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Home Affordability

Hidden Gems for Sale in Kitchener Under $500,000

Daniel Crook by Daniel Crook
July 4, 2022
in Affordability, Canada, Listings, Ontario
Reading Time: 17 mins read
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Just west of Toronto, Kitchener is a growing city with lots to offer its residents. Part of Waterloo Region alongside Cambridge, the city has seen massive growth over the past two years. Close to post-secondary institutions, tech companies, and the Grand River, Kitchener is a great location for singles and families. The average home price is currently $845,000 in Kitchener, but there are also more affordable options currently available for under $500,000.

  • Read: Summer Market Forecast: Inventories are Rebuilding and Prices are Softening

Prospective buyers should conduct further research and pricing analysis for the homes and neighbourhoods that match their financial circumstances and lifestyle needs to guide their individual decisions. The content is not intended to solicit buyers or sellers currently under contract with a brokerage.

Tips for Buying a Home in Kitchener

Home prices have seen a dip across the country in the last few months, and Kitchener is no exception. There is still potential for fierce competition when buying, and there are strategies that successful buyers can use to secure their first property on the ladder. 

The first, and arguably the most important step, is selecting the right agent to represent you. Your agent should do much more than finding and showing you properties. The best agent for any buyer is one who understands the unique complexities of your neighbourhood’s market. They can inform you of the best negotiation practices and offer strategies that will help you come out on top in a bidding war. They’ll also be a helpful resource for connecting you to the right professionals, like mortgage brokers, movers, and lawyers, that will make your purchasing experience more seamless. This team of professionals will be invaluable for you when it comes to financing your purchase and can even help you navigate first-time buyer incentives. 

Understanding the stages of buying is another thing prospective buyers can do to set themselves up for success. There are a lot of moving parts when it comes to buying a home, so it’s a good idea to get familiar with the different stages of buying a property before you get started. For a more in-depth guide on how to purchase a property from start to finish, you can download our Home Buyer’s Guide here.

  1. 119 Cedar Street South, Unit 4 – $324,900

Property details:

  • 2 bed, 1 bath, 1 parking
  • Condo apartment
  • Walking score 67/Transit score 62

This well maintained condo has high end finishes and upgrades throughout. It comes with modern cabinetry, stainless steel appliances, stone countertops and new flooring. It has also recently been fitted with an in suite laundry.

View the listing here.

2. 106 – 76 Sydney Street South – $449,900

Property details:

  • 1 bed, 1 bath, 1 parking
  • Condo apartment
  • Walking score 62/Transit score 58

This condo features a large bedroom with in suite laundry and pantry/storage cupboards, as well as an open concept kitchen and living areas with hard surface flooring.

View the listing here.

3. 10 – 648 Doon Village Road – $449,900

Property details:

  • 3 bed, 2 bath, 2 parking
  • Condo townhouse
  • Walking score 50/Transit score 42

This modern townhouse is built in a family friendly neighbourhood in Doon, complete with three bedrooms, two bathrooms and a large dining room with a sliding door leading out to the big private fenced yard.

View the listing here.

4. 308 – 5 Wake Robin Drive – $475,000

Property details:

  • 1 bed, 1 bath, 2 parking
  • Condo apartment
  • Walking score 43/Transit score 48

Built in 2020, this condo has an open concept design, nine foot ceilings, laminate flooring, a kitchen with stainless steel appliances, crown moulding and high-end quartz countertops, as well as its own balcony.

View the listing here.

5. 512 – 690 King Street West – $489,000

Property details:

  • 1 bed, 1 bath, 0 parking
  • Condo apartment
  • Walking score 81/Transit score 61

This condo comes with modern finishes including nine foot ceilings, quartz countertops, stainless steel appliances and an island in the kitchen.

View the listing here.

6. 8d – 50 Howe Drive – $489,000

  • 1 bed, 1 bath, 1 parking
  • Condo apartment
  • Walking score 60/Transit score 49

This low maintenance condo features a dining room and kitchen just off from the living room with a breakfast bar. Additionally it comes with a large, four-piece bedroom.

View the listing here.

7. 113 – 15 Prince Albert Boulevard – $499,000

Property details:

  • 2 bed, 2 bath, 1 parking
  • Condo apartment
  • Walking score 63/ Transit score 75

This open concept condo has floor-to-ceiling windows, stainless steel appliances and quartz countertops in the kitchen, and access to its own, large private balcony from the living area.

View the listing here.

8. 513 – 399 Queen Street South – $499,900

Property details:

  • 1 bed, 1 bath, 1 parking
  • Condo apartment
  • Walking score 67/Transit score 60

Featuring an open concept floor plan, this condo also has modern tile floor in the kitchen, quartz countertops, pendant lighting and stainless steel appliances. The apartment also comes with an appliance and tech package including a nest thermostat.

View the listing here.

9. 45 Cedarhill Crescent Unit 13b – $499,900

Property details:

  1. 2 bed, 1 bath, 1 parking
  2. Townhouse
  3. Walking score 41/Transit score 47

This home has new laminate flooring and a lick of fresh paint, as well as an open concept kitchen with a breakfast bar. Additionally, there’s a balcony, a den in the back and two large bedrooms.

View the listing here.

10. 30 – 11 Grand River Boulevard – $499,900

Property details:

  • 3 bed, 2 bath, 1 parking
  • Condo townhouse
  • Walking score 28/Transit score 42

This townhouse is located in the Chicopee Area, and comes with new laminate flooring, three bedrooms and a four piece bathroom, and a fully finished recreation room with another two-piece bath included.

View the listing here.

If you’re looking to get into the market this summer to find your dream home, download our free buyer’s guide or contact a Zoocasa agent today.

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Daniel Crook

Daniel Crook

Daniel Crook is a Content Marketing Specialist at Zoocasa. Daniel’s insights provide home buyers and sellers with knowledge of local and national markets to aid them in their real estate pursuits. Daniel covers a multitude of topics, ranging from mortgages to local market trends, as well as data-driven reports uncovering national trends. His work has been featured in outlets such as BNN Bloomberg, CTV News, the National Post and the Globe and Mail. You can find all his latest insights on the Zoocasa blog.

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