85 DUKE Street Unit 402, Kitchener

Price: $499,900

2 bedrooms, 2 bathrooms

1,000 sqft

Property Type: Condo

MLS#: X12708454

Welcome to 85 Duke Street West. This well equipped two bedroom, two bathroom condo features quartz countertops, stainless steel appliances (Fridge, stove and dishwasher), floor to ceiling oversized windows overlooking the city scape below, a spacious balcony, and your own locker and underground parking space. Located in the heart of Kitchener's downtown core, everything you could possible want is just steps away including: amazing restaurants, local shops, an LRT stop, The Museum, and just a 5 minute stroll to Victoria park. The building is also full service with wonderful amenities that include a party room, outdoor lounge, concierge, etc. If you're a young professional, first time home buyer, downsizer, or investor, this unit and building have exactly what you need. Book your showing today!!!

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$499,900 - 85 DUKE Street Unit 402, Kitchener

Condo for Sale in Kitchener

108 days on market
2Beds
2Baths
1,000Sq Ft
Condo
Property Details
MLS Number
X12708454
Property Type
Condo
Status
active
Days on Site
108
Bedrooms
2
Bathrooms
2
Square Feet
1,000 sqft
Neighbourhood
Kitchener
Locker
Owned
Exposure
North East
Balcony
Open
Listing Brokerage
RE/MAX TWIN CITY REALTY INC.
Description

Welcome to 85 Duke Street West. This well equipped two bedroom, two bathroom condo features quartz countertops, stainless steel appliances (Fridge, stove and dishwasher), floor to ceiling oversized windows overlooking the city scape below, a spacious balcony, and your own locker and underground parking space. Located in the heart of Kitchener's downtown core, everything you could possible want is just steps away including: amazing restaurants, local shops, an LRT stop, The Museum, and just a 5 minute stroll to Victoria park. The building is also full service with wonderful amenities that include a party room, outdoor lounge, concierge, etc. If you're a young professional, first time home buyer, downsizer, or investor, this unit and building have exactly what you need. Book your showing today!!!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,564.75/mo

Includes CMHC insurance ($13,947)

$
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5-yr fixed avg.

Principal: $449,910Interest: $305,567
Mortgage Amount$463,857
Total Interest$305,567
Est. Property Tax$354/mo
Total Cost$769,424

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

85 DUKE Street Unit 402, Kitchener

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,360/mo
Range: $2,006 - $2,714
Cap Rate (ROI)
3.0%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,360
Maintenance Fees-$650
Property Tax (est.)-$354
Insurance (est.)-$104
Net Cash Flow+$1,252

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 $500/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.

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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    85 DUKE Street Unit 402, Kitchener | $499,900 | Battaglia Team