$749,000 - 498 BANKSIDE Drive, Kitchener
Townhouse for Sale in Kitchener
36 days on market- MLS Number
- X13106060
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 36
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Kitchener
- Listing Brokerage
- RE/MAX REAL ESTATE CENTRE INC.
End Unit feels like Semi, Finished Walkout Basement and Ravine Lot, Welcome to 498 Bankside Drive an impeccably renovated 3+1 bedroom corner townhouse that masterfully combines modern elegance with functional living. This home boasts a host of luxurious upgrades, including brand-new appliances, a state-of-the-art AC system, and energy-efficient windows backed by a 25-year warranty, ensuring unparalleled comfort and peace of mind. The fully finished walk-out basement, featuring a separate entrance, offers endless possibilities from additional living space to an ideal in-law suite. Inside, you'll be captivated by the expansive, freshly updated interior that effortlessly flows from room to room, each bathed in natural light thanks to the home's corner lot position. The private backyard oasis is perfect for both relaxation and entertaining, and the thoughtfully designed storage shed is ideal for all your tools and outdoor essentials. Nestled in the highly coveted Beechwood Forest neighborhood, this home enjoys the added benefit of backing onto serene greenspace with no rear neighbors. Experience the tranquility and privacy, while still being just minutes from top-rated schools, parks, shopping, and convenient access to Hwy 401 for easy commuting. With every detail meticulously designed, this move-in-ready gem is a rare find. Seize the opportunity to call this exceptional home yours schedule your private tour today!
Estimate your monthly payments for this property
Estimated Payment
$3,842.76/mo
Includes CMHC insurance ($20,897)
5-yr fixed avg.
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.
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
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.
498 BANKSIDE Drive, Kitchener
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Monthly Cash Flow Breakdown
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's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $681/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 36 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Kitchener. Good resale value as demand remains consistent.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $3,121 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.