342 MILL Street Unit 19, Kitchener

Price: $549,900

2 bedrooms, 2 bathrooms

1,100 - 1,499 sqft

Property Type: Townhouse

MLS#: X13093020

END UNIT TOWNHOUSE! SHOWS AAA AND BACKS ONTO GREENSPACE! Welcome to #19-342 Mill Street in Kitchener-a well-maintained and thoughtfully designed home offering 2 bedrooms, 2 bathrooms, and a functional multi-level layout perfect for modern living. The main floor welcomes you with a versatile rec room, ideal for a home office, gym, or additional living space, complete with a walkout to the back deck and convenient access to the garage. Upstairs, the second level features a bright and inviting living room, a 2-piece powder room, and an open-concept kitchen and dining area-perfect for both everyday living and entertaining. The kitchen is beautifully finished with crisp white cabinetry, stainless steel appliances, and ample workspace. Sliding doors off the dining area lead to a private balcony overlooking peaceful greenspace, offering a serene setting to relax and unwind. The third level hosts two spacious bedrooms, including a comfortable primary retreat, along with a 4-piece bathroom and a conveniently located laundry area. Additional highlights include parking for two vehicles (one in the garage and one in the driveway) and no rear neighbours for added privacy. Ideally located close to schools, Highway 8, shopping, public transit, parks, and a wide range of amenities, this home offers both comfort and convenience in a desirable Kitchener location.

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$549,900 - 342 MILL Street Unit 19, Kitchener

Townhouse for Sale in Kitchener

44 days on market
2Beds
2Baths
1,100 - 1,499Sq Ft
Townhouse
Property Details
MLS Number
X13093020
Property Type
Townhouse
Status
active
Days on Site
44
Bedrooms
2
Bathrooms
2
Square Feet
1,100 - 1,499 sqft
Neighbourhood
Kitchener
Listing Brokerage
RE/MAX TWIN CITY REALTY INC.
Description

END UNIT TOWNHOUSE! SHOWS AAA AND BACKS ONTO GREENSPACE! Welcome to #19-342 Mill Street in Kitchener-a well-maintained and thoughtfully designed home offering 2 bedrooms, 2 bathrooms, and a functional multi-level layout perfect for modern living. The main floor welcomes you with a versatile rec room, ideal for a home office, gym, or additional living space, complete with a walkout to the back deck and convenient access to the garage. Upstairs, the second level features a bright and inviting living room, a 2-piece powder room, and an open-concept kitchen and dining area-perfect for both everyday living and entertaining. The kitchen is beautifully finished with crisp white cabinetry, stainless steel appliances, and ample workspace. Sliding doors off the dining area lead to a private balcony overlooking peaceful greenspace, offering a serene setting to relax and unwind. The third level hosts two spacious bedrooms, including a comfortable primary retreat, along with a 4-piece bathroom and a conveniently located laundry area. Additional highlights include parking for two vehicles (one in the garage and one in the driveway) and no rear neighbours for added privacy. Ideally located close to schools, Highway 8, shopping, public transit, parks, and a wide range of amenities, this home offers both comfort and convenience in a desirable Kitchener location.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,821.27/mo

Includes CMHC insurance ($15,342)

$
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5%10%50%

5-yr fixed avg.

Principal: $494,910Interest: $336,129
Mortgage Amount$510,252
Total Interest$336,129
Est. Property Tax$390/mo
Total Cost$846,382

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

342 MILL Street Unit 19, Kitchener

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,200/mo
Range: $1,870 - $2,530
Cap Rate (ROI)
3.7%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$0
Property Tax (est.)-$390
Insurance (est.)-$115
Net Cash Flow+$1,695

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 $500/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 44 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.

Townhouse Benefits

Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Kitchener have shown strong appreciation as families seek more space.

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 $2,291 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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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    342 MILL Street Unit 19, Kitchener | $549,900 | Battaglia Team