$589,900

For saleJust listed

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114 Connelly Drive, Kitchener - Single Family for Sale

114 Connelly Drive, Kitchener, Ontario, N2N2V2

3 beds2 baths3 parking ft²

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3 bd3 ba4 pk3,704 ft²Lot size 5,968 sq ft (0.13 ac)

Listed by Royal LePage Wolle Realty

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382 Wake Robin Crescent, Kitchener, Ontario, N2E3L6

3 bd2 ba2 pk1,300 ft²Lot size 27 × 127 ft (3,464 sq ft)

Listed by RE/MAX ESCARPMENT REALTY INC.

905 Broadacre Place, Kitchener, Ontario, N2R0S6

For saleJust listed

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905 Broadacre Place, Kitchener, Ontario, N2R0S6

6 bd5 ba6 pk4,250 ft²Lot size 58 × 157 ft (9,092 sq ft)

Listed by RE/MAX TWIN CITY REALTY INC.

For saleJust listed

Today

$600K

382 WAKE ROBIN Crescent, Kitchener, Ontario, N2E3L6

3 bd2 ba2 pk1,103 ft²

Listed by RE/MAX Escarpment Realty Inc.

Investment analysis

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$589,900

Kitchener

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Overview

This 3-bedroom, 2-bathroom home in Kitchener is for sale offering roughly 1,300 sq ft of space. Listed at $589,900, it is attractively priced about 21% below the $749,900 median asking price in Kitchener. It has been on the market 7 days, fresher than the Kitchener average of 53 days.

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Description

Freehold 3-bedroom, 2-storey semi-detached home on a 30 x 100 ft lot in Forest Heights, Kitchener. The main floor has a kitchen and an open living and dining room, with sliding doors to a deep, fully fenced rear yard. Upstairs are three bedrooms and a 4-piece bathroom. The finished basement adds a recreation room, a 2-piece bathroom and a laundry and utility room. Private driveway parking for three. Close to schools, parks, public transit, places of worship and shopping at The Boardwalk. Exterior photos show the full semi-detached building; 114 is the left-hand home with the covered front porch. Some photos digitally decluttered and virtually staged. Twilight image digitally enhanced. (id:66096)

Property Details

MLS®: X14125594
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 3
Interior Size: 1,300 ft²
Lot Size: 30 × 100 ft (3,016 sq ft)
Frontage: 30 ft
Storeys: 2
Basement: Finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $3,163.5/yr
Listed: 7 days ago

Rooms

Main level

Kitchen: 3 x 3.56 meters
Living room: 4.8 x 3.56 meters
Dining room: 3.73 x 1.98 meters

Second level

Primary Bedroom: 3.4 x 4.24 meters
Bedroom 2: 2.44 x 3.45 meters
Bedroom 3: 2.46 x 3.81 meters

Basement

Recreational, Games room: 3.66 x 2.74 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Market Timing

Days on market

Kitchener listings, avg age

53d

Price / ft²

$454

List price

$590K

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.

Area context

Neighbourhood profile (N2N)

This home lists at $589,900, about 5.5× the local median household income of $108,000.

Carrying it typically needs a household income of about $115,228 (20% down, 25-yr amortization, stress-tested) — roughly 7% above the area median.

Median household income: $108,000
Population: 26,596
Median age: 39.2
Owner / renter: 83% / 18%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA N2N)

$589,900· $454/ft²

For sale

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Full Cost Breakdown

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Down Payment5.76% · $33,990.00

Min 5.76%50%

Mortgage payment$3,082/mo

↳ CMHC premium ($22,236 capitalized)

Property tax (est.)$264/mo

Total monthly$3,346

Cash Needed to Close

Down payment (5.76%)$33,990

Land transfer tax$8,273

Est. closing costs$4,270

Total cash needed$46,533

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

114 Connelly Drive, Kitchener - Single Family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N2N)

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Full Cost Breakdown