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$575,000
Kitchener
162 CHURCH Street, Kitchener, Ontario, N2G1S6
This 4-bedroom, 3-bathroom home in Kitchener is for sale offering roughly 1,807 sq ft of space. Listed at $575,000, it is attractively priced about 23% below the $749,900 median asking price in Kitchener. It has been on the market 31 days, fresher than the Kitchener average of 53 days.
162 Church Street is set in downtown Kitchener's historic South Ward. This solid, double-brick duplex is set on top of Cedarhill. Just steps from Kitchener's famed Farmer's Market and all the boutiques, restaurants and retail in the downtown core. The residence features a pair of spacious two bedroom units each approximately 900 sq. ft.. The main floor unit has been freshly painted, tenants or potential owner/operators will love the 10ft ceilings and large windows, two large bedrooms, and full bathroom. Set market rate rents for this unit (now vacant) and choose tenants for your portfolio. The upper unit (currently tenanted) has the same layout but adds a convenient second, 3 piece ensuite bathroom in the primary bedroom. There is plenty of storage available in the walkout basement, including a common laundry area. The electricity has dual meters for each unit plus a landlord meter. Each unit receives a parking space, (back or front), while the driveway is mutual/shared with 166 Church. Built in 1895, this historic property offers enduring charm and location. Buy with confidence, pre-listing inspection completed with Green Trust Services. Excellent value on offer here for First Time Home Buyers or Investors. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Extended: 31 days on market, against an average age of 53 days across the listings currently for sale in this city
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.
This 4-bed single family in Kitchener has been listed for 31 days, which is 22 days fresher than the city average of 53. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $575,000, about 9.2× the local median household income of $62,400.
Carrying it typically needs a household income of about $112,318 (20% down, 25-yr amortization, stress-tested) — roughly 80% above the area median.
Source: Statistics Canada, 2021 Census (FSA N2G)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice