121 Morgan Avenue Unit 7, Kitchener

Price: $499,500

3 bedrooms, 2 bathrooms

1,200 sqft

Property Type: Condo

MLS#: X13492390

Rare Opportunity: Gorgeous End Unit Townhouse - Steps to Skiing, Schools, and Transit! Great For First-Time Buyers & Buyers Downsizing! Incredible value in this beautifully maintained, carpet-free 3-bedroom, 2-bathroom townhouse located in one of Kitchener's most active and convenient neighborhoods. NEW COMFORT UPGRADE (JUNE 2026): This home now features a brand-new, highly efficient multi-zone heat pump system that provides both premium heating and cooling throughout the house. Professionally installed by Delta Air Systems, this eco-friendly upgrade keeps your utility bills low year-round. Best of all, it comes with a 12-year parts warranty that can be registered directly in the new homeowner's name for complete peace of mind! Combined with the cozy gas fireplaces, this home offers top-tier comfort and efficiency. INTERIOR HIGHLIGHTS: The bright kitchen boasts vinyl floors, a tiled backsplash, stainless steel appliances, and a large window. The open-concept living/dining area features durable laminate floors and walks out to a private, treed back deck with excellent shade. Upstairs, the large primary bedroom includes a walk-in closet. The 2nd bedroom also has a walk-in closet, while the 3rd bedroom features a double closet and a built-in Murphy bed. Enjoy a renovated 4-pc bath with quartz counters and a deep soaker tub. The finished basement offers a massive rec room perfect for a home theater, games area or gym. Also featuring a renovated 2-pc bath, and direct garage entrance.UNBEATABLE LOCATION: Walk to school! Howard Robertson PS is right across the street! Adventure is around the corner at Chicopee Ski & Summer Resort for winter skiing/tubing and summer biking. Minutes to Hwy 8/401, the Fairway LRT station, and CF Fairview Park Mall. Very reasonable condo fees INCLUDE water! Low property taxes and a new 2025 water softener make this turn-key gem an unmatched value.

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$499,500 - 121 Morgan Avenue Unit 7, Kitchener

Condo for Sale in Kitchener

Popular Listing
3Beds
2Baths
1,200Sq Ft
Condo
Property Details
MLS Number
X13492390
Property Type
Condo
Status
active
Days on Site
11
Bedrooms
3
Bathrooms
2
Square Feet
1,200 sqft
Neighbourhood
Kitchener
Locker
None
Exposure
North
Balcony
Open
Listing Brokerage
RE/MAX REALTY ENTERPRISES INC.
Description

Rare Opportunity: Gorgeous End Unit Townhouse - Steps to Skiing, Schools, and Transit! Great For First-Time Buyers & Buyers Downsizing! Incredible value in this beautifully maintained, carpet-free 3-bedroom, 2-bathroom townhouse located in one of Kitchener's most active and convenient neighborhoods. NEW COMFORT UPGRADE (JUNE 2026): This home now features a brand-new, highly efficient multi-zone heat pump system that provides both premium heating and cooling throughout the house. Professionally installed by Delta Air Systems, this eco-friendly upgrade keeps your utility bills low year-round. Best of all, it comes with a 12-year parts warranty that can be registered directly in the new homeowner's name for complete peace of mind! Combined with the cozy gas fireplaces, this home offers top-tier comfort and efficiency. INTERIOR HIGHLIGHTS: The bright kitchen boasts vinyl floors, a tiled backsplash, stainless steel appliances, and a large window. The open-concept living/dining area features durable laminate floors and walks out to a private, treed back deck with excellent shade. Upstairs, the large primary bedroom includes a walk-in closet. The 2nd bedroom also has a walk-in closet, while the 3rd bedroom features a double closet and a built-in Murphy bed. Enjoy a renovated 4-pc bath with quartz counters and a deep soaker tub. The finished basement offers a massive rec room perfect for a home theater, games area or gym. Also featuring a renovated 2-pc bath, and direct garage entrance.UNBEATABLE LOCATION: Walk to school! Howard Robertson PS is right across the street! Adventure is around the corner at Chicopee Ski & Summer Resort for winter skiing/tubing and summer biking. Minutes to Hwy 8/401, the Fairway LRT station, and CF Fairview Park Mall. Very reasonable condo fees INCLUDE water! Low property taxes and a new 2025 water softener make this turn-key gem an unmatched value.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,562.69/mo

Includes CMHC insurance ($13,936)

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5-yr fixed avg.

Principal: $449,550Interest: $305,322
Mortgage Amount$463,486
Total Interest$305,322
Est. Property Tax$354/mo
Total Cost$768,808

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

121 Morgan Avenue Unit 7, Kitchener

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,920/mo
Range: $2,482 - $3,358
Cap Rate (ROI)
4.0%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,920
Maintenance Fees-$780
Property Tax (est.)-$354
Insurance (est.)-$104
Net Cash Flow+$1,682

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 $416/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. 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.

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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    121 Morgan Avenue Unit 7, Kitchener | $499,500 | Battaglia Team