$739,900 - 124 Prosperity Drive, Kitchener
Detached for Sale in Kitchener
- MLS Number
- X13159732
- Property Type
- Detached
- Status
- active
- Days on Site
- 28
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Kitchener
- Listing Brokerage
- RE/MAX ICON REALTY
Welcome to this beautifully maintained 2-storey home offering the perfect blend of comfort, convenience, and lifestyle. Featuring 3 bedrooms, 3 bathrooms, an attached garage, cement driveway, and a finished basement, this home is ideal for growing families or commuters looking for extra living space in a quiet, family-friendly neighbourhood.The bright open-concept main floor creates a warm and inviting atmosphere, perfect for everyday living and entertaining. Upstairs, you'll find a spacious primary bedroom with walk in closet, designed for comfort and relaxation. The second floor 3 pc bathroom offers a walk in shower with full glass shower doors and in hallway an added bonus of a cedar lined linen closet. Step outside to your fully fenced backyard retreat featuring an elevated wooden deck, outdoor swim spa for ALL SEASON use and storage shed - an incredible space to unwind, entertain guests, or enjoy family time year-round. Adding even more value are the solar panels, offering energy efficiency and the potential for reduced utility costs while supporting a more sustainable lifestyle. Pride of ownership is evident throughout with several practical and stylish upgrades including under-cabinet kitchen lighting, a reverse osmosis system, 2 included rain barrels, Roof (2019) updated windows 2020/2022. Conveniently located close to major highways, shopping, major malls, schools, parks, and everyday amenities, this property is perfect for commuters while still offering the peace and privacy of a desirable residential neighbourhood. Move-in ready and packed with features - this is a home you won't want to miss!
Estimate your monthly payments for this property
Estimated Payment
$3,796.07/mo
Includes CMHC insurance ($20,643)
5-yr fixed avg.
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.
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
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.
124 Prosperity Drive, Kitchener
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Monthly Cash Flow Breakdown
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's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $673/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.
Market Position
At 28 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Detached Home Advantages
Detached homes in Kitchener are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Kitchener properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,083 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.