Townhomes for Sale in Kitchener-Waterloo | WRX Property Group

Townhomes for Sale in Kitchener-Waterloo


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424 AVENS Street, Waterloo, N2V0B5

424 AVENS Street, Waterloo, Ontario N2V0B5

3Bedroom(s)
3Bathroom(s)
Attached GarageParking(s)
37Picture(s)
8 years old ,Freehold End Unit Townhouse with Walk-Out Basement level & potential for an In-Law set up in the most sought after area of Waterloo. - Columbia Forest - Vista Hills. Recently renovated with new carpet, new flooring and painting at both the levels. Main Level : With Living , Dining & Kitchen area and a door to upper level deck where the staircase takes you to the backyard.
$825,000

91 SOUTH CREEK Drive, Kitchener, N2P2N3

91 SOUTH CREEK Drive, Kitchener, Ontario N2P2N3

3Bedroom(s)
3Bathroom(s)
Attached GarageParking(s)
42Picture(s)
The Hillside Model by Activa - Modern & Elegant Living in the Heart of Doon! Groh Public school is just down the street. Many Parks, Trails, Recreational Facilities, and schools are nearby. This home features a Super-Sized Great Room open to Kitchen and Dining.
$600,000

32 MOWAT Boulevard Unit# 36, Kitchener, N2E1X4

32 MOWAT Boulevard, Kitchener, Ontario N2E1X4

3Bedroom(s)
2Bathroom(s)
28Picture(s)
Super value for this 2 story 1,200 sq foot centrally located townhome. The basement is unfinished and there is a private patio. There are 1-½ baths, 3 bedrooms and sliders to a private patio. It is an opportunity for you to create your space the way you like it. Tenant is on month to month tenancy.
$375,000

210 MAITLAND Street, Kitchener, N2R0C3

210 MAITLAND Street, Kitchener, Ontario N2R0C3

3Bedroom(s)
3Bathroom(s)
Attached GarageParking(s)
42Picture(s)
Not holding offers! Welcome to 210 Maitland Street! This end unit townhome is a close proximity to schools, parks, shipping, and just a short drive to Conestoga College and the 401. Walk in and up the stairs to a bright, welcoming main floor with a powder room! The spacious living, dining and kitchen area is the perfect spot to host family gatherings.
$750,000

#31 -205 HIGHLAND CRES, Kitchener, N2M5L7

205 Highland Crescent, Kitchener, Ontario N2M5L7

1Bedroom(s)
1Bathroom(s)
Attached GarageParking(s)
20Picture(s)
Immaculate Attached Row Bungalow Townhome Located In Sought After Highland Crescent! Features 1 Spacious Primary Bedroom With A Renovated 3 Pc Ensuite And Walk-In-Closet. Open Concept Living/Dining/Kitchen With Breakfast Bar. Owned Electric Furnace & A/C 2022. Roof Shingles And Patio Replaced 2019. Attached Single Car Garage With 1 Driveway Space.
$499,900

31 205 Highland Crescent, Kitchener, N2M5L7

Kitchener, Ontario N2M5L7

1Bedroom(s)
1Bathroom(s)
Attached GarageParking(s)
20Picture(s)
Immaculate Attached Row Bungalow Townhome located in sought after Highland Crescent! Features 1 Spacious Primary Bedroom with a Renovated 3 PC Ensuite and Walk-in-Closet. Open Concept Living/Dining/Kitchen with Breakfast Bar. Owned Electric Furnace & A/C 2022. Roof Shingles and Patio Replaced 2019. Attached Single Car Garage with 1 Driveway Space.
$499,900
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Townhouses in Kitchener-Waterloo

Greetings! Welcome to the WRX Property Group blog and website. Today, we’re rolling along with our in-depth series on the specific types of homes for sale in Kitchener-Waterloo. We’ll be looking at what each type of house looks like, common features, advantages and disadvantages, and the specific market within Kitchener-Waterloo (including location and pricing). Let’s get started!

 

See Townhouses for Sale in Kitchener-Waterloo

 

Townhouses

In our previous analysis of Common Types of Home for Sale in Kitchener-Waterloo, we gave Townhouses the succinct description of: “Townhouses come in groups of three or more; properties share sides (occasionally back walls) with other townhouses in their overall unit.”

Additionally, we described a common variety of Townhouses (Stacked Townhouses) thusly: “Stacked townhouses are three or four-level buildings with multiple townhouses stacked on one another; these differ from apartment-style condominiums insofar as each has its own separate entrance and front door.”

Townhouses, by virtue of building up rather than out, are typically much more space-efficient than detached and even semi-detached houses. Townhouses typically feature more floors than the average house, and most townhouse units in a row will share two walls with adjoining townhouses (the ones on the far sides naturally share only one wall).

