$995,000 - 1 Victoria Street Unit 1903, Kitchener
Condo for Sale in Kitchener
38 days on market- MLS Number
- X13574158
- Property Type
- Condo
- Status
- active
- Days on Site
- 38
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Kitchener
- Locker
- Owned
- Exposure
- South
- Balcony
- Terrace
- Listing Brokerage
- CORCORAN HORIZON REALTY
Welcome to Penthouse Suite 1903 - a 3-bedroom plus den, 2-bathroom penthouse with panoramic views of Victoria Park. At 2,249 square feet of interior living plus a 167-square-foot private terrace with a natural gas line, this is one of the largest and most elevated homes in Downtown Kitchener. The south-facing views reach across the city skyline and beyond - and on the terrace, at any hour, the views captivate. As soon as you walk into your front door you notice the open concept and panoramic views directly ahead! The suite is finished to a standard that reflects its position. Hand-scraped engineered hardwood floors run throughout. Ceilings rise to10 feet. Hunter Douglas smart blinds, Ecobee smart thermostats, and smart switches throughout. The chef's kitchen anchors the main living space with stainless steel appliances, an oversized island, crisp white cabinetry, and a reverse osmosis water filter system. The primary bedroom is a suite unto itself: two large walk-in closets and a five-piece ensuite with double vanity, a separate soaking tub, and a walk-in shower finished with river rock floors. Two additional bedrooms, a versatile den, and a second full bath complete a floor plan that lives more like a house than a condominium. Underground, two large reserved parking spaces - one already wired and ready for an EV charger - plus a spacious locker. Just steps from the ION LRT, GO Transit, Google, the School of Pharmacy, and Communitech. The Regional Transit Hub, currently under construction immediately adjacent to the building, completes by 2031 - integrating GO, ION, and intercity service into a single node one building away. The buyer who purchases Suite 1903today owns the top of the most connected address in the city's near future.
Estimate your monthly payments for this property
Estimated Payment
$5,104.87/mo
Includes CMHC insurance ($27,761)
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.
1 Victoria Street Unit 1903, 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 $498/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.
Market Position
At 38 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
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 $4,146 (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.