$524,900 - 74 Wheat Lane Unit 37, Kitchener
Condo for Sale in Kitchener
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- MLS Number
- X13830740
- Property Type
- Condo
- Status
- active
- Days on Site
- 12
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Kitchener
- Taxes (2025)
- $3,595
- Maintenance Fees
- $377/mo
- Locker
- None
- Exposure
- North
- Balcony
- Enclosed
- Listing Brokerage
- RE/MAX REAL ESTATE CENTRE INC.
Welcome to 74 Wheat Lane, Kitchener! This beautiful ground-floor end unit offers 3 spacious bedrooms and 2 bathrooms in the highly sought-after Huron area. With no rear neighbors and a park within walking distance, this well-maintained bungalow offers a peaceful setting with exceptional convenience. The bright, open-concept layout is filled with natural light and features a spacious living room flowing seamlessly into the modern kitchen, complete with stainless steel appliances and a large adjoining breakfast flush quartz countertop, perfect for everyday living and entertaining. Three generously sized bedrooms provide comfortable space for family and guests. Enjoy the convenience of in-suite laundry, air conditioning, a water softener, and a tankless water heater for year-round comfort. Located in the friendly Huron Park neighborhood, this home is close to new public and Catholic schools, RBJ Schlegel Park, parks, trails, creeks, public transit, shopping, and everyday amenities. With easy access to Highways 7/8 and the 401, it is an excellent choice for families and commuters alike. Don't miss the opportunity to make this charming home your own. Book your personal tour today!
Estimate your monthly payments for this property
Estimated Payment
$2,693.01/mo
Includes CMHC insurance ($14,645)
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.
74 Wheat Lane Unit 37, 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 $525/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. The $377/month fees should cover building insurance, common elements, and reserve contributions.
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 $2,187 (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.