$599,000

For saleJust listed

121 Park Street, Kitchener - Single Family for Sale

121 Park Street, Kitchener, Ontario, N2G1M5

3 beds3 baths2 parking1,300 ft²36 × 143 ft (5,159 sq ft) lot sizeListed 6 days ago

Overview

This 3-bedroom, 3-bathroom home in Kitchener is for sale offering roughly 1,300 sq ft of space. Listed at $599,000, it is attractively priced about 20% below the $749,900 median asking price in Kitchener. It has been on the market 6 days, fresher than the Kitchener average of 53 days.

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Description

Charming red brick detached 2-bedroom + loft in one of Kitchener's most sought-after locations, steps to Victoria Park and Google. The main floor offers a bright, open-concept - perfect for everyday living and entertaining. Upstairs you'll find two well-appointed bedrooms. The primary boasts its own ensuite, plus a second 4-piece bath serves the second bedroom. Convenient second-floor laundry. The third-floor loft is a fantastic bonus space - ideal for a home office, studio, or cozy reading retreat. Lower level is partially finished, with a 4 pc bath can be used as a family room ,3rd bedroom or In-law Suite. Walk to Victoria Park, cafes, trails, and downtown Kitchener. Minutes to the LRT, Google, shopping and all amenities. A rare opportunity to own a detached home in the heart of the city with character, updates, and unbeatable location. (id:66096)

Property Details

MLS®: X14129596
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 3
Parking: 2
Interior Size: 1,300 ft²
Lot Size: 36 × 143 ft (5,159 sq ft)
Frontage: 36 ft
Storeys: 2
Basement: Partially finished, N/A
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Ownership: Freehold
Property Tax: $4,119.57/yr
Listed: 6 days ago

Rooms

Main level

Living room: 3.3 x 5.15 meters
Kitchen: 3.56 x 3.56 meters
Dining room: 3.56 x 2.47 meters

Basement

Bathroom: 2.42 x 2.17 meters
Kitchen: 3.21 x 5.94 meters
Bedroom 3: 3.25 x 2.27 meters

Second level

Primary Bedroom: 3.6 x 3.18 meters
Bathroom: 1.56 x 2.8 meters
Bedroom 2: 3.62 x 3.18 meters

Features

Foundation: Block
Exterior: Brick, Aluminum siding
Lot Features: Irregular lot size

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Kitchener listings, avg age

53d

Price / ft²

$461

List price

$599K

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 3-bed single family in Kitchener has been listed for 6 days, which is 47 days fresher than the city average of 53. Act while there is still low competition.

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Listed by FOREST HILL REAL ESTATE INC. · BRIAN BARNHARDT

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2G)

This home lists at $599,000, about 9.6× the local median household income of $62,400.

Carrying it typically needs a household income of about $117,006 (20% down, 25-yr amortization, stress-tested) — roughly 88% above the area median.

Median household income: $62,400
Population: 14,580
Median age: 38
Owner / renter: 31% / 69%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA N2G)

$599,000· $461/ft²

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment5.83% · $34,900

Min 5.83%50%

Mortgage payment$3,127/mo

↳ CMHC premium ($22,564 capitalized)

Property tax (est.)$343/mo

Total monthly$3,471

Cash Needed to Close

Down payment (5.83%)$34,900

Land transfer tax$8,455

Est. closing costs$4,297

Total cash needed$47,652

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