404 King Street Unit 405, Kitchener

Price: $268,000

1 bedrooms, 1 bathrooms

500 sqft

Property Type: Condo

MLS#: X13589086

Experience authentic loft living at the iconic Kaufman Lofts, one of downtown Kitchener's most sought-after warehouse conversions. Designed by renowned architect Albert Kahn, this landmark building blends historic industrial character with modern urban living in the heart of the Innovation District. This stylish one-bedroom, one-bathroom loft showcases everything loft enthusiasts love, including soaring 14-foot exposed ceilings, polished concrete floors, oversized factory windows that flood the space with natural light, and an open-concept layout full of character and charm. Plus enjoy the convenience of in-suite laundry and one owned parking space! Step outside and immerse yourself in one of the region's most vibrant neighbourhoods. With the ION LRT right at your doorstep, you'll enjoy effortless access to downtown Kitchener, Victoria Park, Google, local tech companies, boutique shops, cafés, restaurants, festivals, entertainment, and major commuter routes. Residents also enjoy exceptional amenities, including a stunning rooftop terrace featuring a gas BBQ and fire table-an ideal space to relax, entertain, and take in the city skyline. Whether you're a professional seeking an exciting urban lifestyle, a downsizer looking for a low-maintenance home with personality, an investor, or someone hoping to leave the GTA without compromising on convenience or culture, this distinctive Kaufman Loft offers the perfect blend of history, style, and location.

404 King Street Unit 405 - Condo photo 1 of 13 in Kitchener, Ontario
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$268,000 - 404 King Street Unit 405, Kitchener

Condo for Sale in Kitchener

78 days on market
1Beds
1Baths
500Sq Ft
Condo

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Property Details
MLS Number
X13589086
Property Type
Condo
Status
active
Days on Site
78
Bedrooms
1
Bathrooms
1
Square Feet
500 sqft
Neighbourhood
Kitchener
Taxes (2025)
$2,754
Maintenance Fees
$628/mo
Locker
Owned
Exposure
East
Balcony
None
Listing Brokerage
RE/MAX TWIN CITY REALTY INC.
Description

Experience authentic loft living at the iconic Kaufman Lofts, one of downtown Kitchener's most sought-after warehouse conversions. Designed by renowned architect Albert Kahn, this landmark building blends historic industrial character with modern urban living in the heart of the Innovation District. This stylish one-bedroom, one-bathroom loft showcases everything loft enthusiasts love, including soaring 14-foot exposed ceilings, polished concrete floors, oversized factory windows that flood the space with natural light, and an open-concept layout full of character and charm. Plus enjoy the convenience of in-suite laundry and one owned parking space! Step outside and immerse yourself in one of the region's most vibrant neighbourhoods. With the ION LRT right at your doorstep, you'll enjoy effortless access to downtown Kitchener, Victoria Park, Google, local tech companies, boutique shops, cafés, restaurants, festivals, entertainment, and major commuter routes. Residents also enjoy exceptional amenities, including a stunning rooftop terrace featuring a gas BBQ and fire table-an ideal space to relax, entertain, and take in the city skyline. Whether you're a professional seeking an exciting urban lifestyle, a downsizer looking for a low-maintenance home with personality, an investor, or someone hoping to leave the GTA without compromising on convenience or culture, this distinctive Kaufman Loft offers the perfect blend of history, style, and location.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,374.98/mo

Includes CMHC insurance ($7,477)

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5-yr fixed avg.

Principal: $241,200Interest: $163,816
Mortgage Amount$248,677
Total Interest$163,816
Est. Property Tax$190/mo
Total Cost$412,494

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

404 King Street Unit 405, 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)
4.1%
Good

Monthly Cash Flow Breakdown

Rental Income+$1,800
Maintenance Fees-$628
Property Tax (est.)-$190
Insurance (est.)-$56
Net Cash Flow+$926

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 $536/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.

Negotiation Opportunity

At 78 days on site, this property has exceeded the typical selling timeline for Kitchener. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.

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 $628/month fees should cover building insurance, common elements, and reserve contributions.

Efficient Living

At 500 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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    404 King Street Unit 405, Kitchener | $268,000 | Battaglia Team