
K5 - 40 PALACE Street
Kitchener, Ontario
2 bed • 3 bath • Single Family
Welcome to the Marble upper level unit, one of the most spacious and sought-after floor plans in Kitchener’s vibrant Parkside community. This expansive two-storey condominium townhome offers a significant footprint of 1,130 square feet, providing a level of comfort and flow that truly sets it apart. The thoughtfully designed layout features two large bedrooms and 2.5 bathrooms, ensuring maximum privacy for residents and a convenient powder room for guests. The heart of the home is a bright, open-concept living and dining area that transitions seamlessly into a modern kitchen equipped with soft-close cabinetry, with functional counter space, and durable laminate flooring throughout. Large windows flood the entire residence with natural light, while a private balcony offers a quiet outdoor retreat. For added peace of mind and convenience, this home includes a dedicated parking spot (#76) located just steps from the entrance. The surrounding neighborhood offers an unparalleled lifestyle balance, perfectly positioned between the natural beauty of McLennan Park and Elmsdale Park. Residents can enjoy immediate access to extensive trail networks, splash pads, and off-leash dog parks right in their backyard. The location is a commuter’s dream, situated just two minutes from HWY 7/8 with public transit stops conveniently located at the doorstep. Beyond the green space, the urban amenities of the Laurentian Power Centre are only a five-minute walk away, providing easy access to Zehrs, Lowe’s, various healthcare services, and a diverse range of dining and retail options. This Marble unit represents a rare opportunity to enjoy a larger, premium layout within a community that connects you to everything Kitchener.
Price History
Schools
Elementary
- Monsignor Haller Catholic Elementary School0.5 km
Catholic · Waterloo CDSB · 400 students
Grade 3 reading: 79% met the provincial standard · Grade 6 math: 32% met the provincial standard
- Trillium Public School0.8 km
Public · Waterloo Region DSB · 215 students
Grade 3 reading: 75% met the provincial standard · Grade 6 math: 30% met the provincial standard
- Alpine Public School0.8 km
Public · Waterloo Region DSB · 285 students
Grade 3 reading: 73% met the provincial standard · Grade 6 math: 59% met the provincial standard
Secondary
- St Mary's High School1.7 km
Catholic · Waterloo CDSB · 2240 students
Grade 10 literacy: 94% met the provincial standard
- Cameron Heights Collegiate Institute2.5 km
Public · Waterloo Region DSB · 1765 students
Grade 10 literacy: 90% met the provincial standard
- Forest Heights Collegiate Institute2.6 km
Public · Waterloo Region DSB · 1555 students
Grade 10 literacy: 86% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N2E
- Population
- 40,428
- Private dwellings
- 14,544
- Median age
- 36.4
- Average household size
- 2.8
- Median household income
- $93,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Single Family in Kitchener · last 12 months
- Median sold price
- $665,000
- Homes sold
- 1,923
- Median days on market
- 20
- Sale-to-list price
- 101.0%
Based on 1,923 recorded sales of single family properties in Kitchener over the last 12 months.
Location
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