60 Elmsdale Drive Unit 36, Kitchener

Price: $299,800

3 bedrooms, 2 bathrooms

1,600 sqft

Property Type: Condo

MLS#: X12993480

Your new home or investment opportunity awaits in this beautiful Laurentian Hills community! This 3-storey townhouse offers an ideal opportunity for first-time buyers or investors. Currently tenanted and well-maintained, the home features a functional layout with over 1,600 square feet of finished above-grade living space and no basement. The main level includes a family room or flexible home office with a walk-out to the rear yard and amenities. The second level features a powder room, a cozy living room combined with dining, and an open-concept kitchen-all with large windows and ample natural light overlooking the backyard and the amenities, perfect for watching the kids play. The upper level features three spacious, bright bedrooms with ample natural light and ceiling fans, along with a 4-piece bathroom. The home also features a built-in garage and a private driveway. Residents enjoy access to community amenities including an outdoor pool, a children's playground, and a basketball court, with visitor parking available on-site. This home is perfectly situated for commuters with quick access to the Conestoga Parkway, Highway 8, and the 401. It is also within walking distance to the trails and recreation at McLennan Park, Elmsdale Park, Chandler Mowat Community Centre, and is just minutes away from major shopping at Sunrise Shopping Centre, Laurentian Power Centre & more.

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$299,800 - 60 Elmsdale Drive Unit 36, Kitchener

Condo for Sale in Kitchener

64 days on market
3Beds
2Baths
1,600Sq Ft
Condo
Property Details
MLS Number
X12993480
Property Type
Condo
Status
active
Days on Site
64
Bedrooms
3
Bathrooms
2
Square Feet
1,600 sqft
Neighbourhood
Kitchener
Locker
None
Exposure
South
Balcony
None
Listing Brokerage
EXP REALTY
Description

Your new home or investment opportunity awaits in this beautiful Laurentian Hills community! This 3-storey townhouse offers an ideal opportunity for first-time buyers or investors. Currently tenanted and well-maintained, the home features a functional layout with over 1,600 square feet of finished above-grade living space and no basement. The main level includes a family room or flexible home office with a walk-out to the rear yard and amenities. The second level features a powder room, a cozy living room combined with dining, and an open-concept kitchen-all with large windows and ample natural light overlooking the backyard and the amenities, perfect for watching the kids play. The upper level features three spacious, bright bedrooms with ample natural light and ceiling fans, along with a 4-piece bathroom. The home also features a built-in garage and a private driveway. Residents enjoy access to community amenities including an outdoor pool, a children's playground, and a basketball court, with visitor parking available on-site. This home is perfectly situated for commuters with quick access to the Conestoga Parkway, Highway 8, and the 401. It is also within walking distance to the trails and recreation at McLennan Park, Elmsdale Park, Chandler Mowat Community Centre, and is just minutes away from major shopping at Sunrise Shopping Centre, Laurentian Power Centre & more.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,538.13/mo

Includes CMHC insurance ($8,364)

$
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5-yr fixed avg.

Principal: $269,820Interest: $183,254
Mortgage Amount$278,184
Total Interest$183,254
Est. Property Tax$212/mo
Total Cost$461,439

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

60 Elmsdale Drive Unit 36, Kitchener

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,240/mo
Range: $2,754 - $3,726
Cap Rate (ROI)
7.7%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$3,240
Maintenance Fees-$1,040
Property Tax (est.)-$212
Insurance (est.)-$62
Net Cash Flow+$1,926

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 $187/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 64 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.

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.

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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    60 Elmsdale Drive Unit 36, Kitchener | $299,800 | Battaglia Team