391 Pioneer Drive Unit 4, Kitchener

Price: $399,000

2 bedrooms, 2 bathrooms

900 sqft

Property Type: Condo

MLS#: X13019866

Perfect for a first-time buyer, young couple, or savvy investor, this 2-bedroom, 2-bathroom townhome offers comfort, value, and an unbeatable location. Featuring updated flooring on the main and basement levels, a new heat pump installed in 2023, and an updated water heater and water softener in 2024, this home gives buyers the benefit of meaningful recent improvements along with a functional two-storey layout. Upstairs, you'll find two generously sized bedrooms, making the space ideal for a couple, small family, or even shared living with a roommate. Outside, enjoy a small front yard with space to relax, entertain, or create your own garden retreat. In the summer, take advantage of the community pool and enjoy the lifestyle this well-maintained complex has to offer. Located close to shopping, Conestoga College, and Highway 401, this home is a fantastic option for commuters and anyone looking for convenience without sacrificing space. Enjoy the feel of a townhome with outdoor space and amenities, all at a price point that can compete with an apartment. Book your private showing today.

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$399,000 - 391 Pioneer Drive Unit 4, Kitchener

Condo for Sale in Kitchener

60 days on market
2Beds
2Baths
900Sq Ft
Condo
Property Details
MLS Number
X13019866
Property Type
Condo
Status
active
Days on Site
60
Bedrooms
2
Bathrooms
2
Square Feet
900 sqft
Neighbourhood
Kitchener
Locker
None
Exposure
East
Balcony
None
Listing Brokerage
Century 21 Heritage House Ltd.
Description

Perfect for a first-time buyer, young couple, or savvy investor, this 2-bedroom, 2-bathroom townhome offers comfort, value, and an unbeatable location. Featuring updated flooring on the main and basement levels, a new heat pump installed in 2023, and an updated water heater and water softener in 2024, this home gives buyers the benefit of meaningful recent improvements along with a functional two-storey layout. Upstairs, you'll find two generously sized bedrooms, making the space ideal for a couple, small family, or even shared living with a roommate. Outside, enjoy a small front yard with space to relax, entertain, or create your own garden retreat. In the summer, take advantage of the community pool and enjoy the lifestyle this well-maintained complex has to offer. Located close to shopping, Conestoga College, and Highway 401, this home is a fantastic option for commuters and anyone looking for convenience without sacrificing space. Enjoy the feel of a townhome with outdoor space and amenities, all at a price point that can compete with an apartment. Book your private showing today.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,047.08/mo

Includes CMHC insurance ($11,132)

$
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5%10%50%

5-yr fixed avg.

Principal: $359,100Interest: $243,891
Mortgage Amount$370,232
Total Interest$243,891
Est. Property Tax$283/mo
Total Cost$614,123

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

391 Pioneer Drive Unit 4, 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)
4.0%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,280
Maintenance Fees-$585
Property Tax (est.)-$283
Insurance (est.)-$83
Net Cash Flow+$1,329

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 $443/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 60 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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    391 Pioneer Drive Unit 4, Kitchener | $399,000 | Battaglia Team