242 Westmeadow Drive Unit B, Kitchener

Price: $485,000

3 bedrooms, 2 bathrooms

1,400 sqft

Property Type: Condo

MLS#: X12993160

This extremely well-kept, updated 3-bedroom, 2-bathroom condo townhouse offers nearly 1,500 sq. ft. of living space. It features a large eat-in kitchen, a separate living room, and an elevated back deck with storage underneath. The main-floor powder room has been recently converted into a full 3-piece bathroom, giving the home two full bathrooms. The unit is carpet-free, shows beautifully, and is located in a sought-after complex. It has been professionally painted and is just around the corner from schools, entertainment, shopping, restaurants, and only minutes to the expressway and everything the Boardwalk has to offer. If you're looking for a move-in ready, low-maintenance home, look no further!

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$485,000 - 242 Westmeadow Drive Unit B, Kitchener

Condo for Sale in Kitchener

63 days on market
3Beds
2Baths
1,400Sq Ft
Condo
Property Details
MLS Number
X12993160
Property Type
Condo
Status
active
Days on Site
63
Bedrooms
3
Bathrooms
2
Square Feet
1,400 sqft
Neighbourhood
Kitchener
Locker
None
Exposure
East
Balcony
Open
Listing Brokerage
RE/MAX Solid Gold Realty (II) Ltd
Description

This extremely well-kept, updated 3-bedroom, 2-bathroom condo townhouse offers nearly 1,500 sq. ft. of living space. It features a large eat-in kitchen, a separate living room, and an elevated back deck with storage underneath. The main-floor powder room has been recently converted into a full 3-piece bathroom, giving the home two full bathrooms. The unit is carpet-free, shows beautifully, and is located in a sought-after complex. It has been professionally painted and is just around the corner from schools, entertainment, shopping, restaurants, and only minutes to the expressway and everything the Boardwalk has to offer. If you're looking for a move-in ready, low-maintenance home, look no further!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,488.30/mo

Includes CMHC insurance ($13,532)

$
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5-yr fixed avg.

Principal: $436,500Interest: $296,459
Mortgage Amount$450,032
Total Interest$296,459
Est. Property Tax$344/mo
Total Cost$746,490

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

242 Westmeadow Drive Unit B, Kitchener

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,080/mo
Range: $2,618 - $3,542
Cap Rate (ROI)
4.3%
Good

Monthly Cash Flow Breakdown

Rental Income+$3,080
Maintenance Fees-$910
Property Tax (est.)-$344
Insurance (est.)-$101
Net Cash Flow+$1,725

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 $346/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 63 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.

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.

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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    242 Westmeadow Drive Unit B, Ki… — $485,000 | Battaglia Team