42 Tara Crescent, Kitchener

Price: $699,900

3 bedrooms, 2 bathrooms

1,500 - 1,999 sqft

Property Type: Detached

MLS#: X12820680

Welcome to 42 Tara Cres, an updated 3-bedroom home with finished basement backing onto Rittenhouse Park & situated on a quiet crescent in a highly convenient, family-friendly neighbourhood! Upon entering, you're welcomed by bright & inviting living and dining room with stylish white oak-inspired luxury vinyl plank flooring & vaulted ceiling with large window that provides scenic backyard views while allowing lots of natural light to fill the room, creating the perfect setting for relaxing or hosting guests. Updated kitchen offers fresh white cabinetry, ample counter space &S/S appliances. Dinette area also features a vaulted ceiling & sliding doors leading to the backyard, creating a beautiful backdrop for enjoying morning coffee or summer meals outdoors. Convenient 2pc bathroom completes this level. Upstairs, you'll find 3 generously sized bedrooms, each with large windows & plenty of closet space. Renovated 4pc bathroom features chic vanity with quartz countertops, marble-inspired tile, shower/tub combination & an additional storage closet. Finished basement provides valuable additional living space, highlighted by a large recreation room that is ideal for a home gym, playroom, office or media area. Step outside to a large deck overlooking a generously sized backyard that backs onto beautiful mature trees, creating a peaceful & private setting. Fully fenced yard offers plenty of space for children & pets to play, along with room to garden, entertain or simply relax & enjoy the surrounding greenery. This home backs onto Rittenhouse Park offering green space, playgrounds, sports fields & network of walking trails right at your doorstep. Just two homes down, you'll find direct access to the park with pathways that lead to Glencairn Public School & Catholic Cardinal-Léger School-perfect for families. You're also just seconds from nearby shopping centre with groceries, restaurants, fitness centre & everyday conveniences, along with easy access to Hwy 8 for commuters.

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$699,900 - 42 Tara Crescent, Kitchener

Detached for Sale in Kitchener

114 days on market
3Beds
2Baths
1,500 - 1,999Sq Ft
Detached
Property Details
MLS Number
X12820680
Property Type
Detached
Status
active
Days on Site
114
Bedrooms
3
Bathrooms
2
Square Feet
1,500 - 1,999 sqft
Neighbourhood
Kitchener
Listing Brokerage
RE/MAX Real Estate Centre Inc
Description

Welcome to 42 Tara Cres, an updated 3-bedroom home with finished basement backing onto Rittenhouse Park & situated on a quiet crescent in a highly convenient, family-friendly neighbourhood! Upon entering, you're welcomed by bright & inviting living and dining room with stylish white oak-inspired luxury vinyl plank flooring & vaulted ceiling with large window that provides scenic backyard views while allowing lots of natural light to fill the room, creating the perfect setting for relaxing or hosting guests. Updated kitchen offers fresh white cabinetry, ample counter space &S/S appliances. Dinette area also features a vaulted ceiling & sliding doors leading to the backyard, creating a beautiful backdrop for enjoying morning coffee or summer meals outdoors. Convenient 2pc bathroom completes this level. Upstairs, you'll find 3 generously sized bedrooms, each with large windows & plenty of closet space. Renovated 4pc bathroom features chic vanity with quartz countertops, marble-inspired tile, shower/tub combination & an additional storage closet. Finished basement provides valuable additional living space, highlighted by a large recreation room that is ideal for a home gym, playroom, office or media area. Step outside to a large deck overlooking a generously sized backyard that backs onto beautiful mature trees, creating a peaceful & private setting. Fully fenced yard offers plenty of space for children & pets to play, along with room to garden, entertain or simply relax & enjoy the surrounding greenery. This home backs onto Rittenhouse Park offering green space, playgrounds, sports fields & network of walking trails right at your doorstep. Just two homes down, you'll find direct access to the park with pathways that lead to Glencairn Public School & Catholic Cardinal-Léger School-perfect for families. You're also just seconds from nearby shopping centre with groceries, restaurants, fitness centre & everyday conveniences, along with easy access to Hwy 8 for commuters.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$3,590.85/mo

Includes CMHC insurance ($19,527)

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5-yr fixed avg.

Principal: $629,910Interest: $427,818
Mortgage Amount$649,437
Total Interest$427,818
Est. Property Tax$496/mo
Total Cost$1,077,255

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

42 Tara Crescent, Kitchener

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,800/mo
Range: $2,380 - $3,220
Cap Rate (ROI)
3.7%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,800
Maintenance Fees-$0
Property Tax (est.)-$496
Insurance (est.)-$146
Net Cash Flow+$2,158

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 $467/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 114 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.

Detached Home Advantages

Detached homes in Kitchener are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.

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.

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 $2,916 (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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    42 Tara Crescent, Kitchener | $699,900 | Battaglia Team