$799,000 - 16 Monterey Road, Kitchener
Detached for Sale in Kitchener
- MLS Number
- X13635314
- Property Type
- Detached
- Status
- active
- Days on Site
- 19
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Kitchener
- Listing Brokerage
- RE/MAX GOLD REALTY INC.
Rare opportunity to own a detached family home with a private in-ground pool in one of Kitchener's most desirable neighbourhoods! Welcome to 16 Monterey Road, a beautifully maintained Back split detached home situated on a premium 55' x 110' lot in the sought-after Rosemount Heritage Park community. Offering approximately 1,938 sq. ft. of finished living space (1,573 sq. ft. above grade plus approximately 365 sq. ft. in the finished lower level),this home features 3 generously sized bedrooms, 1.5 bathrooms, and a functional split-level layout with minimal stairs, providing comfort and privacy for the whole family. The spacious living room is highlighted by a cozy fireplace, while the separate dining room and dedicated Art Room offer additional living space that can be enjoyed and personalized to suit your family's lifestyle. The upgraded kitchen showcases quartz countertops, a stylish backsplash, upgraded appliances, and ample cabinetry, complemented by modern luxury vinyl flooring throughout. The bright lower level features large windows that flood the space with natural light, a spacious recreation room complete with a home bar and pool table, lower-level laundry, and patio doors leading directly to your private backyard oasis. Enjoy endless summer days in your in-ground swimming pool and relax on the patio-an ideal setting for entertaining family and friends. Additional highlights include a water softener, side entrance with direct access to the double-car garage, a double driveway with parking for 6 vehicles, and close proximity to schools, parks, shopping, public transit, and all major amenities. Move in and make this exceptional home your own, with spaces ready to adapt to your family's unique needs and lifestyle.
Estimate your monthly payments for this property
Estimated Payment
$4,099.28/mo
Includes CMHC insurance ($22,292)
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.
16 Monterey Road, 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 $533/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 19 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.
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.
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 $3,329 (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.