$749,900

For sale

169 Bruce Street, Kitchener - Single Family for Sale

169 Bruce Street, Kitchener, Ontario, N2B1Z2

6 beds2 baths6 parking900 ft²61 × 111 ft (6,771 sq ft) lot sizeListed 12 days ago

Overview

This 6-bedroom, 2-bathroom home in Kitchener is for sale offering roughly 900 sq ft of space. Its $749,900 asking price sits right in line with the $749,900 median in Kitchener. It has been on the market 12 days, fresher than the Kitchener average of 53 days.

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Description

Legal Duplex with Strong Income Potential on a corner lot! This well-maintained, fully vacant upper unit offers an excellent opportunity for buyers looking to live comfortably while generating rental income from the already-tenanted lower unit. Each unit features 3 bedrooms, 1 bathroom, a full kitchen, separate entrance, and dedicated parking. The property also features a standalone double car garage, providing valuable additional space and convenience. The upper unit is move-in ready, allowing the new owner to make it their home while benefiting from rental income from the lower unit. Ideally located close to schools, shopping, parks, public transit, and major highway access, this property offers the perfect combination of homeownership, income potential, and long-term investment value. A fantastic opportunity for first-time buyers, investors, or anyone looking to offset their mortgage while owning a versatile income property. (id:66096)

Property Details

MLS®: X14112732
Property Type: Single Family
Bedrooms: 6
Beds (above / below): 3 above · 3 below
Bathrooms: 2
Parking: 6
Interior Size: 900 ft²
Lot Size: 61 × 111 ft (6,771 sq ft)
Frontage: 61 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax: $4,757/yr
Listed

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Water Heater
Foundation: Poured Concrete
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

12d

Kitchener listings, avg age

53d

Price / ft²

$833

List price

$750K

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 12 days, which is 41 days fresher than the city average of 53. Act while there is still low competition.

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Listed by RE/MAX TWIN CITY REALTY INC. · ANURAG SHARMA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2B)

This home lists at $749,900, about 9.3× the local median household income of $81,000.

Carrying it typically needs a household income of about $146,482 (20% down, 25-yr amortization, stress-tested) — roughly 81% above the area median.

Median household income: $81,000
Population: 16,939
Median age: 42.8
Owner / renter: 61% / 39%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA N2B)

$749,900· $833/ft²

For sale

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Full Cost Breakdown

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Down Payment6.67% · $49,990.00

Min 6.67%50%

Mortgage payment$3,880/mo

↳ CMHC premium ($27,996 capitalized)

Property tax (est.)$396/mo

Total monthly$4,277

Cash Needed to Close

Down payment (6.67%)$49,990

Land transfer tax$11,473

Est. closing costs$4,750

Total cash needed$66,213

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