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30 Palace Street 115, Kitchener, ON N1R 6J7

Commercial Retail
$799

$$ Pre Construction ## Commercial/Retail Condo ## @ Ottawa Street & Hunsworth Ave intersection In Kitchener ## Permitted For Restaurant, Services, MEDICAL, Professional Offices, DAY CARE & Other Uses. A Rare Opportunity Of Owning Instead Of Renting In Growing City Of Kitchener ### Exclusive Use Available ###. Possession In September 2027.**Taxes Yet To Be Assessed. ** Rare Opportunity To Own Your Unit **

MLS number
X13203442
Type
Commercial Retail
Status
Active
Bedrooms
Bathrooms
Postal code
N1R 6J7
Photos
4
Property tax
$7,755 / year
109days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Matched to the building rather than the unit — every unit in a tower shares one coordinate.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Monsignor Haller Catholic Elementary School
Waterloo CDSB
Elementary458 m6.3 / 10
63% met the standard
Trillium Public School
Waterloo Region DSB
Elementary694 m6.7 / 10
67% met the standard
Queen Elizabeth Public School
Waterloo Region DSB
Elementary969 m6.8 / 10
68% met the standard
Laurentian Hills Christian SchoolElementary951 mNot reported
Alpine Public School
Waterloo Region DSB
Elementary895 m7.5 / 10
75% met the standard
St Bernadette Catholic Elementary School
Waterloo CDSB
Elementary1.3 km6.7 / 10
67% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 298 people.

$57,600Median household income
0%Own their home
0%Detached houses
33.6Median age
25.4%Born outside Canada
6.4%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35300153 — the few blocks around this address, home to 298 people. It describes the area, not this property.

298Population
36.6Average age
2Household size
$57,000Average household income
$57,600Median household income
0%Own their home
100%Rent
7%Condominiums
25%Born outside Canada
6%University degree
20%Low income
53%Not in the labour force
36%Never married
$20,000 to $24,9993%
$25,000 to $29,9996%
$30,000 to $34,9999%
$35,000 to $39,9993%
$40,000 to $44,9996%
$45,000 to $49,9996%
$50,000 to $59,99913%
$60,000 to $69,9999%
$70,000 to $79,9999%
$80,000 to $89,9996%
$90,000 to $99,9993%
$100,000 and over13%
$100,000 to $124,9996%
$125,000 to $149,9993%
$150,000 to $199,9993%

Percentages are of the 160 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$160 · minimum here is $40
$3.54per month
Borrowed before insurance$639
Total borrowed$639
Interest over 25 years at 4.5%$422

If you rented it out

-$649.79per month out of pocket
Rent$0.00
Everything it costs to hold$649.79
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by PONTIS REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.