- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1,200–1,399sq ft
- Per sq ft
- $384at the range’s middle
- Tax a year
- $3,5432026 tax year
- Parking
- 1none
- Days on market
- Members
The brief
About 53-116 Wheat Lane
53-116 Wheat Lane is a 2-bedroom, 2-bathroom condo townhouse in Kitchener, listed for sale at an asking price of $499,000 (MLS® X14023794).
Welcome to Unit 58 at Wallaceton Fusion Homes in Huron Park, Kitchener a beautifully designed, park-facing 2-bedroom, 2.5-bathroom townhome offering over 1,200 sq. ft. of bright, modern living space. Built in 2022 and still feeling brand new, this one-floor condo-townhome features an open-concept layout with 9 ft. ceilings, upgraded lighting, soft-close cabinetry, wide plank laminate flooring, and a stylish chefs kitchen with two-tone cabinets, quartz countertops, stainless steel appliances, hood vent, and breakfast bar. The spacious living area is filled with natural light from large windows and opens onto two private balconies with scenic views.The primary bedroom includes a walk-in closet and a full ensuite bath, while the second bedroom is ideal for guests, a home office, or a growing family, complemented by an additional full bathroom and a convenient powder room. Enjoy in-suite laundry with full-size washer and dryer, plus one dedicated parking space right outside your door. Located just steps from parks, schools, shopping, transit, and the RBJ Schlegel Sports Complex, this move-in ready home offers the perfect blend of nature and city living.
Insights
Condition Score
Good71/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall31/100−$849/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 28 condos with 2 bedrooms for lease in Kitchener right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $3,543 / 2026
- MLS® number
- X14023794
- Board
- TRREB MLS®
- Property Type
- Condo Townhouse
- Days on market
- Size
- 1200-1399 sqft
- Listed on
- Parking
- None, 1 Parking
Property details
Property
- Property Type
- Condo Townhouse
- Style
- Stacked Townhouse
- Municipality
- Kitchener
Building
- Size
- 1200-1399 sqft
- Construction
- Alum Siding
Inside
- Bedrooms
- 2
- Bathrooms
- 2
- Bathroom Details
- 1 × 3pc Upper, 1 × 2pc 2nd
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- None
- Additional Parking
- 1
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- Dishwasher, Dryer, Microwave, Rangehood, Refrigerator, Washer
- Condo maint.
- $377
Rooms
Room details unavailable
The listing source did not provide room-level measurements or features.
Listing history
Buy/sell history for 53-116 Wheat Lane, Kitchener, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $499,000 | N/A | For Sale | X14023794 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $99,800
- Total mortgage amount
- $399,200
- Total interest payment
- $283,900
- Total purchase cost
- $782,900
- Mortgage payment
- $2,277/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
50%Monthly carrying cost
$2,949- Rent $2,100
- Shortfall $849
Rental income opens at $2,100, the median asking rent of 28 comparable homes for lease in Kitchener. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $6,455
- Total land transfer tax
- $6,455
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $2,455
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $499,000
- $1,980
- Ontario total
- $6,455
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- No mapped wetland within 120 m120 m
- 1 water-supply well recorded within 250 mIt was drilled for domestic use; 4 test or monitoring holes also recorded. From Ontario’s well records; locations can be approximate. The records do not show how this home gets its water. Wells nearby typically go down about 6.6 m.250 m
- Groundwater recorded about 15.3 m below ground nearbyThe middle water level in the well records within 500 m (45 records). It changes with the season and from spot to spot.500 m
Province of Ontario open data
Planning and building activity1
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
Province of Ontario open data
Around the home1
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- 2 licensed pits or quarries within 2 kmThe nearest is 930 m away, as mapped.2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is BFG Canada Inc., 1.9 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Enova Power Corp.At the address
- Wired internet 50/10 Mbps or faster is listed at this locationFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (10 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.At the address
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Netflash Internet Solutions, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Netflash Internet Solutions, Rogers, Vianet, Waterloo Wireless, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Grand River Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
The market
Condos for sale in Kitchener right now
- For sale now
- 115
- Median asking price
- $475K
- New in 7 days
- 10
- Price cuts
- 23%
Middle half: $410K to $530K
45 in 28 days
27 listings
This home is asking 5% above the median.
See all homes in KitchenerAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| St Josephine Bakhita Catholic Elementary SchoolWaterloo CDSB | Catholic · grades JK–8 | 250 m | 76%Grade 6 average |
| Oak Creek Public SchoolWaterloo Region DSB | Public · grades JK–8 | 550 m | 76%Grade 6 average |
| Jean Steckle Public SchoolWaterloo Region DSB | Public · grades JK–8 · French Immersion | 950 m | 72%Grade 6 average |
| ÉÉC Cardinal-LégerConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–6 | 3.1 km | 61%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Huron Heights Secondary SchoolWaterloo Region DSB | Public · grades 9–12 | 2.1 km | 61%Grade 9 math |
| St Mary's High SchoolWaterloo CDSB | Catholic · grades 9–12 | 4.5 km | 48%Grade 9 math |
| Forest Heights Collegiate InstituteWaterloo Region DSB | Public · grades 9–12 | 6 km | 48%Grade 9 math |
| École secondaire David Saint-JacquesConseil scolaire Viamonde | French-language public · grades 9–12 | 7.9 km | 70%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in Kitchener are shown to signed-in members.