404 King St Street Unit 424, Kitchener

Price: $384,900

2 bedrooms, 1 bathrooms

900 sqft

Property Type: Condo

MLS#: X13103778

Welcome Home to the historic Kaufman Lofts in the heart of the Innovation District! This stunning 2-bedroom loft perfectly blends urban style with contemporary comfort. Featuring 14' ceilings, luxury vinyl plank flooring, and custom barn doors, this open-concept space exudes character and sophistication. The modern kitchen showcases extended-height cabinetry, a large working island with seating, quartz countertops, and stainless steel appliances, ideal for both everyday living and entertaining. Enjoy an abundance of natural light through oversized windows and take advantage of custom built-in storage in each bedroom, plus the convenience of in-suite laundry. Residents of Kaufman Lofts enjoy access to premium amenities including a rooftop patio with community BBQ and dining area, a meeting/party room, bicycle storage, and visitor parking. Located just steps to the new Google Office, Sun Life and Manulife head offices, as well as restaurants, shops, and LRT transit, this loft offers the ultimate downtown lifestyle.

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$384,900 - 404 King St Street Unit 424, Kitchener

Condo for Sale in Kitchener

42 days on market
2Beds
1Baths
900Sq Ft
Condo
Property Details
MLS Number
X13103778
Property Type
Condo
Status
active
Days on Site
42
Bedrooms
2
Bathrooms
1
Square Feet
900 sqft
Neighbourhood
Kitchener
Locker
Owned
Exposure
West
Balcony
None
Listing Brokerage
RE/MAX ESCARPMENT TEAM LOGUE REALTY
Description

Welcome Home to the historic Kaufman Lofts in the heart of the Innovation District! This stunning 2-bedroom loft perfectly blends urban style with contemporary comfort. Featuring 14' ceilings, luxury vinyl plank flooring, and custom barn doors, this open-concept space exudes character and sophistication. The modern kitchen showcases extended-height cabinetry, a large working island with seating, quartz countertops, and stainless steel appliances, ideal for both everyday living and entertaining. Enjoy an abundance of natural light through oversized windows and take advantage of custom built-in storage in each bedroom, plus the convenience of in-suite laundry. Residents of Kaufman Lofts enjoy access to premium amenities including a rooftop patio with community BBQ and dining area, a meeting/party room, bicycle storage, and visitor parking. Located just steps to the new Google Office, Sun Life and Manulife head offices, as well as restaurants, shops, and LRT transit, this loft offers the ultimate downtown lifestyle.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,974.74/mo

Includes CMHC insurance ($10,739)

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5-yr fixed avg.

Principal: $346,410Interest: $235,272
Mortgage Amount$357,149
Total Interest$235,272
Est. Property Tax$273/mo
Total Cost$592,421

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

404 King St Street Unit 424, 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)
4.2%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,280
Maintenance Fees-$585
Property Tax (est.)-$273
Insurance (est.)-$80
Net Cash Flow+$1,342

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 $428/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 42 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.

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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    404 King St Street Unit 424, Kitchener | $384,900 | Battaglia Team