24 Mooregate Crescent Unit 305, Kitchener

Price: $249,900

2 bedrooms, 2 bathrooms

900 sqft

Property Type: Condo

MLS#: X12824626

Don't miss this maintenance-free, well kept and affordable 2 bedroom and 2 bathroom condo ideally located close to the expressway, both Waterloo universities, grocery stores, medical clinics and a nearby Tim Hortons. This spacious, carpet free unit is move in ready and perfect for first-time buyers, downsizers or investors. Situated in a clean, well-maintained complex with controlled entry, the condo includes its own dedicated parking space, updated windows, and a private storage locker conveniently located on the same floor. The fantastic layout features a large living room ideal for family gatherings or relaxing evenings at home. The kitchen offers ample cupboard space and comes equipped with a newer stainless steel stove and fridge. A separate formal dining area provides flexibility for entertaining, family meals or even a home office area. Step through the sliding doors off the living room to your own large, private covered balcony, the perfect place to have a coffee or tea. The spacious primary bedroom includes generous closet space and a bonus ensuite bath. The second bedroom is also well-sized, and the main bathroom features a walk-in full-sized tub and shower. An in-wall air conditioning unit ensures added comfort during warmer months. The building offers excellent amenities, including a laundry room and a party room for your special, larger gatherings. With quick possession available, this condo delivers the perfect blend of comfort and convenience. Located just minutes from major grocery stores, schools, public transit, parks, and a wide range of shops and restaurants, everything you will need is within easy reach. This is a rare opportunity to own in a very convenient area - book your showing today!

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$249,900 - 24 Mooregate Crescent Unit 305, Kitchener

Condo for Sale in Kitchener

113 days on market
2Beds
2Baths
900Sq Ft
Condo
Property Details
MLS Number
X12824626
Property Type
Condo
Status
active
Days on Site
113
Bedrooms
2
Bathrooms
2
Square Feet
900 sqft
Neighbourhood
Kitchener
Locker
Exclusive
Exposure
South
Balcony
None
Listing Brokerage
RE/MAX TWIN CITY REALTY INC.
Description

Don't miss this maintenance-free, well kept and affordable 2 bedroom and 2 bathroom condo ideally located close to the expressway, both Waterloo universities, grocery stores, medical clinics and a nearby Tim Hortons. This spacious, carpet free unit is move in ready and perfect for first-time buyers, downsizers or investors. Situated in a clean, well-maintained complex with controlled entry, the condo includes its own dedicated parking space, updated windows, and a private storage locker conveniently located on the same floor. The fantastic layout features a large living room ideal for family gatherings or relaxing evenings at home. The kitchen offers ample cupboard space and comes equipped with a newer stainless steel stove and fridge. A separate formal dining area provides flexibility for entertaining, family meals or even a home office area. Step through the sliding doors off the living room to your own large, private covered balcony, the perfect place to have a coffee or tea. The spacious primary bedroom includes generous closet space and a bonus ensuite bath. The second bedroom is also well-sized, and the main bathroom features a walk-in full-sized tub and shower. An in-wall air conditioning unit ensures added comfort during warmer months. The building offers excellent amenities, including a laundry room and a party room for your special, larger gatherings. With quick possession available, this condo delivers the perfect blend of comfort and convenience. Located just minutes from major grocery stores, schools, public transit, parks, and a wide range of shops and restaurants, everything you will need is within easy reach. This is a rare opportunity to own in a very convenient area - book your showing today!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,282.12/mo

Includes CMHC insurance ($6,972)

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5-yr fixed avg.

Principal: $224,910Interest: $152,753
Mortgage Amount$231,882
Total Interest$152,753
Est. Property Tax$177/mo
Total Cost$384,635

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

24 Mooregate Crescent Unit 305, Kitchener

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,280/mo
Range: $1,938 - $2,622
Cap Rate (ROI)
7.0%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$2,280
Maintenance Fees-$585
Property Tax (est.)-$177
Insurance (est.)-$52
Net Cash Flow+$1,466

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 $278/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 113 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 900 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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    24 Mooregate Crescent Unit 305, Kitchener | $249,900 | Battaglia Team