1 Victoria Street Unit 509, Kitchener

Price: $309,000

1 bedrooms, 1 bathrooms

600 sqft

Property Type: Condo

MLS#: X13824382

Experience modern urban living in this stunning, open-concept condo located in the highly desirable Victoria Condominiums. Perfect for professionals and students alike, this bright and airy unit is steps from the LRT, Google, Victoria Park, the new transit hub, and downtown Kitchener's vibrant restaurant scene. The unit features floor-to-ceiling windows, a spacious bedroom, a luxurious 4-piece bathroom, and convenient in-suite laundry. The contemporary kitchen boasts top-of-the-line stainless steel appliances and a functional breakfast bar. Premium building amenities include controlled entry security, a beautifully landscaped outdoor terrace, an entertainment room, a fully-equipped gym, and a state-of-the-art theatre room. Situated directly across from the University of Waterloo School of Pharmacy and the McMaster School of Medicine. A rare find for this building, this unit includes its own dedicated parking space.

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$309,000 - 1 Victoria Street Unit 509, Kitchener

Condo for Sale in Kitchener

Popular Listing
1Beds
1Baths
600Sq Ft
Condo

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Property Details
MLS Number
X13824382
Property Type
Condo
Status
active
Days on Site
13
Bedrooms
1
Bathrooms
1
Square Feet
600 sqft
Neighbourhood
Kitchener
Taxes (2025)
$3,120
Maintenance Fees
$562/mo
Locker
Exclusive
Exposure
East
Balcony
None
Listing Brokerage
RE/MAX REALTY SERVICES INC.
Description

Experience modern urban living in this stunning, open-concept condo located in the highly desirable Victoria Condominiums. Perfect for professionals and students alike, this bright and airy unit is steps from the LRT, Google, Victoria Park, the new transit hub, and downtown Kitchener's vibrant restaurant scene. The unit features floor-to-ceiling windows, a spacious bedroom, a luxurious 4-piece bathroom, and convenient in-suite laundry. The contemporary kitchen boasts top-of-the-line stainless steel appliances and a functional breakfast bar. Premium building amenities include controlled entry security, a beautifully landscaped outdoor terrace, an entertainment room, a fully-equipped gym, and a state-of-the-art theatre room. Situated directly across from the University of Waterloo School of Pharmacy and the McMaster School of Medicine. A rare find for this building, this unit includes its own dedicated parking space.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,585.33/mo

Includes CMHC insurance ($8,621)

$
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5-yr fixed avg.

Principal: $278,100Interest: $188,878
Mortgage Amount$286,721
Total Interest$188,878
Est. Property Tax$219/mo
Total Cost$475,599

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

1 Victoria Street Unit 509, Kitchener

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$1,800/mo
Range: $1,530 - $2,070
Cap Rate (ROI)
3.7%
Fair

Monthly Cash Flow Breakdown

Rental Income+$1,800
Maintenance Fees-$562
Property Tax (est.)-$219
Insurance (est.)-$64
Net Cash Flow+$955

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 $515/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.

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. The $562/month fees should cover building insurance, common elements, and reserve contributions.

Efficient Living

At 600 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

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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    1 Victoria Street Unit 509, Kitchener | $309,000 | Battaglia Team