$999,700 - 25 Thornridge Crescent, Kitchener
Detached for Sale in Kitchener
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- MLS Number
- X13794290
- Property Type
- Detached
- Status
- active
- Days on Site
- 21
- Bedrooms
- 7
- Bathrooms
- 4
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Kitchener
- Taxes (2025)
- $5,712
- Listing Brokerage
- HOMELIFE/MIRACLE REALTY LTD
Spacious High-Raised Bungalow with Legal 3-Bedroom Walk-Out Basement Apartment!4Bedrooms 2 Bathrooms Upstairs | 3 Bedrooms 2 Bathrooms Legal Basement |63 x 115' Lot |6-Car Parking Welcome to this exceptional high-raised bungalow in Kitchener, situated on an impressive 63-foot wide by 115-foot deep lot with parking for up to 6 cars.The main level offers 4 spacious bedrooms and 2 full bathrooms, along with both a comfortable living room and separate family room, providing plenty of space for everyday family living and entertaining.A major highlight of this property is the legal 3-bedroom, 2-bathroom walk-out basement apartment. With its own walk-out access and spacious layout, the lower level is ideal for extended family, multi-generational living, or generating rental income.Property Highlights4 bedrooms on the main level2 full bathrooms on the main level Spacious living room Separate family room Legal 3-bedroom, 2-bathroom basement apartmentWalk-out basement with excellent natural light Separate living space ideal for rental income or extended family63' x 115' lot Parking for 6 vehicles High-raised bungalow design Excellent opportunity for homeowners and investors Great potential for multi-generational living A rare combination of a large lot, generous parking, spacious main-floor living, and a legal walk-out basement apartment. Live comfortably upstairs while the legal basement provides additional income potential-or enjoy the entire property as a fantastic multi-generational home.Don't miss this outstanding Kitchener opportunity! Book your private showing today.
Estimate your monthly payments for this property
Estimated Payment
$5,128.98/mo
Includes CMHC insurance ($27,892)
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.
25 Thornridge Crescent, 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
Fair Market Value
At $909/sqft, this property is priced in line with current Kitchener market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 21 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.
Excellent Flexibility
With 7 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Kitchener.
Bathroom Count Matters
With 4 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 $4,165 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.