1101 Lackner Place Unit T2, Kitchener

Price: $395,000

2 bedrooms, 1 bathrooms

700 - 1,099 sqft

Property Type: Condo

MLS#: X13412280

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 countertops and new stainless steel Whirlpool appliances. The generously sized primary bedroom features a walk-in closet, providing ample storage space. Additional highlights include a stylish 4-piece bathroom, in-suite laundry, one owned parking space, and a private storage locker. Conveniently located just steps from Food Basics, Rexall, parks, walking trails, and public transit, and only minutes from Highway 401, the University of Waterloo, and Wilfrid Laurier University, this exceptional home offers the perfect balance of urban convenience and natural surroundings.

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New Listing
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$395,000 - 1101 Lackner Place Unit T2, Kitchener

Condo for Sale in Kitchener

New — Listed 6 days ago
2Beds
1Baths
700 - 1,099Sq Ft
Condo
Property Details
MLS Number
X13412280
Property Type
Condo
Status
active
Days on Site
6
Bedrooms
2
Bathrooms
1
Square Feet
700 - 1,099 sqft
Neighbourhood
Kitchener
Locker
Owned
Exposure
South West
Balcony
Terrace
Listing Brokerage
HOMELIFE/MIRACLE REALTY LTD
Description

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 countertops and new stainless steel Whirlpool appliances. The generously sized primary bedroom features a walk-in closet, providing ample storage space. Additional highlights include a stylish 4-piece bathroom, in-suite laundry, one owned parking space, and a private storage locker. Conveniently located just steps from Food Basics, Rexall, parks, walking trails, and public transit, and only minutes from Highway 401, the University of Waterloo, and Wilfrid Laurier University, this exceptional home offers the perfect balance of urban convenience and natural surroundings.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,026.55/mo

Includes CMHC insurance ($11,021)

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5-yr fixed avg.

Principal: $355,500Interest: $241,446
Mortgage Amount$366,521
Total Interest$241,446
Est. Property Tax$280/mo
Total Cost$607,966

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

1101 Lackner Place Unit T2, Kitchener

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,200/mo
Range: $1,870 - $2,530
Cap Rate (ROI)
4.2%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$455
Property Tax (est.)-$280
Insurance (est.)-$82
Net Cash Flow+$1,383

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 $564/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Kitchener's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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 700 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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    1101 Lackner Place Unit T2, Kit… — $395,000 | Battaglia Team