40 Palace Street, Kitchener, ON

$2,200
MLS#:X13086730
2 beds
3 baths
1000-1199 sqft
1.0 parking
Residential Condo & Other
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Description

Property Highlights

Welcome to this remarkable ["2-Storey"] condo townhouse located in the coveted neighborhood of Kitchener. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $2,200 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 2 Bedrooms and 3 Bathrooms
  • Generous living space spanning 1000-1199 sqft
  • Features a ["none"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 1.0 total parking spaces available
  • Notable attributes: Water Softener, Water Heater
  • equipped with ["central air"] central cooling and highly efficient forced air heating via gas

Welcome to the Marble upper level unit, one of the most spacious and sought-after floor plans in Kitchener's vibrant Parkside community. This expansive two-storey condominium townhome offers a significant footprint of 1,130 square feet, providing a level of comfort and flow that truly sets it apart. The thoughtfully designed layout features two large bedrooms and 2.5 bathrooms, ensuring maximum privacy for residents and a convenient powder room for guests. The heart of the home is a bright, open-concept living and dining area that transitions seamlessly into a modern kitchen equipped with soft-close cabinetry, with functional counter space, and durable laminate flooring throughout. Large windows flood the entire residence with natural light, while a private balcony offers a quiet outdoor retreat. For added peace of mind and convenience, this home includes a dedicated parking spot (#76) located just steps from the entrance. The surrounding neighborhood offers an unparalleled lifestyle balance, perfectly positioned between the natural beauty of McLennan Park and Elmsdale Park. Residents can enjoy immediate access to extensive trail networks, splash pads, and off-leash dog parks right in their backyard. The location is a commuter's dream, situated just two minutes from HWY 7/8 with public transit stops conveniently located at the doorstep. Beyond the green space, the urban amenities of the Laurentian Power Centre are only a five-minute walk away, providing easy access to Zehrs, Lowe's, various healthcare services, and a diverse range of dining and retail options. This Marble unit represents a rare opportunity to enjoy a larger, premium layout within a community that connects you to everything Kitchener.

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Key Features

Bedrooms
2
Bathrooms
3
Kitchens
1
Living Area
1000-1199 sqft
Property Type
Residential Condo & Other

Additional Details

StatusActive
Listed Date5/5/2026
Transaction TypeFor Lease

Property Details

Property Sub-TypeCondo Townhouse
ConstructionBrick, Vinyl Siding
CountyWaterloo

Parking & Garage

Parking Spaces1.0
Garage Spaces1
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["Central Air"]

Features

Property Features

School, Public Transit

Community Features

Location

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40 Palace Street, Kitchener, ON

City & Neighborhood Guide

Comprehensive neighborhood overview, demographics, and school rankings for Kitchener.

Verified Local Data
Population575,847
Median Age38 Yrs
Ownership65% Owners
Avg Area List Price$679,665

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
45%
Couples without children
28%
Other households
3%

Top Ethnic Origins

English18%
German17%
Scottish15%
Irish15%

Local Schools Guide

Elementary Schools

Our Lady of Grace
Public70 Gracefield Crescent, Alpine, Kitchener, Ontario, N2E 1R9
7.3
Alpine
Public75 Lucerne Drive, Alpine, Kitchener, Ontario, N2E 1B4
5.8
Queen Elizabeth
Public191 Hoffman Street, Southdale, Kitchener, Ontario, N2M 3N2
4.0
A R Kaufman
PublicCarwood Avenue, Rockway, Kitchener, Ontario, N2G 3C5
2.0
Country Hills
Public195 Country Hill Drive, Country Hills, Kitchener, Ontario, N2E 2G7
4.4

Secondary Schools

St. Mary’s
Catholic1500 Block Line Road, Kitchener, Ontario, N2C 2S2
6.1
Eastwood
Public760 Weber Street East, Eastwood, Kitchener, Ontario, N2H 1H6
5.8

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 40 Palace Street K5, Kitchener, ON N2E 0L2

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$1,760
Monthly Mortgage$10
Property Tax (Est.)$0
Utilities & Maint.$350
Total Monthly Cost$360

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Kitchener.

Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.