Welcome to Unit 509 at Stanley Park Place, a well-run 55+ community in the heart of Kitchener. At 1,136 sq ft, this 2 bedroom suite is far larger than a typical apartment. It has an open-concept living and dining area, two generous bedrooms with large closets, and a full 4-piece bathroom. The standout feature is the four-season sunroom running about 42 feet along the unit. It fills the home with natural light and gives you a bright spot to read, garden or relax all year. The suite is freshly painted and move-in ready. Monthly fees of $1,230.48 cover heat, hydro, water, property taxes, building insurance, parking and maintenance. That means one predictable payment and no surprise bills. You also get exclusive parking and an exclusive storage locker. Residents enjoy an outdoor pool, a gazebo and BBQ area, a workout room, a games room and library, a party room, coin laundry, and a social calendar that includes potlucks and clubs. You're close to Ottawa St N shopping, transit, places of worship and everyday amenities. The building is a Tenancy in Common in the final stages of converting to a registered condominium, which offers long-term value for buyers who get in now. Book your private showing today.
2 bedrooms, 1 bathroom, about 1,000 sq ft, works out to roughly $225 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.
For saleListedThis listingMLS® X14114260$225,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 24 Midland Dr #509 Compares to the Kitchener Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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
$1,105
/mo
based on the purchase price of $225,000
$45,000 cash
$180,000 financed
$151,607 total interest
Principal54%$180,000
Interest46%$151,607
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.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Kitchener
Other 2-bed homes for sale in Kitchener around $225K.
Average days on market30Homes sold in about 30 days on average.
Sale-to-list ratio100.9%On average, homes sold at or above asking.
Active listings777Homes for sale here right now.
Median vs prior 90 days−2.4%Compared with Apr 28 – Jul 27, 2026: prices down.
Based on 754 sales from Jul 27 – Oct 25, 2026 (576 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 $225,000 (MLS® X14114260). Summitly updates the price as soon as the MLS® record changes.
Is $225,000 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?
No — 24 Midland Dr #509 is still listed at its original asking price of $225,000.
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 $1,105 a month — principal and interest on $225,000 with 20% down ($45,000), 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 $225,000 is about 66% below the median sold price in Kitchener over the last 90 days, $662,500, across 754 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?
1 day — 24 Midland Dr #509 was listed on October 24, 2026.
What is the price per square foot of 24 Midland Dr #509?
About $188 to $225 per square foot: the asking price of $225,000 over the 1,000–1,199 sq ft the listing gives as its size range.
