$605,000 - 231 Heritage Drive, Kitchener
Semi-Detached for Sale in Kitchener
58 days on market- MLS Number
- X13009286
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 58
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Kitchener
- Listing Brokerage
- PSR
Welcome to this charming semi-detached backsplit nestled in the heart of Heritage Park, one of Kitchener's established and family-friendly neighbourhoods. Surrounded by mature trees on a quiet street, this home offers a warm and welcoming setting in a highly central location-putting everyday conveniences and popular amenities just minutes from your doorstep. Enjoy easy access to parks, walking trails along the Grand River, schools, a public library, transit, grocery stores, shopping centres including Fairview Park Mall and Stanley Park Mall, as well as local shops, restaurants, and entertainment destinations such as Bingemans and Chicopee Ski Hill. Inside, you'll find a functional and versatile layout featuring three bedrooms and two bathrooms. The multi-level design provides comfortable living spaces with flexibility for your lifestyle, including a lower level that can be used as a recreation room, media space, or home office. Step outside to enjoy a spacious backyard-ideal for relaxing, gardening, or spending time with family and friends. A wonderful opportunity to settle into a cozy home in a well-connected and desirable neighbourhood.
Estimate your monthly payments for this property
Estimated Payment
$3,103.96/mo
Includes CMHC insurance ($16,880)
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.
231 Heritage Drive, 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 $864/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 58 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.
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.
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 $2,521 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.