55 Rex Drive, Kitchener, ON
Property no longer active
This property was sold on October 25, 2024. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Kitchener. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $550,000 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 1 Bathroom
- Generous living space spanning 700-1100 sqft on a premium 40.08 x 107 ft lot
- Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Water Heater Owned, Water Softener
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to 55 Rex Drive! This absolutely beautiful, well-maintained brick bungalow is located in the tranquility of Forest Hill, within walking distance to parks, restaurants, St. Mary's Hospital and with easy access to the Expressway. This 2-bedroom bungalow is full of natural light with three entrances to the home. Set back from the street, the main entrance opens to a lovely living room, with an opening to the eat-in kitchen with stainless steel appliances, quartz countertops and laminate flooring throughout. From the kitchen, walk out to a large, two-tier deck, with stairs to the fully-fenced backyard retreat that is perfect for family gatherings or your private morning coffee. The side entrance from the kitchen offers access to the rear of the home, through the private gate or the front walkway. The two bedrooms are spacious and bright, with the bathroom completing this level. The lower level offers a finished family room with an insulated cold room, and many options for storage and access to the home from the garage. There is potential to add an additional bathroom on this level. Additions to the home include gutters, soffits and fascia (2024); lower-level laminated flooring, wainscotting and trim (2024); sump pump (2024), driveway (2022); retaining walls (2021); deck and gate (2021); hot-water heater, owned (2021); water softener, owned (2019); roof (2016). Book your showing today this beautiful home could be yours!
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Property Summary
This detached home located at 55 Rex Drive, Kitchener is currently for sale and has been available on SousaSells for 660 days. This property is listed at $550,000 with an estimated mortgage of $1,831* per month. It has 2 beds, 1 bathroom, and is 700-1100 square feet. 55 Rex Drive, Kitchener
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Kitchener.
- •2 spacious bedroom layout offering versatile living space
- •1 well-appointed bathroom
- •700-1100 sqft of generous functional square footage
First-time home buyers, professionals, or investors seeking value.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Place Of Worship
- Park
- Public Transit
- School
- Hospital
Interior Features
- Water Heater Owned
- Water Softener
Security Features
- Carbon Monoxide Detectors
- Smoke Detector
Community Features
None listed
Frequently Asked Questions about 55 Rex Drive, Kitchener, ON
Q.What is the asking price for 55 Rex Drive, Kitchener, ON ?
The current listing price for 55 Rex Drive, Kitchener, ON in Kitchener is $550,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 2 bedrooms and 1 bathroom across approximately 700-1100 sqft.
Q.What property type and architectural style is 55 Rex Drive, Kitchener, ON ?
55 Rex Drive, Kitchener, ON is a Detached (Bungalow) featuring a Finished basement.
Q.What key property features does 55 Rex Drive, Kitchener, ON offer?
Key property features include: Place Of Worship, Park, Public Transit, School, Hospital.
Q.What interior features are included in this home?
Interior highlights include: Water Heater Owned, Water Softener.
Q.What security features are installed at 55 Rex Drive, Kitchener, ON ?
Security features include: Carbon Monoxide Detectors, Smoke Detector.
Q.Is parking available at this property?
Yes, this property offers parking space for 3.0 vehicles (Attached).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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Pricing & Value Insights
Data-driven valuation for 55 Rex Drive, Kitchener, ON N2M 4A1
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Kitchener, ON
For a property listed at $550,000 in Kitchener, the legal minimum down payment is $30,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $7,475 for this transaction. As this listing is in Kitchener (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $7,475.
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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.