#509-24 Midland Drive offers exceptional living in the heart of Kitchener. This beautifully updated and freshly painted suite features 1,136 sq. ft. of bright, open-concept living with solid floors throughout. At the end of the hall are two spacious bedrooms, each with large closets and oversized windows, along with a well-appointed bathroom. Every room is filled with natural light thanks to the unit's expansive windows, and the impressive 6' x 42' four-season sunroom extends the living space while creating the perfect spot to relax year-round. Residents enjoy access to excellent amenities including a large outdoor pool with a gazebo and BBQ area, a workout room, games room/library, coin laundry, mailroom, ample parking, and a storage locker. The building is in the final stages of converting from Tenancy in Common to Condominium ownership, giving owners peace of mind and long-term value. Monthly fees conveniently include heat, hydro, water, maintenance, and property taxes, making this a truly rare opportunity for comfortable, low-maintenance living in an incredibly convenient location.
2 bedrooms, 1 bathroom, about 1,000 sq ft, works out to roughly $250 per square foot. Chat with Zara if you'd like a deeper read on whether this co-op fits your budget and timing.
Inside 24 Midland Dr #509
Every detail from the listing, in one place.
Type
Co-op
Style
Apartment
Living space
1000-1199 sq ftas stated on the listing
Parking
2 spaces
Basement
Finished
Features & systems
Parking & garage
Parking spaces
2
Interior
Basement
Finished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Co-Ownership Apartment
24 Midland Dr #509 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$1,228
/mo
based on the purchase price of $250,000
$50,000 cash
$200,000 financed
$168,452 total interest
Principal54%$200,000
Interest46%$168,452
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Keep looking near 24 Midland Dr #509
Homes for sale in Kitchener
Every active Kitchener MLS® listing, updated all day.
Average days on market30Homes sold in about 30 days on average.
Sale-to-list ratio101.0%On average, homes sold at or above asking.
Active listings783Homes for sale here right now.
Median vs prior 90 days−2.4%Compared with Apr 26 – Jul 25, 2026: prices down.
Based on 735 sales from Jul 25 – Oct 23, 2026 (574 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
6 for sale · 1 for rent at 24 Midland Dr — plus its sale and lease history.
24 Midland Dr #509 is listed at $250,000 (MLS® X13630500). Summitly updates the price as soon as the MLS® record changes.
Is $250,000 a good price for 24 Midland Dr #509?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Kitchener. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 24 Midland Dr #509 changed?
Yes — it was first listed at $299,000 and is now $250,000, a drop of $49,000 (16.4%).
How many bedrooms and bathrooms does 24 Midland Dr #509 have?
24 Midland Dr #509 has 2 bedrooms and 1 bathroom, with about 1,000–1,199 square feet of living space. It is a co-op in Kitchener.
Is 24 Midland Dr #509 close to transit?
The nearest rapid-transit station is Borden Station (ION), about 2.4 km in a straight line. Kitchener Market Station is about 3.0 km, and Mill Station is about 3.0 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 24 Midland Dr #509?
About $1,228 a month — principal and interest on $250,000 with 20% down ($50,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 24 Midland Dr #509 compare with other homes in Kitchener?
Its asking price of $250,000 is about 62% below the median sold price in Kitchener over the last 90 days, $663,500, across 735 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 24 Midland Dr #509 been sold before?
Summitly has no earlier MLS® sale or lease of 24 Midland Dr #509 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 24 Midland Dr #509?
24 Midland Dr #509 is in Kitchener, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 24 Midland Dr #509 been on the market?
83 days — 24 Midland Dr #509 was listed on August 1, 2026.
What is the price per square foot of 24 Midland Dr #509?
About $209 to $250 per square foot: the asking price of $250,000 over the 1,000–1,199 sq ft the listing gives as its size range.
