$557,939 - 8 Oat Lane, Kitchener
Condo for Sale in Kitchener
56 days on market- MLS Number
- X13042500
- Property Type
- Condo
- Status
- active
- Days on Site
- 56
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 1,200 sqft
- Neighbourhood
- Kitchener
- Locker
- None
- Exposure
- South
- Balcony
- Terrace
- Listing Brokerage
- RE/MAX TWIN CITY REALTY INC.
Welcome to 8 Oat Lane, Kitchener: an exceptional opportunity to own this beautiful home for only $514,990 after rebate! Presenting the stunning Turquoise Floor Plan built by Fusion Homes, offering approximately 1,200 sq. ft. of thoughtfully designed living space that perfectly blends modern elegance with everyday functionality. This stylish 2-bedroom, 2.5-bathroom home is ideal for first-time buyers, growing families, or investors looking for a turnkey property in a thriving community. Step inside and be greeted by a bright and spacious layout designed for comfortable living and effortless entertaining. The main living area flows seamlessly into a contemporary kitchen featuring sleek quartz countertops throughout, soft-close cabinetry, and a premium 6-piece stainless steel electric appliance package. Every detail has been carefully curated to deliver both style and convenience. The upgraded tile staircase from the ground floor to the main level adds a touch of sophistication, setting the tone for the quality finishes found throughout the home. Upstairs, you'll find two generously sized bedrooms, each designed with comfort in mind. The primary bedroom features its own private ensuite, while an additional full bathroom and convenient powder room enhance functionality for family and guests. Additional features include a water softener, air conditioner, and an efficient air handling unit for year-round comfort. The hot water tank is a rental through Reliance Home Comfort at $50/month. The exterior showcases a timeless combination of brick and vinyl, offering durability along with attractive curb appeal. This home also includes one dedicated parking stall. With a flexible closing timeline of 60-120 days, this is a fantastic opportunity to secure a modern, well-appointed home that checks all the boxes. Don't miss your chance to make 8 Oat Lane your new address!
Estimate your monthly payments for this property
Estimated Payment
$2,862.52/mo
Includes CMHC insurance ($15,566)
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.
8 Oat Lane, 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 $465/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 56 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.
Bathroom Count Matters
With 3 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 $2,325 (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.