop terrace with BBQ, party room with kitchen, secure entry, indoor parking, bicycle storage, and car share. Unbeatable location steps to the LRT, Tannery District, tech hub, restaurants, and all amenities in Downtown Kitchener. Ideal for first-time buyers, investors, or those seeking low-maintenance urban living.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,052.21/mo

Includes CMHC insurance ($11,160)

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5-yr fixed avg.

Principal: $360,000Interest: $244,502
Mortgage Amount$371,160
Total Interest$244,502
Est. Property Tax$283/mo
Total Cost$615,662

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: Kitchener

Discover Kitchener

Kitchener is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in Kitchener

  • Convenient location in Kitchener
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

Kitchener offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

1 Victoria Street Unit 1006, Kitchener

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$1,800/mo
Range: $1,530 - $2,070
Cap Rate (ROI)
3.1%
Fair

Monthly Cash Flow Breakdown

Rental Income+$1,800
Maintenance Fees-$390
Property Tax (est.)-$283
Insurance (est.)-$83
Net Cash Flow+$1,044

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $667/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Negotiation Opportunity

At 56 days on site, this property has exceeded the typical selling timeline for Kitchener. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.

Efficient Living

At 600 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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    1 Victoria Street Unit 1006, Kitchener | $400,000 | Battaglia Team