$689,900

For saleJust listed

162 FAIRFIELD Avenue, Kitchener - Single Family for Sale

162 FAIRFIELD Avenue, Kitchener, Ontario, N2H6C5

3 beds3 baths5 parking1,893 ft²Listed 7 days ago

Overview

This 3-bedroom, 3-bathroom home in Kitchener is for sale offering roughly 1,893 sq ft of space. Listed at $689,900, it is attractively priced about 8% 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

Welcome to this charming red brick bungalow offering comfort, versatility, and plenty of space to suit your lifestyle! Featuring two bedrooms, three bathrooms, and a fully finished basement with an in-law setup, this home is an excellent opportunity for multi-generational living or added flexibility for family and guests. Enjoy the convenience of a newer furnace and a detached heated single-car garage-perfect for year-round use, extra storage, or a hobby space. Step outside your private backyard, an ideal setting for relaxing, entertaining, or enjoying little outdoor privacy in your own Hot Tub. With its classic brick exterior, functional layout, and versatile living space, this home offers a wonderful combination of charm and practicality. A fantastic opportunity for first-time buyers, downsizers, or those looking for additional living space. (id:66096)

Property Details

MLS®: 40874891
Property Type: Single Family
Zoning: R2A
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 3
Parking: 5
Interior Size: 1,893 ft²
Frontage: 58 ft
Year Built: 1952
Storeys: 1
Style: Bungalow
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage
Fireplace: Yes
Ownership

Rooms

Basement

Utility room: 5'11'' x 14'6''
Recreation room: 15'9'' x 11'2''
3pc Bathroom
4pc Bathroom
Bedroom: 10'4'' x 10'2''
Family room: 11'9'' x 14'9''
Kitchen: 8'10'' x 10'9''
Laundry room: 5'0'' x 10'7''

Main level

Bedroom: 11'4'' x 9'3''
Dining room: 11'6'' x 11'2''
Kitchen: 10'11'' x 11'1''

Features

Appliances: Washer, Refrigerator, Hot Tub, Dishwasher, Stove, Dryer, Microwave, Window Coverings, Microwave Built-in
Foundation: Poured Concrete
Exterior: Concrete, Brick Veneer
Lot Features: In-Law Suite

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Kitchener listings, avg age

53d

Price / ft²

$364

List price

$690K

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 7 days, which is 46 days fresher than the city average of 53. Act while there is still low competition.

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Listed by Peak Realty Ltd. · Greg Metcalfe

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2H)

This home lists at $689,900, about 9.4× the local median household income of $73,500.

Carrying it typically needs a household income of about $134,762 (20% down, 25-yr amortization, stress-tested) — roughly 83% above the area median.

Median household income: $73,500
Population: 22,456
Median age: 38.4
Owner / renter: 49% / 51%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA N2H)

$689,900· $364/ft²

For sale

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Full Cost Breakdown

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Down Payment6.38% · $43,990

Min 6.38%50%

Mortgage payment$3,581/mo

↳ CMHC premium ($25,836 capitalized)

Property tax (est.)$364/mo

Total monthly$3,945

Cash Needed to Close

Down payment (6.38%)$43,990

Land transfer tax$10,273

Est. closing costs$4,570

Total cash needed$58,833

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