Differentiating a Townhouse from a unit in a multiplex, however, is the fact that Townhouses feature their own, private entrances (and also, it’s much less common for multiplex units to feature multiple storeys, whereas it is the norm for townhouses).

Freehold Townhomes versus Condominium-Style Townhomes

Before we dive into the Kitchener-Waterloo particulars, there’s one final facet to Townhouses that we need to consider. That is the difference between Freehold Townhomes and Condominium Townhomes. Let’s take a quick look at the main points of our past definitions:

Freehold – “In the simplest of terms, this means you own your property (and the land on which it’s located) rather than living there under the terms of a lease.”

Condominium – “You own the interior of your specific condominium, but not the overall building, nor the land upon which it all sits.”

When you purchase a Freehold Townhouse, you are purchasing the property and your portion of the land. You are the owner outright, which means you have more control over the property, but also more responsibility. Because you will own more, Freehold Townhouses can involve higher overall prices, though not necessarily higher prices per square foot (including lawn).

When you purchase a Condominium Townhouse, you are purchasing it as a ‘unit’ – you do not own the building itself, or the land, but rather the interior (the home, as it were). Many condos involve condo fees, which go toward maintaining the overall structures and the land.

Before we move on to Townhouse prices in Kitchener-Waterloo, it’s worth noting that Freehold Townhouses are not only good options for first-time buyers, families, and people looking for a lower average price than those available in semi-detached and detached homes. Freehold Townhouses can also be worthwhile for investors, whether purchasing the property to join in the Kitchener-Waterloo real estate market (prices still show an upward trend), but also to convert into a Condominium Townhouse that they, in turn, rent out.

Price of Townhouses in Kitchener-Waterloo

Prices range from just under $170,000 to up to around the $600,000 – $700,000 range. Townhouses on either side of that range tend to be a bit harder to come by, but in the case of the higher-price point Townhouses, most can be in particular areas (northeast Waterloo and southeast Kitchener, for example). While there are townhouses on both the higher and the lower end of that scale, the most fall somewhere in between.

Looking through recent sales data, it’s clear that Townhouses continue to appreciate in value, while also offering a lower price point for those looking to join the Kitchener-Waterloo real estate market as homeowners. The lower price Townhomes are primarily Condominium-style: essentially, homes under $250,000 are almost all Condominium Townhouses as opposed to Freehold. Freehold Townhouses become more common as prices climb past the $300,000 mark.

Let’s look at the difference a year makes: in November 2017, there were 27 Freehold Townhouses sold in Kitchener-Waterloo; in November 2018, there were 31 Freehold Townhouses sold. In terms of average price, Freehold Townhomes went for an average of $369,678 in November 2017. That price actually went down in November 2018, to an average of $361,177. Prices and quantities sold can fluctuate month to month, but they’re a good indicator of both the health and stability of the market.

Moving to the first stats release of 2019, the sales figures from January 2019, we see a total of 17 Freehold Townhomes sold, at an average price of $368,227. As noted previously, the price range for Townhomes in Kitchener-Waterloo runs from around $170,000 to $600,000+, and this average falls fairly close to dead centre between them.

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    Size is a factor in the price of a Townhouse, as are location and date of construction. Whether you’re looking for something on the higher end of the spectrum or the lower end of the spectrum, you can often find clusters of similarly-priced options, particularly by narrowing your search to specific areas of Kitchener-Waterloo. Let’s take a look.

     

    Location of Townhouses in Kitchener-Waterloo

    Over the course of a year, there will be hundreds of Townhouse sales in Kitchener-Waterloo, of both the Freehold and Condominium variety. Owing to their efficiency and abundance, they can be found in many different neighbourhoods and areas of the cities. Their popularity – particularly owing to their lower price point, which makes them a great option especially for first-time home buyers – however means that there can be competition.

    In general, there tend to be more lower-priced options towards the centre of Kitchener-Waterloo, and more higher-priced options toward the periphery. Lower price Townhouses can often be found in the Stanley Park and Centreville neighbourhoods of eastern Kitchener, as well as the neighbourhoods around Block Line Road in central Kitchener (Laurentian and Country Hills, for example). There are options toward southern Kitchener, too, particularly by the intersection of Homer Watson Boulevard and Doon Village Road.

    Lower price Townhouses in Waterloo can be found in Beechwood, particularly along or off of Keats Way, and also off of and west of the Conestoga Parkway (Highway 85), especially in Lincoln Heights. In terms of higher priced Townhouses, the key areas to look include northeast Waterloo (Country Squire and Eastbridge, price typically climbing in proximity to the Grand River), and southern Kitchener, where spacious, brand new Townhouses are quite popular.

     

    Conclusion

    Whether you’re looking for a Freehold Townhouse, a Condominium, or a Stacked Townhouse, WRX Property Group would be happy to help you on your real estate journey. Please don’t hesitate to contact us if there’s anything else you’d like to know!
    Written by Will Kummer

     

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