$615,000 - 196 Millwood Crescent, Kitchener
Semi-Detached for Sale in Kitchener
92 days on market- MLS Number
- X12882464
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 92
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Kitchener
- Listing Brokerage
- HOMELIFE SILVERCITY REALTY INC.
Priced to sell! Live upstairs and rent out the walkout basement for extra income! Welcome to 196 Millwood Crescent, a beautifully updated semi-detached house with 1,720 sq. ft. of finished living space in one of Pioneer Park's most family-friendly neighborhoods. This move-in-ready home has been extensively renovated with new flooring, fresh paint, modern pot lights, updated vanities, and brand-new kitchen appliances (June 2025).The main floor offers two bright bedrooms, a full washroom, a spacious living/dining area, and a large kitchen with a separate pantry. The fully finished walk-out basement adds great versatility with two additional rooms, a second full washroom, and a large family/rec room featuring a cozy fireplace and access to a beautifully landscaped, tree-lined backyard-your own peaceful, cottage-like retreat. Located minutes from Pioneer Park Plaza (Zehrs, Shoppers, LCBO, Tim Hortons), Indian grocery stores, restaurants, greenspaces, and top-rated schools. Close to the Doon Pioneer Park Community Centre, library, public transit, and Highway 401.Whether you're starting a family, downsizing, or looking for a turnkey home in a prime location, this property offers exceptional comfort and value.Book your private showing today! (Some listing photos are virtually staged.)
Estimate your monthly payments for this property
Estimated Payment
$3,155.27/mo
Includes CMHC insurance ($17,159)
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.
196 Millwood Crescent, Kitchener
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Rental income estimator & ROI calculator
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
Fair Market Value
At $879/sqft, this property is priced in line with current Kitchener market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 92 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.
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.
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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Kitchener. Good resale value as demand remains consistent.
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 $2,563 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.