$734,800 - 124 Prosperity Drive, Kitchener
Detached for Sale in Kitchener
New — Listed 2 days ago- MLS Number
- X13699914
- Property Type
- Detached
- Status
- active
- Days on Site
- 2
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Kitchener
- Listing Brokerage
- RE/MAX ICON REALTY
There's a lot to love about 124 Prosperity Drive! This inviting 3-bedroom, 3-bathroom home offers comfortable living space inside and out, with thoughtful updates and features that make everyday life easy. The main floor is bright and welcoming, featuring hardwood flooring, a spacious living and dining area, and a well-designed kitchen with plenty of cabinetry, counter space and updated lighting. Upstairs, the generous primary bedroom includes a walk-in closet, complemented by two additional bedrooms and an updated full bathroom. The finished basement provides valuable extra living space-ideal for movie nights, a playroom, home office or workout area. Outside is where this home really stands out. Step onto the elevated deck overlooking a fully fenced, low-maintenance backyard designed for relaxing and entertaining. Enjoy the four-season swim spa, pergola with pull- close sunshades, garden area, fountain, rain barrels and an impressive large storage shed. A cement double driveway, attached garage and energy-efficient solar panels add even more practicality. Notable updates include the roof (2019) and windows (2020 & 2022), along with reverse osmosis and under-cabinet kitchen lighting. Conveniently located close to schools, parks, shopping, restaurants and highway access, 124 Prosperity Drive offers space, comfort and outdoor living all in one. Come take a look and see how much this home has to offer.
Estimate your monthly payments for this property
Estimated Payment
$3,769.90/mo
Includes CMHC insurance ($20,501)
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.
124 Prosperity Drive, 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 $668/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Kitchener's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Detached Home Advantages
Detached homes in Kitchener are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
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.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $3,062 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.