$379,000 - 55 Duke Street Unit 505, Kitchener
Condo for Sale in Kitchener
108 days on market- MLS Number
- X12750172
- Property Type
- Condo
- Status
- active
- Days on Site
- 108
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Kitchener
- Locker
- Owned
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- RE/MAX TWIN CITY REALTY INC.
Elite DTK condo! 505 maximizes utility of the space and achieves a grand feel with the tall ceilings, open concept layout, and unobstructed easterly Kitchener skyline views. This unit sits at the same level as the roof top patio with BBQ access just down the hall. The eat in kitchen with center island, contemporary cabinetry, stainless steel appliances, and quartz countertops is open to the versatile living room space, which sits parallel to the bedroom and both overlook the 204 sq ft private terrace, bringing the total indoor/outdoor size of the unit to 675 sq ft. Click flooring flows throughout the unit. One of the most successfully integrated condo buildings in the downtown core, reconstructing the John Forsyth Shirt Company, Duke Street level façade & capturing the historic landmark while moving the city forward with urban renewal. The building amenities are impressive; a clean and modern lobby with a full-time concierge service, comfortable sitting spaces and open to the ground level state of the art fitness center, complete with heavy bags and exercise bikes surrounded by windows connecting you to the outdoors. Truly unique is your ability to take your fitness journey outside to the 25th floor, roof top running track while you enjoy the stunning 360-degree views. When its time to relax or entertain larger groups, take advantage of the 5th floor, furnished patio and party room, overlooking the Duke Street forecourt. The building also includes car wash station, dog wash station, and artificial turf dog walk. Short walking distance to Victoria park, charming cafés, popular restaurants, boutique shops, and LRT. Downtown Kitchener is changing to become a popular urban center and now is the time to take advantage. Dont miss out
Estimate your monthly payments for this property
Estimated Payment
$1,944.47/mo
Includes CMHC insurance ($10,574)
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.
55 Duke Street Unit 505, 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 $632/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 108 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 600 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.