55 Southwood Drive, Kitchener, ON
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 $679,900 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.
- 3 Bedrooms and 2 Bathrooms
- Generous living space spanning 700-1100 sqft on a premium 45.03 x 112 ft lot
- Features a finished with walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Primary Bedroom - Main Floor
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
A Rare Find !.... Proudly owned and lovingly maintained by the same family for 35 years, this charming 3+1 bedroom, 2 full bathroom, all-brickbungalow is located in a family-friendly neighbourhood and ready for its next chapter.......Featuring a bright and functional layout, generousprincipal rooms, and a well-appointed kitchen with a large centre island, this home is perfect for everyday living and entertaining....... The fullyfinished walk-out basement offers additional living space, a separate side entrance (in-law potential) and includes a spacious recreation roomand a fourth bedroom......Step outside to enjoy the screened-in patio, mature backyard, and powered garden shed, ideal for hobbies, storage, orgardening. The concrete driveway and covered carport offer lots of parking and provide added convenience and curb appeal..... Ideally locatedclose to schools, shopping, parks, and highway access, this well-cared-for home offers comfort, convenience, and endless potential.... This homeis ready for a new family to make its own memories.**INTERBOARD LISTING: CORNERSTONE ASSOCIATION OF REALTORS**
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Pricing & Value Insights
Data-driven valuation for 55 Southwood Drive, Kitchener, ON N2E 2E6
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About Purchasing a Home in Kitchener, ON
For a property listed at $679,900 in Kitchener, the legal minimum down payment is $42,990 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 $10,073 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 $10,073.
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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.