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1 / 0
New4 days ago

508 - 20 ST GEORGE Street

, Kitchener

$260,000

Condo Apartment |
1 | 1 | 0 | 1
About this home

Welcome to Sandhills Retirement Community (50+), a well-established, smoke-free, not-for-profit community located in Kitchener's desirable Victoria Park Heritage District. Enjoy a welcoming atmosphere, active lifestyle, and convenient access to Victoria Park, churches, shopping, public transit, the ION LRT, Kitchener Market, and downtown amenities. This bright and spacious suite offers 892 sq ft of comfortable living space filled with natural light. The open living and dining area offers ample space to relax or entertain while enjoying peaceful views. The private balcony,with outdoor carpeting, a table, and two chairs. Overlooking the church parking area, surrounding buildings, and mature greenery, it offers a peaceful place to enjoy your morning coffee or unwind at the end of the day. The kitchen features ample cupboard and counter space and includes a fridge, stove, dishwasher, washer, and dryer. A valuable benefit of Sandhills living is that appliances, heating, and air conditioning maintenance and replacement are managed by the community, helping make everyday living worry-free. The spacious primary bedroom offers a comfortable retreat, while the bright den with its own closet provides flexible space for guests, hobbies, or a home office and can easily be converted into a 2ND BEDROOM. The bathroom has been updated with a walk-in shower for easier accessibility, and California shutters throughout add style and privacy. Included with the unit is a storage locker and an owned underground parking space purchased separately by the owner. The parking space is currently rented on a month-to-month basis, offering potential supplemental income or future personal use.Residents enjoy access to a community lounge, library, and a variety of social activities. This Life Lease community offers no land transfer tax or legal closing costs. Please note residences are owner-occupied only, rentals are not permitted, and traditional mortgage financing is generally not available.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Apartment
Style1 Storey/Apt
Approx. Age16-30
Size800-899 sq. ft.
Maintenance Fees$587
LockerExclusive
BalconyOpen
ExposureSouth West
Parking TypeUnderground
Parking Spaces0
Parking FeaturesNone
Property Tax$1,999
mls© NumberX13728462
Listed ByKELLER WILLIAMS INNOVATION REALTY
Water Included
Common Elements Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$1,331
Property tax
$167
Heat allowance
$150
Condo fees, half counted
$293
Housing costs
$1,941 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $52,000
25-yr amortization

Income needed

$60,000

gross annual household income

Payment at 4%
$1,094 / mo
Cash down
$52,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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