$389,900 - 5 Wellington Street Unit 202, Kitchener
Condo for Sale in Kitchener
- MLS Number
- X13214814
- Property Type
- Condo
- Status
- active
- Days on Site
- 21
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- Kitchener
- Locker
- Exclusive
- Exposure
- North
- Balcony
- Terrace
- Listing Brokerage
- iCloud Realty Ltd.
Welcome to Unit 202 at 5 Wellington Street South, an incredible 565 sq. ft with including Large outdoor Terrace . condo perfectly situated in Kitchener's vibrant Innovation District. Step inside this stunning, carpet-free space and immediately feel the grandeur of soaring 11-foot ceilings that flood the unit with natural light.The absolute highlight? You are situated directly on the premium amenity level! Walk right out your door to world-class facilities including a state-of-the-art gym, sauna, billiards room, bowling alley, and an outdoor common area equipped with a cabana and BBQs.Located right on King Street, you have instant access to the LRT, and you are just steps from the KW (Grand River) Hospital, the GO Train station, and minutes from the University of Waterloo. High-speed internet is included in your maintenance fees. Complete with 1 dedicated parking space and 1 locker. Ideal for young professionals, healthcare workers, or savvy investors!
Estimate your monthly payments for this property
Estimated Payment
$2,000.39/mo
Includes CMHC insurance ($10,878)
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.
5 Wellington Street Unit 202, 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 $780/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 21 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 500 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.