$979,000

For sale

102 Massey Avenue, Kitchener - Single Family for Sale

102 Massey Avenue, Kitchener, Ontario, N2C1M5

6 beds3 baths3 parking1,300 ft²51 × 109 ft (5,542 sq ft) lot sizeListed 33 days ago

Overview

This 6-bedroom, 3-bathroom home in Kitchener is for sale offering roughly 1,300 sq ft of space. It has been on the market 33 days, fresher than the Kitchener average of 53 days.

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Description

Rare 3 Unit Property in the Heart of Kitchener!Welcome to this versatile and income-generating property featuring 3 separate units, making it an excellent opportunity for homeowners, investors, or multi-generational families.Unit 1: Main-floor bungalow featuring 3 bedroomsUnit 2: Legal basement apartment with separate entrance and 2 bedroomsUnit 3: Newly built legal 1-bedroom backyard apartment-style unitThe property has been thoughtfully upgraded, including new flooring, updated bathrooms and kitchens, new appliances, basement windows, new airconditioner, new heat pump for backyard unit and a newly constructed backyard unit. All available City permit documentation is attached to the listing.Enjoy the flexibility to live in one unit and rent the other two, occupy two units and rent one, accommodate a large or multi-generational family across all three units, or rent out all three units for potential rental income.A unique opportunity to own a legal 3-unit property in a prime Kitchener location with multiple living and investment possibilities. (id:66096)

Property Details

MLS®: X13853362
Property Type: Single Family
Zoning: R2A
Bedrooms: 6
Beds (above / below): 4 above · 2 below
Bathrooms: 3
Parking: 3
Interior Size: 1,300 ft²
Lot Size: 51 × 109 ft (5,542 sq ft)
Frontage: 51 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Separate entrance, N/A, N/A
Heating: Heat Pump, Forced air, Natural gas, Other
Cooling: Central air conditioning
Garage: Garage, Carport
Ownership: Freehold

Features

Appliances: Washer, Refrigerator, Water meter, Dishwasher, Stove, Dryer, Water Heater
Foundation: Concrete
Exterior: Brick, Vinyl siding
Lot Features: Carpet Free, In-Law Suite

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

33d

Kitchener listings, avg age

53d

Price / ft²

$753

List price

$979K

Homes here sell faster than most markets

Sold homes in this market spent an average of 31 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 100.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This 6-bed single family in Kitchener has been listed for 33 days, which is 20 days fresher than the city average of 53. Act while there is still low competition.

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Listed by YOUR GTA REAL ESTATE INC. · SUSHIL AGRAWAL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2C)

This home lists at $979,000, about 14.0× the local median household income of $70,000.

Carrying it typically needs a household income of about $191,233 (20% down, 25-yr amortization, stress-tested) — roughly 173% above the area median.

Median household income: $70,000
Population: 17,681
Median age: 36.8
Owner / renter: 33% / 67%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA N2C)

$979,000· $753/ft²

For sale

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Full Cost Breakdown

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Down Payment7.45% · $72,900

Min 7.45%50%

Mortgage payment$5,024/mo

↳ CMHC premium ($36,244 capitalized)

Property tax (est.)$310/mo

Total monthly$5,334

Cash Needed to Close

Down payment (7.45%)$72,900

Land transfer tax$16,055

Est. closing costs$5,437

Total cash needed$94,392

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